Gold stutters at $1,250 as silver closes on $20

Monday , 06 Sep 2010 Gold is finding it tough to break up through $1,250 decisively with profit taking above this level holding it back, but silver's path is looking altogether more positive as it nears $20.

World top copper miner to cut 3,000 jobs

Sunday , 05 Sep 2010 Chile's Codelco plans to eliminate 3,000 jobs by year end to boost its competitiveness. Unions quiet but warn workers to be on state of alert.
  • Codelco's new CEO could clash with unions
  • Chinese officials order state firms to explore Potash Corp bid

    Monday , 06 Sep 2010 According to a source with direct knowledge of the matter , as a result of the directive Sinochem is holding meetings with several banks

    India's Essar in the race for Indonesian coal mine

    Monday , 06 Sep 2010 India's thirst for coal remains unabated with several Indian energy firms currently seeking assets across the world. Now the Essar Group has shown interest in Australian Kangaroo's Indonesia coal.

    Political, economic announcements boost longer term gold outlook

    Monday , 06 Sep 2010 Previously $1240/oz was a key level of resistance for gold, as it slowly becomes a new support level, the price of the yellow metal is likely to continue to trade higher

    Iron ore cargo ship takes Arctic route, makes history

    Monday , 06 Sep 2010 The MV Nordic Barents, carrying iron ore from Norway to China, is taking the northern most route from Europe to Asia, through the melting ice cap, which is expected to cut 5,000 nautical miles off the trip

    Tata Steel to pump up the volume with Canadian iron ore project

    Saturday , 04 Sep 2010 Tata Steel is set to invest in a Canadian firm to ensure raw material security as it builds new plants at Kalinganagar and Chhattisgarh, and plans to expand capacity at Jamshedpur.

    Do the Chinese really believe the U.S. is selling down its gold reserves?

    Saturday , 04 Sep 2010 A Chinese news report has suggested that Central Banks - including the U.S. Fed - may be selling gold. Data do not seem to bear this out, but....
  • Gold and the forex market
  • Yes, gold can go higher - Frank Holmes

    Saturday , 04 Sep 2010 Gold price coud double and some gold stocks triple over the next five years as gold does not look yet to be overbought.

    Industrial metals - price hiatus ahead

    Friday , 03 Sep 2010 According to the Royal Bank of Scotland, we are now in the second phase of the mining cycle with sideways movement and volatility the name of the game
  • Scotiabank says copper supply deficit will continue into 2011
  • Weekend Top Story: Eldorado fumbles Andean Resources play as Goldcorp snatches the prize

    Friday , 03 Sep 2010 Eldorado Gold was prepping for a conference call today to explain its "friendly" $3.2 billion bid for junior Andean Resources when Goldcorp intercepted the pass and apparently scored its goal.
  • Andean to develop significant new gold/silver mine in Patagonia
  • Goldcorp favored among senior gold stocks dented by ETFs - GMP

    Friday , 03 Sep 2010 GMP Securities predicts senior producer Goldcorp will surprise investors in the next four years with its substantial production growth in gold and other metals.
  • Trouble in paradise nowadays for mine project financing--Ecclestone
  • Saskatchewan considering potash royalty system change

    Friday , 03 Sep 2010 The Premier for the Western Canadian province said in an interview that in the longer term some royalty changes could be possible, to take the bias away from prices and more toward volumes

    A good year for N.A. mining means good year for CEO bonuses

    Friday , 03 Sep 2010 A new survey shows that in 2009, mining CEOs recieved an average bonus of $573,000, or 91% of their salary

    SA govt. ties itself in knots over Sishen iron ore debacle

    Friday , 03 Sep 2010 Is South Africa's Mines Minister engaging in double speak over Kumba/ICT imbroglio over Sishen iron ore prospecting rights?
  • Kumba: exposing a wobbly system?
  • South African gold production still falling - down 7% yoy at end of H1

    Friday , 03 Sep 2010 At the current rate of production, South African gold output will slip below 200 tonnes this year dropping it to fourth place among producing nations
  • South African gold production down 5.3% in June
  • Will South Africa's unions kill its mines?

    Thursday , 02 Sep 2010 Increasingly aggressive stances by unions are creating havoc in South Africa. At Northam Platinum, the union's "demand" of 15%, is in reality a ferocious 27%.

    More investment opportunities in Africa now than in the last 10 years

    Friday , 03 Sep 2010 The African Lion 3 Venture Capital Fund, based in Melborne, told the Africa Downunder conference that it sees a lot of opportunities presenting themselves in Africa

    Indonesia edges closer toward uranium mining and nuclear power

    Thursday , 02 Sep 2010 After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

    As silver consolidates above $19/oz technicals look bullish

    Thursday , 02 Sep 2010 Considered a key resistance level, if the white metal remains above $19 an ounce more strength could be on the way

    The gold debate: Will gold be as good going forward

    Thursday , 02 Sep 2010 Gold bugs have spent the last ten years in the sun but, in relative terms the price of gold is rather expensive now, how much higher can it go?

    Ernst & Young reckons mining and metals deal making to accelerate

    Thursday , 02 Sep 2010 The value and volume of deals in the global mining and metals sector is set to soar, driven by competition to secure raw materials.

    Silver seen as safe-haven cinderella

    Thursday , 02 Sep 2010 While not for widows and orphans because of its volatility, a number of analysts expect silver's latest run, it is up15% so far this year, to have a bit more staying power
  • Gold and silver still the best wealth protectors
  • Frank Holmes expects gold price to double in 5 years

    Wednesday , 01 Sep 2010 With the start of the festive season, September is likely to be a good time for gold and things should continue to do well into 2011
  • Of gold and volatility - advice from Frank Holmes
  • Chalice Gold looking for 2-year payback on Eritrean gold mine

    Thursday , 02 Sep 2010 The Western Australian explorer is upbeat about the potential of its Koka gold project in Eritrea, citing a target cash cost of US$338 per ounce.

    Middle Island Resources to list with Newmont as cornerstone investor

    Friday , 03 Sep 2010 Rick Yeates formerly Coffey Mining's GM for strategy has plans to list Middle Island Resources, a junior gold miner, on the ASX

    Rio Tinto to grow Indian diamond presence

    Thursday , 02 Sep 2010 In a major boost to gold and diamond mining in India, mining giant Rio Tinto, which has discovered an immensely rich diamond resource of 37 million tonnes in northern India's Madhya Pradesh state, is set to invest $79 million in the country.

    Australian miners should take a stronger social approach in Africa - Coffey

    Thursday , 02 Sep 2010 The mining consultancy says Australia's operators should develop a more inclusive approach in their dealings with their African partners to help deliver an increasingly socially workable environment.

    Company Releases

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