September 10, 2012

Detour prepares to launch Canada’s largest gold mine in Ontario

Detour Gold (TSX:DGC) founder Gerald Panneton says preparations to open Canada's largest gold mine in Cochrane, Ontario are 'in the last stretch.'

September 10, 2012

Could diamonds soon rival precious metals as an investment option?

The emergence of diamond hedge funds could see precious gems usurp gold and silver's place in the spot light as safe harbor stores of value.

September 10, 2012

BP on track to sell $7bln in assets

BHP PLC (LSE:BP) is on the verge of concluding a deal for the sale of its offshore oil fields in the Gulf of Mexico for $7 billion to Houston-based Plains…

September 10, 2012

Senior golds look to juniors for growth: David Goguen

Goguen provides his views on where senior gold producers will be hunting and which companies will meet newly stringent criteria in the gold-hungry world marketplace of today—and tomorrow.

September 10, 2012

Australian coal industry to slash 900 jobs

Australia's coal miners are slashing 900 jobs against a backdrop of declining commodities prices and higher costs.

September 9, 2012

Maharaja’s family demands return of diamond

The descendants of the last Maharaja of the Sikh Empire, who was forced to hand over the Koh-i-noor diamond to Queen Victoria, launched a court action Monday for his body…

September 8, 2012

Xstrata scoffs at new Glencore offer as merger of equals becomes hostile takeover

The new Glencore offer is "significantly lower than would be expected in a takeover" and the intention to replace Mick Davis represented “a significant risk” says Xstrata's board.

September 7, 2012

Vote on Glencore-Xstrata merger delayed due to ‘developments overnight’

Glencore International (LSE:GLEN) has postponed its Friday shareholder meeting where voting would have taken place on its proposed $34 billion takeover of Xstrata (LSE:XTA).

September 7, 2012

China approved 1 trillion yuan in stimulus spending in under a week

The Chinese government has approved a raft of new infrastructure and rail projects this week in a concerted effort to boost its slowing economy.

September 7, 2012

Rio Tinto creates virtual mine to teach block caving

Rio Tinto (ASX:RIO) has teamed up with Sydney's University of New South Wales to create the world's first virtual mine for the purpose of teaching block caving