One Canadian fund made a $700m bet on gold
Q1 filings show Toronto asset manager CI Investments poured $700 million into world's top gold-backed ETF while Credit Suisse upped its investment 4-fold.
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PotashCorp invests in technology for Aboriginal education
More than 200 local Aboriginal students started the school week off with a special boost thanks to new educational technology donated by PotashCorp and One Laptop per Child (OLPC) Canada.
Pending Argentine poll has potential to reverse economy and attract global mining investment
As Argentina heads into its turbulent President election in October, a senior economic forecaster visiting Australia says the poll will fuel renewed interest in that country’s mining sector – but also raise the spectre of its uncertain post poll financial framework.
BHP to pay $25 million in 2008 Beijing Olympics bribery probe
The U.S. Securities and Exchange Commission concluded BHP did violate a U.S. anti-corruption law by paying for officials and their families to attend the Games.
EU lawmakers surprise with vote on ‘blood metals’ ban
The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.
BitGold disrupts financial services
Bitgold has taken Canada's capital markets by storm since it debuted last week.
Australian miners warned not to ignore ties between Latin America, Asia
The increasing engagement of Latin America with Asia may potentially be at the expense of Australia’s traditional sense of right to be a major Asian player, expert says.
Mitsui mulls expanding into food, drugs sectors to offset profit drop
The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.
Traders warn on gold liquidity as banks stay away
A few years ago London's precious metals traders would arrive at their desks to find the phones flashing. On the other end of the line were rival banks looking to buy and sell gold. Today the trading floors are a lot quieter.
