Swiss National Bank losses $20bn due to falling gold prices
Despite the negative figure, it reported a profit of $6.2 billions for the first half of 2013.
Latest Stories
Extensive damage but no deaths in Florida’s gas plant blasts
At least eight people were injured by a series of overnight explosions at a gas plant in the US state of Florida.
Fresh wave of violence strikes South African mines: eight dead
Clashes between illegal miners and an unexplained incident near Lonmin's Marikana mine fuel concerns of a new wave of violence across the mining industry.
Gold’s two markets-in-one can anger and confuse
Given recent moves in the price of gold, it might be worth taking a leaf from behavioural economics and view the gold market as not one, but two.
Australian government has squandered spoils of mining boom: Grattan Institute
Country has not saved enough from the largest income boost it has ever seen.
RPM commits to expanding coal capabilities with new Head of Coal appointment
BRISBANE, Australia (July 31, 2013) – RungePincockMinarco (RPM) has announced the appointment of Mike Rowlands to a new leadership position, Head of Coal for Australasia, Russia and CIS.
India’s attack on gold: Premiums double
Jewelers are now paying $10 an ounce over the London gold price.
Tanzanians sue African Barrick Gold for alleged deaths
Claimants allege African Barrick failed to curb the use of excessive force at its North Mara mine on a regular basis over the last three years.
Chinese coal companies face troubled domestic market
Some coal producers in the red.
