Doom and gloom economist Nouriel Roubini appears to be more than a little fallible in his predictions in the past three years, so should one take his latest twitter anti-gold gibe as a buying indicator?
British Columbia-based Imperial Metals Corp has been granted a mining permit for its Red Chris copper-gold project, which gained provincial and federal environmental approvals in 2005 and 2006, respectively.
A recent turn of events in an escalating fight between Baja Mining and dissident shareholder, Mount Kellett Capital Management, might seem to share a little of the plot from William Shakespeare's Julius Caesar: Faithful directors once opposed to this very dissident group that has demanded a shakeup of management and directors suddenly cross the line to support the very force trying to oust incumbents to which they were once loyal.
In a new prefeasibility study Sunridge Gold pulled four deposits together into a single mining scenario at its Asmara copper-zinc project in Eritrea for the first time, giving it added minelife and net present value.
Glencore CEO Ivan Glasenberg told a conference in Switzerland that mining companies will fight resource nationalism by pulling out of countries where they feel demands are too onerous.
The tale of Eritrea's first major miner, Nevsun, which has had mixed fortunes this year and gold explorer, Andiamo Exploration, whose chairman has been a long time believer in the country's mineral potential.
With prices having fallen nearly 2% so far this week, traders again took to the sidelines on Friday ahead of key payrolls data out of the U.S. later in the day.
CEO German Pikhoya says he hopes the premium listing in London will happen in the near future after the gold miner sold stakes to China's CIC and Russia's VTB bank this week.
Avanti Mining (TSX-V: AVT) put legs under its business plan to sell a silver stream from its Kitsault molybdenum project in BC, Canada, outlining results of metallurgical tests that show it could recover substantial amounts of silver in a lead-silver concentrate with few modifications to its proposed processing circuit.
