February 17, 2013

Glencore vows to appoint female director

The move would drop the number of FTSE 100 with all-male boards to five.

February 16, 2013

Tsunami-wracked Japanese city gets $250,000 anonymous gold gift

The Japanese port city of Ishinomaki received an anonymous parcel containing two 1 kilogram gold bars worth over $250,000.

February 16, 2013

Myanmar: No incendiary weapons used on copper mine protest crackdown

The country rejected Saturday an independent report claiming security forces used white phosphorus in a crackdown on a Chinese-backed copper mine protest last November.

February 16, 2013

Goa mulls banning all new iron ore projects

Officials claim Goa should be focused instead on exploiting existing low-grade iron ore dumps worth billions.

February 15, 2013

China, Ghana gold production spike, others fall

The top 10 gold producing countries mined out 1,799 tonnes of the precious metal which is 2% more than in 2011.

February 14, 2013

Moody’s issues water warning to miners

Scarcity puts pressure on capex and raises operational risks.

February 14, 2013

World gold demand falls in 2012 for first time in three years

The World Gold Council predicts consumption of the precious metal should be steady this year, although unlikely to reach the high levels seen in the worst of the financial crisis.

February 14, 2013

Rio Tinto smashed by largest ever loss, new CEO vows cuts

The mining giant provided investors with a sour Valentine’s treat as it posted a $3 billion loss, its first ever full-year loss.

February 12, 2013

Glencore-Xstrata post poor key metals output

The miners joint production numbers released by Glencore revealed a decline in output across key metals such as coal and copper.

February 9, 2013

Chinese bank calls $1.6 trillion local government debt a timebomb

"Impulsive" newly elected local governments over-invest in large infrastructure projects in China. Like this 42km long bridge.