Gold miners will take 20 tonnes off hedge books this year
For the third consecutive quarter, the gold market saw net de-hedging, with the hedge book falling by 188 koz or 6 tonnes.
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Xstrata gets an extra week to decide on Glencore merger
Diversified miner Xstrata (LON:XTA) and commodities trader Glencore International (LON:GLEN) have now until October 1 to decided on the $36 billion lauded merger.
DiamondCorp shares soar on Lace project financing news
Shares in diamond exploration and development company DiamondCorp PLC (LON:DCP) went up over 24% in early trade Friday after the group struck a financing deal that will meet more than three-quarters of the costs of its Lace mine project in South Africa.
Oyu Tolgoi ready to lift the curtain, but someone has to turn on the lights
Rio Tinto’s flagship $5.2 billion copper-gold Oyu Tolgoi mine in Mongolia near the Chinese border – one of the biggest mining projects in the world – is practically ready to go, except for one “detail”: it needs power supply to kick-start operations.
Christie’s expects over $15 million for huge Indian diamond
The Archduke Joseph Diamond, a 76-carat gem considered one of the most renowned worldwide, may be sold for more than $15 million in Geneva on Nov. 13, the world's largest auction house Christie’s said on Friday.
INFOGRAPHIC: The coal boom’s impact on BC
CTV BC has put together a vivid visual summary of the impact of the mining boom on both the economy and environment of British Columbia.
China’s 2nd biggest gold miner pursues Australia’s Focus as domestic demand augments
China's Shandong Gold Group has agreed to purchase 51% of Australian gold miner Focus Metals (ASX:FML) as Chinese appetite for the precious metal intensifies.
Aussie resource sector job cuts continue with Rio’s retrenchments at Clermont
Rio Tinto (ASX:RIO) continues the recent spate of mining sector retrenchments with job cuts at its Clermont thermal coal mine in Australia's north-east.
Upside for gold continues due to mindless monetary policies: Eveillard
Storied value investor Jean-Marie Eveillard says that the upside for gold will continue as long as the monetary polices of the world's central banks remain "mindless."
