September 5, 2011

Carbon cap revival led by Gillard called stupid by Xstrata

Julia Gillard, determined to join efforts to reduce global warming, intends to revive cap and trade as Europe puts curbs on the United Nations-run emissions credit market and the U.S.…

September 5, 2011

Former BHP boss takes aim at ‘woeful’ productivity

Former BHP Billiton chairman Don Argus has blasted the Gillard government's tax reform agenda as token and piecemeal and joined the chorus of big-business figures calling for the renewed deregulation…

September 5, 2011

More arrests in India as corruption cancer spreads

India's reputation as a mining jurisdiction was further besmirched today after two powerful mining magnates were arrested over allegations of corruption. The Guardian reports that Indian police have arrested Gali…

September 5, 2011

Gold to trade above $2000 by year end: Standard Bank

Precious metal gold is trading low since quite some time as investors have turned away from safe-havens, expecting the US Federal Reserve to announce further monetary easing (QE3) when it…

September 5, 2011

Gold climbs above $1,900 as concern about slowing economies stokes demand

Gold gained above $1,900 an ounce in London as concern about slowing economic growth and Europe’s debt woes spurred demand for a protection of wealth.

September 5, 2011

Undervalued miners beginning to play catchup to gold bullion

The action in the precious metals raises interest, especially in the maze created by a fear-driven market. Gold at this time is participating in a runaway move past resistance.

September 5, 2011

Mining industry hails Reddy’s arrest

The arrests of former Karnataka Minister, Mr G. Janardhana Reddy, and the Managing Director of Obalapuram Mining Company, Mr B.V. Srinivas Reddy, signalled a change for the better in the…

September 5, 2011

Rio, Anglo aim to sell 75% stake in Palabora Mining valued at $700 million

Rio Tinto Group and Anglo American Plc (AAL), which together own about three-quarters of Palabora Mining Co., said they plan to sell their entire holdings in the South African miner…

September 5, 2011

Gran Colombia announces 51% increase in measured and indicated gold resources at Marmato

Gran Colombia Gold Corp. (TSX: GCM, GCM.WT, GCM.WT.A) is pleased to announce a new National Instrument 43-101 mineral resource estimate for its Marmato Project containing 10.0 million ounces of gold…

September 5, 2011

Red Rock has improved gold sales from Colombia

Red Rock Resources, the gold mining and exploration company with projects in Greenland and Colombia, exploration in Kenya, and interests in steel feed, uranium, and rare earths, has reported improved…