Lonmin now seeks $1 billion rights offer backed by Xstrata
The news follows the closure of Lonmin's Marikana mine in the NorthWest province of South Africa after clashes between rival unions and police left 44 dead.
Latest Stories
Exclusive Analysis: Platinum violence could spread to South Africa’s coal, iron mines – gold safe for now
More than just rivalry between unions, the platinum mine violence in South Africa has implications for the ruling ANC alliance.
$2,000 gold will soon kickstart mining shares
The lack of excitement haunting the precious metals and mining shares markets over the past year is expected to change in the next few months, says Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon.
Platinum up after killings
Investors sent platinum group metals higher after the massacre in South Africa.
All-aluminum Range Rover is 926 lbs lighter
All-aluminum uni-body cars are starting to go mainstream.
Iron ore testing $110 support as Chinese steel contracts drop to record low
Iron ore has only enjoyed three up days over the last six weeks of trading.
Intercept of bonanza grade gold vaults Balmoral 40%
Balmoral Resources (CVX:BAL) has added over 40% to its stock price in the last three days since announcing a gold intersect in its Martiniere property in Quebec, 273 g/t (8 oz/ton) gold over 3.88 metres.
Northern Gateway pipeline could be capped with a $13 billion refinery
Newspaper magnate David Black is proposing a $13 billion oil refinery to be built in Kitimat to process oil from the Northern Gateway pipeline before shipment.
Heard the rumour China is buying 6,000 tonnes of gold? It may not be as crazy as it sounds
“There’s a significant discrepancy between domestic gold demand in China and the level of Chinese gold imports and production."
