The world's biggest mining company, may attract investment of $2 billion from fertilizer makers as well as sovereign wealth funds in its Canadian potash project, according to Deutsche Bank AG.
Diamonds still dominate the $21 billion precious stone market, accounting for 90 percent of all sales, but for the first time in decades they have a little competition from the colored also-rans in the gem trade.
Russia's first-half gold output fell 2.4 percent to 79.2 metric tons, led by a decline at Kinross Gold Corp. (K)'s mine in the Chukotka region, the country's Gold Producers' Union said today in a statement.
Sunshine Oilsands Ltd. will tomorrow begin offering shares in an initial public offering to raise as much as HK$4.69 billion ($605 million), the holder of Canadian oil-sand leases said.
Gold traders are getting more bullish after billionaire hedge-fund manager John Paulson told investors it’s time to buy the metal as protection against inflation caused by government spending.
BHP Billiton Ltd., the largest mining company, may consider selling about $10 billion of aluminum, nickel and coal mines and smelters as it trims its portfolio, Deutsche Bank AG said.
The government of Canada and the province of Alberta will outline its program for monitoring the environmental impact of the oil sands industry, an Alberta environment ministry spokeswoman said.
BHP Billiton Ltd. plans to halt bauxite exploration at its Boffa-Santou-Houda site in Guinea, the world’s biggest exporter of the ore, after prices for aluminum dropped, said Jean-Francois David, the company’s president in the West African nation.
Jan. 2 (Bloomberg) -- Gold and silver gained after reports that Iran produced its first nuclear fuel rod, spurring investors to buy the precious metal as a haven. Gold for immediate delivery advanced 0.2 percent to $1,566.37 an ounce at 5:32 p.m. in...
Dec. 27 (Bloomberg) -- Gold fell, declining to the lowest level in a week, on concern that Europes debt crisis may escalate, boosting the dollar and damping demand for commodities. Cash gold dropped as much 0.8 percent to $1,594.95 an ounce, the lowest...
Glencore International Plc, the biggest publicly traded commodities trader, ended a proposal to buy a majority stake in a South American copper project for $475 million, CST Mining Group Ltd. (985) said.
