June 11, 2012

Gold clears $1,600 as Spanish doubts return

Gold futures perched atop the psychologically important $1,600 an ounce Monday, gaining $8.80 on the day.

June 11, 2012

Guinea begins production at first iron ore mine

Reuters reported Guinea, in partnership with Bellzone (LSE:BZM) and the China International Fund, has begun operations at its first iron ore mine.

June 11, 2012

Kinross says Tasiast producing again

Canada’s number 3 gold miner by output said about 600 workers had returned after the four-day strike at its Tasiast mine in Mauritania.

June 11, 2012

Tasman expands rare earth element project portfolio in Finland

The Korsnäs South, Siilinjärvi and Laivajoki projects are being acquired from an arm's length private Finnish company, Magnus Minerals Oy, for consideration including 60,000 common shares of the company.

June 10, 2012

U.S. rough diamond trade hurts in April

Large double-digit declines in the value of rough diamond trade by the U.S. in April. Rough diamond imports of $29.7 million fell 24.7 percent year on year.

June 10, 2012

The world needs gold to prevent people who run fiat currencies from doing anything too stupid – King

The world still needs gold and other natural resources, but we may need a new investment model to sustain them, says Byron King who also shares his perspective on mining…

June 10, 2012

Old men in mining: the advantages of mining experience when dealing with paste tailings

Too many sub-par publications sprout on about the shortage of experienced engineers in mining. “They are retiring and will leave the industry bereft,” is what the young journalists write too…

June 9, 2012

Chop-fest

What a whippy week it was. Volatility spiked and then subsided into the end of the week which meant it was a great day-trading environment but then that petered off…

June 9, 2012

Churchill Mining’s US$2 billion lawsuit against Indonesia gets lift from NY Times

British coal miner, Churchill Mining (LON:CHL), and its case against the Indonesia government got a leg up when its two-year legal battle was profiled in the New York Times.

June 9, 2012

Spain asks EU for US$125 billion to support its banks

In order to ring off contagion if Greece exits the euro, Spain will ask the EU for US$125 billion to support the country's banks.