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.

June 9, 2012

Silver would disappear in a nanosecond if people understood how little there is: Eric Sprott

Eric Sprott told Silver Doctors that he sees no reason for precious metals' to be priced so low with the current global economic weakness.

June 9, 2012

An 1865 economic study of coal explains why bankers and financial firms will pay more for IT and resource companies will pay less

William Jevons, a British economist, was looking at his country’s dwindling coal supplies in the mid-1800s and was asked if increased efficiency in […]

June 8, 2012

Gold bumps up against $1,600, but weekend Spanic could see the running of the bullion bulls

Potentially gold-bullish developments this weekend include fresh economic data from China and shocks emanating from Europe as Spain attempts to shore up its banking system.

June 8, 2012

Minerals Council of Australia accuses unions of racism

The Minerals Council of Australia (MCA) has condemned unions, saying they are running a nonsensical "race-based" campaign.

June 8, 2012

Copper at a six month low after fears resurface about Chinese economy

Copper dropped sharply on Friday after China's decision to cut interest rates suddenly revived fears of a slowdown in the world's second largest economy.

June 8, 2012

Dominican Republic: Sandy beaches, turquoise water and $58 billion waiting to be extracted

The Dominican Republic is soon to become more than just a sunny destination. Data published by the country’s geology society claim the Central American nation is sitting on nearly $58…

June 8, 2012

U.S. environment agency sues India-based coal firm

A group of coal companies owned by a massive India conglomerate ran illegal surface mines in eastern Kentucky that polluted waterways, according to lawsuit filed by the U.S. Environmental Protection…

June 8, 2012

Canadian government of Nunavut allows uranium mining

Announced yesterday, the government of Nunavut is in favour of uranium mining on the condition that the radioactive ore be used for peaceful and environmentally responsible purposes only.

June 8, 2012

South Africa’s diamond industry no longer sparkling

The South African diamond industry faces serious challenges upstream and downstream, where job creation, wealth creation and the beneficiation of raw diamonds are not concerns for regulatory authorities, says diamond…