New $264m Zimbabwe platinum mine to last 34 years
Completing the $264-million mine will boost the platinum reserves of Zimplats from 3 million to 9 million ounces.
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Italy’s resounding no lifts gold price
Gold price up 1% with with eurozone in turmoil and Italian prime minister stepping down.
Explosion in Chinese coal mine leaves 32 dead
Thirty-two miners were killed in a gas explosion that ripped through a coal mine in Chifeng, Inner Mongolia on Saturday.
EPA’s proposed financial responsibility rule for miners a ‘job killer’ — industry
Norm aims at ensuring that hard-rock mining companies can pay the costs of cleaning up their mines, says EPA.
Cameroon involved in Central African ‘conflict diamonds’ trade — report
Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, a new report shows.
China gold premiums soar amid import limits
Just this week, bullion was sold in China at about $24 an ounce above the international price.
Gold price slump puts Barrick’s Super Pit deal with Minjar at risk
The Chinese miner is also having a hard time trying to convince Western lenders of financing part of the deal.
Juniors crashed by gold slump
The junior gold miners’ and explorers’ stocks have been crushed in recent months, collateral damage from enormous gold-futures selling.
CHARTS: Death of the coking coal contract
Coking coal prices retreated on Friday, but only slightly, holding above $300 a tonne after two months of insane gains.
