Polish copper producer KGHM appoints new CEO

The U.S. largest bank still plans to perform"traditional” activities in commodities such as financing, hedging, trading warrants on the London Metal Exchange and the vaulting of precious metals.

Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.

Last week we argued that the underperformance of the gold miners during Gold’s rebound was a bad sign.

Winners were few and far between Friday, but punters couldn't resist Nevsun Resources stock after low-cost high-grade Eritrea mine delivered on all counts.

According to The Times, Rio flagged the possibility of a writedown in August.

The miner blamed low metals prices and productivity inefficiencies for the decision.

Gold price below $1,200, silver falls to 56-month low.

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

Woo served as a U.S. State Department representative in Asia for about 15 years with postings in countries including China, Japan and Australia.