Former Xstrata CEO Mick Davis may become Rio Tinto new chairman
The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.
While the U.S. economy is hardly on solid footing, the fact remains that as the world’s biggest and most influential economy, the U.S. doesn’t have to be running optimally to keep the global economy chugging along.
France resurrects its 17th century economic policy, sets up state miner to explore for rare earths and gold focusing on francophone Africa and South America.
The Bundesbank, trying to build trust among Germans concerning the whereabouts of their 3,396 tonnes of gold, tries hard to lay the many rumours to rest.
SNL Metals & Mining reveals that while the minerals exploration sector recorded lower drilling activity, funds raised by the mining sector saw a near three-fold increase to $6.2 billion.