Codelco’s challenges escalate as workers reject contract offer
The copper giant is having a rough start of the year with sinking copper prices, lack of cash and escalating costs.
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Ontario hires Deloitte to push forward Ring of Fire development
Despite the fact that a major stakeholder has iced the project.
China’s Gold Demand
There are very few figures coming out of China that you can rely upon, and this is particularly true of gold imports.
Gold price soars as ETF buyers return en masse
Gold breaks through key levels on Friday, jumping to a three-and-a-half month high as ETF buyers pile back into the market.
Petra gets $26m for its South African 29.6-carat blue diamond
Rock was sold to US luxury jeweller Cora International NY through South Africa-based Golden Yellow Diamonds.
Nautilus Minerals goes hard on PNG gov’t over Solwara 1 dispute
The seafloor miner revoked Papua New Guinea’s right to a 30% in its flagship project Solwara 1, and is now seeking undisclosed damages.
Anglo American profit hit by strikes, logs $1.9 billion writedown
"We are not happy," said CEO Mark Cutifani.
Gold sector nightmare not over: price drop forcing them to slash reserves
Despite extreme measures taken by gold miners to balance their books, the sector continues to suffer the aftermath of last year’s precious metal price nosedive.
Top gold ETF holdings jump most in 16 months as rally gains momentum
Investors bought a net 7.5 tonnes in SPDR Gold Shares on Thursday marking the best performance since October 2012 when gold was trading at $1,800 an ounce.