‘Inevitable large surplus’ to crush iron ore price to double digits
Iron ore price is already down 17.% this year, but supply ramp up of cheap ore will result in further falls in the second half of 2014 says new research report.
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Signs of recovery in India’s gold jewellery sector
But value of exports still down nearly 50% over the past 11 months due to domestic scarcity of the yellow metal.
Alberta regulator approves Cenovus oil sands project
Share price gains nearly 2%.
Palladium price soars on South Africa strikes, Russia tensions
Precious metal hits two-and-half-year high over supply uncertainty from top producing countries.
Goldcorp extends Osisko offer once again
New deadline is Friday April 4, 2014.
Goldman sees gold price falling 20% by year-end
Investment bank does not buy into the year-to-date gold price rally and reiterates call for $1,050 an ounce in Q4.
Rio Tinto demands carbon capture progress, but doesn’t want to pay for it
The miner's energy division chief, Harry Kenyon-Slaney, said current climate change policy debate is idealistic and too focused on renewable energy.
De Beers to delay opening of world’s largest and richest new diamond mine
Regulatory restrictions limited shipments to the site this winter, delaying construction.
Diamond jewels owned by Pope Paul VI going for $1.9 million
The pieces not only are historically significant, but they are also unique as rarely ever Papal jewellery goes for sale.
