Last time hedge funds were this bearish, the gold price was $700
Hedge funds are the least bullish on gold since 2007 prompting contrarians betting all the big sellers have been flushed out, to push gold higher Tuesday.
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BHP Billiton cuts spending by 25%
Chief Andrew Mackenzie highlighted he will base future decisions on BHP's "four key pillars": coal, iron ore, petroleum and copper.
Alberta, oil sands lead the Canadian economy once again
But British Columbia is expected to become the fastest growing economy by 2015.
Employment prospects for Canadian miners don’t look good
Canadian mining companies are becoming increasingly unwilling to add employees to their payrolls and are reporting the weakest hiring intentions since Q3 2009.
Gabriel Resources’ latest setback: Romanian parliament rejects mining reforms
The legislation could have enabled Canada's Gabriel Resources to proceed with plans to build Rosia Montana mine, Europe's largest open cast gold operation.
Metso’s intelligent grinding process solution guarantees maximum ore recovery at Altay Polimetally’s copper project in Kazakhstan
In addition to a grinding mill order earlier this year, Altay Polimetally has now chosen Metso as the supplier of a complete grinding system for their new copper mine in Kazakhstan. The order value is over EUR 30 million.
EMS-CHEMIE moves to AVEVA Everything3D mid-project
Swiss chemicals company chooses AVEVA software to increase design efficiency
Keystone XL begins carrying crude ahead of Obama’s final decision on pipeline
The Obama administration began preparing its final review of Keystone XL's northern segment on Monday.
Zimbabwe may have to stop producing diamonds
Country’s diamonds said to be depleting fast.
