May 27, 2014

Gold price plunges to February lows

A one-two-three punch saw the gold price drop more than 2% on Tuesday to trade at a three-and-a-half month low and $115 an ounce below its 2014 high.

May 27, 2014

AMEC commits to long term global deployment of AVEVA software solutions

Long-term partnership strengthened by new five-year contract.

May 27, 2014

Integrated drive technology from Siemens enhances productivity of Toromocho mine in Peru

Reliable Integrated Drive System (IDS) 4,600 meters above sea level

May 27, 2014

Artisanal miners now can prove they are legal

The Alliance for Responsible Mining has launched an updated Fairmined certification

May 27, 2014

Vale’s New Caledonia nickel plant under siege, up to $30m in damage

Angry rioters attacked the nickel facility, which has been closed since early May after an estimated 100,000 litres of acid-tainted effluent polluted a nearby creek.

May 27, 2014

Barrick Gold Class Action – Robertson Stromberg LLP Files Statement of Claim Against Barrick Gold and Other Defendants

The detailed claim alleges there were misrepresentations in Barrick's public disclosure relating to Barrick's development of the Pascua-Lama mine located on the border between Chile and Argentina.

May 27, 2014

World’s leading hub for diamond trade threatened by further Russian sanctions

While Russia can always sell its diamonds at other trading centres, Antwerp will likely be left scrambling to find a new source of the coveted gems.

May 27, 2014

US imposes extra conditions for potential approval of Keystone XL pipeline

Decision was based on the discovery of potentially dangerous construction defects, such as bad welds.

May 26, 2014

Switzerland last year exported $132 billion of gold

The European nation is the conduit for gold moving from West to East and business soared 77% year on year.

May 26, 2014

Areva reaches uranium mining deal with Niger, delays project

The Imouraren project’s production start date has been pushed back several times. It was last due in 2015.