Copper off to the races after Wen comments
Copper saw a strong start to the trading week adding 1.8% following pro-growth comments by the Chinese premier Wen Jiabao over the weekend.
Latest Stories
Is post-Taylor diamond mining in Sierra Leone clean?
Charles Taylor, was convicted in April of war crimes for arming Sierra Leone's rebels in return for blood diamonds. Taylor is now awaiting sentencing and the BBC tries to find out if mining in the country is now “clean”.
As hedge funds reduce bullish bets on bullion to 2008 levels, $1,100 an ounce is called ‘realistic’
“People were beginning to believe that gold can stand up against all crises, but the last six months proved that theory wrong.”
Hard coal landing: Australia scraps $9 billion port expansion
The state government has scrapped plans for a $8.8 billion coal terminal expansion project at Queensland's Abbot Point, Australia citing funding issues and environmental regulations, but China's slowing economy probably had more than a little to do with it.
Gold rally runs out of steam before $1,600 mark
Traders said support given to Greece to stay in the Eurozone at the weekend's G8 meeting and a stronger dollar hurt the yellow metal.
Billionaire battle: Property tycoon says Rinehart is bilking him out of iron royalties
Gina Rinehart, the world of mining's 4th richest person, is meeting a fellow billionaire Stan Perron in the Australian supreme court this week in a fight over – no surprises here – iron ore royalties.
Kirkland Lake halts production after fire
No injuries or damage to company assets, but all production activities are halted until power is restored.
Gold: The world’s friend for 5,000 years
Investors have “defriended” gold recently in favor of the dollar, as Greek and French voters rejected austerity measures.
Iron ore hits six-month low as China just says no
Iron ore prices fell on Monday to six-month lows of $130/tonne as Chinese steelmakers demand cargo deferrals or simply default on shipments.
