Australian gold exports to China surge over 900%, iron ore sinks 5%
Australian sales of gold to China have surged a staggering 905.4% on the back of the Middle Kingdom's efforts to short up its foreign currency reserves.
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Billionaire Frank Giustra: Gold will be the final bubble
Billionaire movie mogul and mining financier Frank Giustra says when all other asset bubbles have burst everyone will be in gold.
ArcelorMittal mulls sale of $10 billion Canadian iron ore business
ArcelorMittal, the world's largest steel producer, is considering to sale a stake in its $10 billion Canadian iron ore business, in an attempt to weather the slump in its key commodity, reports FT.
DeLorme Releases XMap 8.0 with Enhanced GIS, GPS Connectivity and Data Collection Tools
Affordable, User-Friendly GIS Software Suite Provides Essential Field Mapping, Monitoring and Data Collection Tools for Energy, Natural Resource and Rail Transportation Professionals
Endeavour Mining closes $389 million Avion Gold acquisition
Vancouver-based Endeavour Mining (TSX:EDV, ASX:EVR) has closed the full acquisition of Toronto-based Avion Gold Corp. (TSX:AVR), in a deal originally valued at $389 million.
Riverstone Resources and Blue Gold Mining merge in a $30 million deal
Vancouver-based Riverstone Resources signed Thursday a deal to acquire Blue Gold Mining, in an all-share deal valued at $30.3 million, which will allow the new company to strengthen its exploration and near-term production activities at properties in West Africa.
SGS Opens First Full Service Geochemistry Laboratory In Medellín, Colombia
SGS is positioned to offer a full range of geochemical analyses in response to the growing needs of the local exploration industry.
Chinese coal firms in Canada favour foreign labour – report
The Chinese coal mining companies that are staring business in B.C., Canada, have been accused of favouring Chinese applicants to fill available positions, as they have posted ads looking for workers who speak Mandarin, not a language spoken by most Canadians.
World Gold Council releases conflict-free standard
The World Gold Council (WGC) published Thursday the anticipated conflict-free standard, which aims to restrict production of the yellow precious metal in places where it already fuels or may trigger conflicts and human rights violations.
