Vale’s Q3 profits expected to dive 61% on depressed ore prices
Brazilian mining giant Vale (NYSE:VALE) is expected to log a year-on-year Q3 profit decline of 61% due to this year's precipitous dive in iron ore prices.
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Sales by US Mint of silver outpace gold over fifty-fold
Figures released by the US Mint on Friday indicate that sales of silver in year-to-date exceed those of gold more than fifty-fold in terms of weight.
Mongolia refuses to let Rio’s Aussie lawyer leave
A 32-year-old Australian lawyer for a Rio subsidiary has been prevented from leaving Mongolia by local police following allegations of corruption.
University of Ghana Receives Geophysical Equipment
As Ghana News Agency reports, the Geology Department of the University of Ghana received geophysical equipment worth $50,000 to improve training for […]
Gold Fields fires 8,500 striking workers as mining companies get tough on unrest
Gold Fields (JSE:GFI) has fired 8,500 striking workers at a mine in South Africa following their failure to respond to an ultimatum to abandon the strike.
VIDEO: Caterpillar says miners are buying autonomous trucks to operate more safely
Hiring truck drivers to work in remote locations is expensive.
Gold slides to six-week low, approaches $1,700 an ounce
Gold fell to a six-week low in Tuesday trading, stopping just short of the $1,700 an ounce threshold as investors become increasingly concerned about the state of the global economy.
Leeb alleges manipulation of gold by major hedge funds
Storied investor and financial author Stephen Leeb alleges that major hedge funds have engaged in concerted efforts to manipulate precious metals markets.
Canada’s Ivanplats closes $307 million IPO and now trades shares on the TSX
Africa-focused miner Ivanplats (TSX:IVP), founded by billionaire Robert Friedland, successfully closed Tuesday its $307-million initial public offering (IPO) on the Toronto stock exchange, issuing total equity of $504 million (Cdn$493).
