Chaarat Gold offer to Centerra values Kumtor mine at $800 million

A "culture of cover-ups" has led to a fatality rate for mines in mineral-rich Western Australia which is three times greater than that of any other Australian state.

Western Australia's Sandfire Resources (ASX:SFR) is on the verge of bringing its DeGrussa copper mine on line in accordance with its original schedule and budget targets.

The recent upward trend is comparable to price gains after QE1 and QE2 indicating the yellow metal is likely to cross $1,900 in October and $2,200 by the start of 2013.

Both Australian trade minister Craig Emerson and treasurer Wayne Swan over the weekend entered the debate over whether the country is facing a period of decline as the country's resource-led economy loses steam.

1,000 residents of Jangas, a district located in Huaraz in the Ancash region of Peru, are demanding that Barrick leave the region after police killed a resident who held demonstrations against the company.

After a tough week Belo Sun is holding onto 36% gains since the start of the year indicating the confidence the market has that the investigation into its Brazilian gold project is just a temporary hiccup.

When Leily Omoumi, a gold analyst with Scotiabank in Toronto, turns her engineer's eye on a mining company, she can translate insight into profits for investors.

Custom seizures of gold are up 50% with one of the latest cases a father and daughter arrested trying to squirrel out 50kg of the metal in unmarked ingots.

For the third consecutive quarter, the gold market saw net de-hedging, with the hedge book falling by 188 koz or 6 tonnes.