Do Eric Sprottt and China still believe in gold?
It has been a difficult week for precious metals, as gold and silver both experienced their lowest closes of the year.
Latest Stories
Fire sale: Investors punish Osisko for mill damage
Osisko Mining investors were unimpressed by the fire yesterday at the company's Canadian Malarctic mill. The stock (TSX:OSK) closed down a buck, or 12.94%, on the Toronto main board Friday as Osisko assessed the damage.
Molycorp stock is following rare earth prices over a cliff
Molycorp was forced to sell rare-earth oxides from Mountain Pass for 20% cheaper than during the December quarter last year. The company's stock is now worth 60% less than this time last year and all the gains from the Neo Material takeover have evaporated.
The end of Appalachia? Illinois Basin coal makes comeback
The balance of the US coal industry may be tilting in the direction of the MidWest from Appalachia.
End of the Kim era at Kazakhmys
When Kim got involved with Kazakhmys (then called ZhezkazganTsvetMet) during the 1990s the Soviet era the state company was in complete disarray and debt laden. He turned Kazakhmys into a $6 billion company and amassed a personal fortune of $3.5 billion along the way.
After Bougainville black eye, Rio Tinto wading back into PNG
Rio Tinto may attempt to re-enter the mining industry in Papua New Guinea after a distastrous experience in the 1980s, according to a report this week in PNGIndustryNews.net.
Tshwane University and GyroLAG Bridge Mining-Engineering Skills Gap
Tshwane University of Technology (TUT) and air-borne geophysics company GyroLAG are joining forces to bridge the skills gap between mining and engineering in South Africa, reports Mining Weekly.
“We are delighted to participate in TUT’s S&T train project. What a better way to help start young people on a track to becoming engineers, getting exposed to the industries behind two major modes of transport!” says GyroLAG CEO Dr Laurent Ameglio.
Gold falls to four-month lows
Gold prices hit a four-month low today as worries over Europe's financial health, particularly Greece and Spain, and massive trading losses for JPMorgan hurt stock markets and the euro, prompting investors to shelter in the US dollar.
The mining industry’s future belongs to robots
Automated operations are winning over today’s mining industry. Whether it is autonomous trucks, tele operated drills and blasts or automated logistics applications, mines are increasingly introducing these kinds of equipment and solutions.
