Driller says past quarter is ‘most promising start to any fiscal year ever’
New equipment being bought, new contractors being signed.
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Global silver output falls for first time in 14 years
Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market.
KGHM says phase two of Sierra Gorda copper mine in Chile will never happen
The Polish company, Europe's second-largest copper producer, said that given current macro conditions the plan had lost sense.
‘When not if’ palladium will top platinum price
New report says record autocatalyst demand, falling mine supply, will make palladium more valuable than platinum for the first time since 2001.
Gold and silver to end the year on an upswing
In the near term we will likely test support at $16 silver and $1200 for gold.
Chart of the day – false reversal?
Gold likes to print false reversals to sucker in longs too early.
Colombia calls governments to stop ‘blood gold’ trafficking
The country has taken a page out of the diamond industry’s books by calling for international regulations aimed at cutting the amount of illegally-mined gold entering mainstream markets.
Philippines to keep mining law intact, despite new minister appointment
The new head of the environment office, Roy Cimatu, has however said he believed it was possible to balance mining and natural resources protection.
BHP Billiton puts Cerro Colorado copper mine in Chile on the block
Workers temporarily blocked access roads to the site in protest for the decision, which they say will inevitably bring a massive wave of layoffs.
