Scotland closer to having its first commercial gold mine

“The U.S. seems to be the only country right now that doesn’t mind having a strong currency.”

"I'm sure we'll lose a few banks here and there."

International Construction Products alleges Big 3 manufacturers are colluding to keep the 1-year old company from selling cheap Chinese equipment in the US.

It’s a common stat in the sector: only 1 in 1,000 discoveries becomes a mine. But David Harquail, president and CEO of Franco-Nevada, takes that sobering fact one step farther.

The decision caps off a dreadful month for South Australia’s mining sector.

Of 35 analysts polled by the London Bullion Market Association Ross Norman of Sharps Pixley is most bullish at $1,321, but 5 others see a dip below $1,000.

The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.

According to Michael Fowler, senior mining analyst with Loewen, Ondaatje & McCutcheon, the major gold producers have gorged on debt and sold off their seed corn.

The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.