Dutch central bank mulls moving its $7.7bn gold reserve out of Amsterdam

Gold prices hit a four-month low today as worries over Europe's financial health, particularly Greece and Spain, and massive trading losses for JPMorgan hurt stock markets and the euro, prompting investors to shelter in the US dollar.

The head office is just one among 800-odd mining companies clustered in downtown Vancouver. But even in a group so large it serves as the backbone of the city’s business district — and the world’s centre of mining expertise — Teck Resources stands out.

With the price of uranium down about 25% from levels reached before the Japanese earthquake and nuclear disaster in Japan last year, the least the industry wanted to hear was what the latest edition of the Scotiabank Commodity Price Index had to say: the yellow material prices may well bottom in 2012.

The oil and natural gas rich nation's stake in the coal giant is now 8% with a target of over 10%, providing crucial back for Glencore CEO Ivan Glasenberg to push through the $90 billion merger with Xstrata.

Despair not, gold investors. Goldman Sachs hasn't given up on bullion. Despite a significant selloff in the yellow metal in recent days, bottoming out at four-month lows, Goldman Sachs is still forecasting a rally in gold this year.

Confused about the political machinations surrounding the Keystone XL pipeline, or baffled by talk of crude oil discount rates, Oklahoma bottlenecks and Texas Gulf refining capacities?

Trading barbs over the allocation of resource revenues is a blood sport in Canada, and the latest contenders are newly minted NDP leader Thomas Mulcair and Saskatchewan Premier Brad Wall.

Denison Mines Corp shed 1.2% on Wednesday bringing its losses over the last week to 19% ahead of quarterly results that showed the company widened losses to $51.9 million.

Fearing a backlash by foreign investors in the mining sector – the foundation of the country's economy – Mongolian legislators on Tuesday watered down many of the provisions of draft legislation that gives the state greater control and ownership of mining projects.