China is hiding gold… lots of it
While analysts keep trying to answer the burning question of how much gold China really has, the most recent theory indicates that it's at least 9,500 tonnes.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
South Africa lets Glencore resume operations at Optimum coal mine
Mining Minister Ngoako Ramatlhodi has decided to conditionally withdrew a licence suspension ordered earlier this week.
Revocation of Australia’s largest coal mine licence ‘a sabotage’ — Abbot
His comments follow this week's decision by the federal court of Australia to overturn government approval for the construction of one of the biggest coal mines in the world.
Peruvian police burns down entire illegal gold mine town
The action has triggered severe criticism, with many are accusing authorities of an excessive use of public force.
Wage negotiations in S. Africa’s gold sector to end next week
South Africa’s top gold producers believe it is highly likely that unions agree to take the latest pay offer presented to them, marking the end of almost 5 weeks of negotiations.
Survival of the fittest — what to expect for rare earth miners outside China
While analyst predict a rebound in hard-hit rare earth prices later this year, it is still unclear whether companies outside China, the world’s largest producer, will be able to challenge its dominance.
Nemaska Lithium gets go ahead for its Whabouchi mine in Quebec
The proposed open-pit surface and underground spodumene mine will produce lithium, highly used in the manufacturing of batteries for cell phones and electric cars.
Goldcorp slashes dividend 60% amid dire gold market
The company also said it will spend between $850 and $900 to produce an ounce of gold this year, less than its previous forecast of between $875 and $950.
Codelco resumes operations at Chuquicamata amid fresh road blockages
A group of demonstrators, however, continued to block some access roads on Thursday morning, attempting to seize a bus that was heading to the nearby Gabriela Mistral mine.
About 30,000 fresh job cuts, more mine closures expected in Australia
A fresh survey of mining industry leaders is predicting more mine closures and job cuts as the prices of commodities like iron ore and coal decline.
How Rio–Glencore talks fell apart
In the end it wasn't about copper, iron ore or coal, but who was paying more.
