MINING.COM

Asteroid miners explain just how they are going to do it

Planetary Resources took the wrapper off the new company that plans to mine asteroids, and the company has half a road map on how to get precious metals out of the sky.

Michael Allan McCrae | April 24, 2012 | 11:40 pm

New IMF figures show at current rate central banks will buy almost 700 tonnes of gold this year

11 countries bought just under 58 tonnes of gold in March. That compares to combined purchases of 439.7 tonnes by the world's central banks last year. That already was an almost fifty year high.

Frik Els | April 24, 2012 | 7:33 pm

Newcrest Mining cuts gold production forecast

Newcrest Mining, the world's No.3 gold miner, on Tuesday cut its production forecast for this year, saying its major projects had struggled to reach output targets.

international business times | April 24, 2012 | 7:03 pm

As more cracks in the Eurozone emerge, investors buy more sovereign debt instead of gold

It seems that investors have shrugged off the latest developments around the world, in particular the Eurozone and are looking for direction from the US Federal Reserve.

David Levenstein | April 24, 2012 | 6:27 pm

Nova Scotia government to decide between gold mine or Christmas tree farm

Nova Scotia's natural resources minister Cleve Higgins will have to decide soon whether an Australian mining conglomerate or a Christmas-tree family farm has the rights over eight-hectares of land in Moose River, near Middle Musquodoboit.

Cecilia Jamasmie | April 24, 2012 | 5:55 pm

Broadcast live today: How James Cameron’s company will mine asteroids

Google's billionaire co-founders Larry Page and Eric Schmidt and filmmaker James Cameron will officially announce today plans to mine asteroids. The company's presentation will be broadcast live today at 1:30 p.m. ET.

Cecilia Jamasmie | April 24, 2012 | 3:15 pm

Hiring heavy hitter, takeover speculation fail to boost Guyana Goldfields

Nothing the company has done so far to assuage investors about its Aurora gold project has been successful and after dropping 5.5% on Monday it is now down over 60% since the start of the year.

Frik Els | April 23, 2012 | 10:05 pm

$30 billion Olympic Dam now even bigger

World number one miner BHP Billiton on Monday bought five additional exploration plots near its giant Olympic Dam mine and expansion project, destined to become the world's largest open pit.

Frik Els | April 23, 2012 | 9:57 pm

Rick Rule: Why I’m excited about this gold market

After a reasonably long period of sustained and occasionally dramatic escalations, commodity markets in general, and precious metals markets in particular, have declined. This is normal and healthy behavior, even if it is uncomfortable for some market participants.

Casey Research | April 23, 2012 | 9:40 pm

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