May 31, 2013

Codelco Q1 profits down 43% year-over-year

Q1 output is up 3%.

May 30, 2013

Briolette diamond sells for $11m in Hong Kong

The sum set a new record for that particular style of gem.

May 30, 2013

Numbers don’t lie: Aussie capex drops, mining boom is over

Capital expenditure in mining peaked last year, stabilized in the second half of 2012 and then plunged steeply in the March quarter, wiping almost $1.5 billion off Australia's quarterly output.

May 30, 2013

Iron ore prices hit seven-month low, Aussie miners affected

Drop has prompted investors to exit pure-play stocks, such as Fortescue Metals Group.

May 30, 2013

China’s top utilities protest plan to ban low-grade coal imports

The big utilities have only just begun to see their thermal power businesses turn profitable after hemorrhaging billions over the past five years due to soaring coal prices.

May 30, 2013

Asian gold demand to hit all-time quarterly high: World Gold Council

Taken together, China and India account for more than half of consumer bullion demand worldwide.

May 29, 2013

Why gold prices aren’t following the Nikkei downwards

Potential slowdown of QE is sending the Nikkei tumbling but gold remains flat.

May 29, 2013

US to prosecute ‘bank of choice for the criminal underworld’

The low-lifes used a virtual currency to launder the money.

May 28, 2013

Flake graphite prices have bottomed

Industrial minerals analyst Simon Moores says now is the time to look for responsible junior graphite miners that base their economics on current (lower) prices

May 26, 2013

Deadly flood the result of illegal mining: Chinese government official

Nine dead, one missing.