Gold price on insane surge after massive trade

Australia’s Dotz Nano has found a new use for coal that could be a welcome boost to the dying industry, particularly in the US.

The news follows the end of a historically long 43-day strike at BHP Billiton’s Escondida, the world's biggest copper mine in neighbouring Chile.

Precious metals expert Michael Ballanger discusses silver's recent price performance and why he believes precious metals are in alignment for a major ascent.

Measure is temporary, pending more information on what happened and the possible consequences of the new incident, San Juan’s governor said.

Appointment comes barely a week after the mine, operated by BHP Billiton, failed to secure a wage deal with 2,500 workers after a 43-day strike.

Lawmakers have approved a broad-range ban on mining, which only excludes coal, salt and other non-metallic resources.

A local government spokesman said a pipe carrying a “rich mixture” of gold and rocks came lose on Tuesday night, but no official information has been disclosed.

Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.

The Canadian miner also said it has obtained better terms for concentrate sales from the project, which are likely to add 15,000 ounces of payable gold production a year.