April 22, 2012

Five billion dollar loss expected at BHP Billiton after shale gas misplays

Sunday Times (paywall) reports that collapsing natural gas prices will probably cost mining giant BHP Billiton upwards of $5 billion in writedowns.

April 22, 2012

Wesizwe Platinum’s new mine smell

The construction of Wesizwe's Bakubung mine is in sharp contrast to the the general gloominess that currently envelops South Africa's platinum sector

April 22, 2012

As investors lose faith in dollar gold will win out

Gold is currently treading water but Jeff Nichols believes that the chances of a breakout to the upside are significantly greater than the probability of a breakdown with the gold…

April 21, 2012

Policy maker behind Indonesia’s 25-percent mining tax dies while mountain climbing

The key policy maker behind a drive to impose a 25% tax on Indonesia's mining exports passed away unexpectedly on Saturday.

April 21, 2012

Rainy River shareprice slides 10 pct on capital cost speculation

Investors punish Rainy River Resources as its President and CEO Raymond Threlkeld warns of imminent capital cost escalation.

April 21, 2012

How to speculate your way to success: Doug Casey

So far, 2012 has been a banner year for the stock market, which recently closed the books on its best first quarter in 14 years. But Casey Research Chairman Doug…

April 21, 2012

US rough imports sliced by 60% in February

US trade in rough diamonds declined dramatically in February, according to the latest figures. Gross imports of $33.4 million are a 59.9 percent year-over-year decline, falling 19.1 percent compared to…

April 20, 2012

Peru’s Humala says Newmont mine project needs work

Peruvian President Ollanta Humala said on Friday that U.S.-based Newmont Mining should carry out a more ambitious environmental mitigation plan if it hopes to build its $4.8 billion Conga gold…

April 20, 2012

To all gold bears: This guy has placed a $133 billion bet QE3 is going to happen

While the ranks of gold doomsayers have been growing over fading hopes for QE3, investors outside of the bullion market seem to be pricing in another round of easing.

April 20, 2012

Nixon, gold and oil

In July 1944, delegates from 44 nations met at Bretton Woods, New Hampshire - the United Nations Monetary and Financial Conference - and agreed to “peg” their currencies to the…