LME chief flags gold fix flagging

The Kvanefjeld project would also be the world’s second-biggest rare earths operation.

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The mine produced just under 500,000 tonnes of the red metal last year, making it Peru's largest copper operation.

The country expects mining investments to increase 360% in the next four years compared to the 2013-2016 period as it has already granted 160 of the 420 explorations licences it put out to tender in July.

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The rankings are based on data for academic reputation, employer reputation, research citations per paper and research impact.

Although gold has a bigger reputation today as a monetary metal, it was often deemed too valuable for everyday transactions throughout history.

But US payrolls number on Friday could turn out to be bullish if Fed falls behind the curve.

Goldcorp (NYSE:GG,TSX:G) is teaming up with one of the world's largest computer companies to help if find more gold at its storied Red Lake mine in Ontario.