Canadian Lucara Diamond finds rare blue stone in Botswana
Canada's Lucara Diamond Corp. (TSX:LUC) said it recovered a 9.46-carat rare type II blue diamond from its Karowe mine in Botswana.
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Molycorp sues contractor for over $45 million
Molycorp Inc. (NYSE:MCP), one of the only non-Chinese producers of rare earths, has sued the engineering company responsible for designing the chemical processes at its troubled Project Phoenix for over $45 million in damages.
Russian government allows foreign investors to develop strategic gold and precious metals minefields
The Russian government is considering allowing foreign investors to develop strategic gold and precious metals minefields, through the adoption of amendments on the currently existing federal law “On Subsoils”, which regulates the development of the minefields in Russia.
Gold price jumps 2%. Is this the start of the Obama rally?
The gold price soared $35 early Tuesday easily scaling the $1,700 level as traders appear to price in an Obama victory.
Anti-mining advocate arrested in Philippines over Facebook posting
A 62 year-old woman was arrested in the Philippines for promoting an upcoming demonstration opposing magnetite mining back in 2011.
Aquarius Platinum gets lift from takeover talk
Aquarius also appointed a new CEO this week.
Canada to supply India with nuclear energy
After two years fine-tuning details of their nuclear cooperation agreement, Canada and India have finally reached consensus and the countries representatives announced Tuesday a deal that will see Canadian companies ship their uranium to the South Asian nation for nuclear energy.
Australia tries rescuing Rio Tinto’s aluminum operations
Australia’s federal government has agreed to back the construction of a proposed gas pipeline to supply Rio Tinto’s (LON, ASX:RIO) struggling Gove aluminum operations in the country’s Northern Territory.
Report raises questions about central bank gold holdings
Gold held in the vaults of key central banks around the globe may not have been accurately recorded. A report issued last month in Germany has brought this issues to the fore.
