LME chief flags gold fix flagging
London Metal Exchange, bidding to take over administration of gold and silver fix, says its open to manipulation.
Latest Stories
A bear raid on gold – Is that about to happen?
After some considerable selling of gold from the SPDR gold Exchange Traded Fund in the preceding months, early in 2013, Goldman Sachs came out with a warning that the gold price was going to fall and fall heavily.
China’s Baosteel faces competition in bid for Aquila Resources
Mineral Resources, which also operates small iron ore mines, now owns a 12% stake in Aquila.
Canadian diamond exploration perks up
For years it seemed that juniors were fleeing from diamond exploration — and for good reason.
Auctioneer sees silver lining in dropping oil prices
IronPlanet, a major heavy equipment auctioneer, expects an up-tick in its energy unit this year and next due to a downturn in […]
Chile says no to $8bn hydroelectric project in Patagonia
The world’s top copper producer, however, is energy-starved, which has begun affecting the competitiveness of its mining sector and cramping economic growth.
Asteroids mined for fuel to generate trillion dollar market, says firm
Orbiting spacecraft could be refuelled with water taken from asteroids—but some experts doubt the economics.
Canadians losing enthusiasm for building closer ties with Asia
In 2013, 45% of Canadian surveyed said they felt Chinese investment would benefit Canada. In 2014, that number dropped to 35% in 2014, the lowest in a decade.
The Bakken gets bigger – likely a lot bigger
Oil producers are now “cracking the code” on the Torquay, or Three Forks formation below the Bakken, and coming up with incredible economics—these wells are paying back in only seven months.
