Diamond giant Alrosa offices raided – report
Russia's Federal Security Service is investigating the world's top diamond producer in relation to assets sales dating back years.
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Rio Tinto to fight $447 million Australian tax bill
The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.
The buying power of the U.S. dollar over the last century
The value of money is not static. In the short term, it may ebb and flow against other currencies on the market. In the long-term, a currency tends to lose buying power over time through inflation, and as more currency units are created.
BC mining financing dropped 40% in 2016
The mining industry still received 29% of the Canadian province’s top-grossing corporate financing deals.
Erdene Resource moving forward with flagship project in Mongolia
While the company had other projects in the country, the Bayan Khundii gold project went from greenfield prospect to being its main asset in roughly nine months.
Barrick confirms selling half of Veladero to Shandong Gold for $960 million
Deal will also see the two firms looking at jointly developing the nearby Pascua-Lama gold, silver and copper project and evaluating additional investment opportunities in the area.
‘Conflict minerals’ entering tech supply chains from countries beyond Africa — report
Tungsten, tin, tantalum and gold are now also being illegally extracted and traded at sites under the control of armed groups in countries including Myanmar and Colombia.
Gold finds strong support from negative real rates
In case you haven’t already noticed, inflation has been steadily creeping up since July. In February, the most recent month of available data, consumer prices advanced at their fastest pace in five years, hitting 2.7 percent year-over-year.
Chinese buying 50% of Barrick Veladero, Pascua Lama-report
Veladero could fetch more than $1 billion despite operational setbacks.