Look away from the US and gold prices are soaring higher

Peru's indigenous communities will now have their say in each and every mining project potentially affecting them.

Germany has more than $120 billion worth of gold stored in vaults in New York, London and Paris.

The litigation alleges that the 30 named miners, including big names such as AngloGold Ashanti (NYSE:AU), Goldfields (NYSE:GFI) and Harmony Gold (NYSE:HMY), knew of the dangers posed to workers by silica dust for more than a century.

After only five months of kicking-off operations at the Dominican Republic’s Pueblo Viejo gold deposit, one of the largest in the world, Barrick and Goldcorp said the mine has achieved commercial production.

"The impact of the draft law on the minerals industry will be to halt current minerals exploration and development in Mongolia and greatly discourage any future investment."

High exploration costs are to blame.

Citizens’ groups, backed by the radical leftist party Syriza that is now the second largest group in parliament, have been trying to wreck the project since 2011, when Eldorado was granted its exploration licence.

Alamos is after Aurizon’s only operating gold mine, Casa Berardi, in northern Quebec.

First Quantum said Inmet is trying to sabotage the takeover, while Inmet suggested its counterpart’s complaints were dishonest.