Making up for lost time, Chinese traders send iron ore soaring 6%
On Monday upbeat Chinese traders came back from a week-long break and chased the price of the commodity to $110.40.
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Australia’s growth prospects downgraded by IMF on commodities dependence
The International Monetary Fund's 2013 growth forecast for Australia has been moderately reduced due to the country's significant exposure to international commodities markets.
China plans to usurp global leadership with the backing of gold: Russell
Veteran finance expert Richard Russell claims China has plans to obtain leadership of the global economy by fortifying its official currency with precious metal backing.
Indonesia threatens ‘harsh measures’ against miners who dismiss workers
Hong Kong-listed G-Resources, said it would dismiss 300 workers from its gold mine in Indonesia where work has stopped over an environmental dispute.
Kumba Iron declares force majeure in South Africa
The 40 million tonnes a year Sishen mine only has enough stockpiles for a week.
Ruling party aligned union losing grip on South Africa mining
NUM's diminishing influence – blamed in part on its political affiliations and its perceived closeness to big business – is most striking at Impala Platinum's Rustenberg mine where its enrollment has dropped to 13% from 70% before.
Want cheap oil? Look no further than Canada
The price oil sands producers receive fell to $38 a barrel below the international benchmark oil price on Monday, leaving more than one fifth of all Alberta projects unviable.
Aquarius Platinum dives upon CEO’s sudden departure
Shares in Aquarius Platinum have plunged in the wake of the sudden departure of its CEO Stuart Murray.
China to convert coal into gas for urban energy needs
China has unveiled ambitious plans for the conversion of coal extracted in remote mining regions into gas for usage in urban areas.
