Queensland base metal miner, Kagara Mining, said 130 of its staff were becoming redundant after the company posted an A$48.9 million loss in the first half of its financial year.
In Latin America the decade-long bull run for mining and hydrocarbons is mostly behind us, according to Jason Press, a regional specialist analyzing equities for Citigroup.
Adrian Ash at BullionVault picks up the story in the FT that looks at massive gold buying in China over the last quarter of 2011, and the possibility that the People's Bank of China may be behind the buying.
To avoid Greece defaulting and exiting the Euro, European Central Bank officials have been trying to square a circle. They are funding a bankrupt country, avoiding expansionary monetary policy that the Germans hate and trying to avoid crippling haircuts to holders of Greek debt.
Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to announce that it has completed its previously announced bought deal public offering of common shares. In addition to the 8,600,000 common shares the underwriters initially agreed to purchase, the underwriters, led by BMO Capital Markets and CIBC, purchased all of the 1,290,000 common shares available for issuance pursuant to the exercise of their over-allotment option.
This week's 60 Minutes examines why gold has become so important to India and what significance it plays in weddings and rituals. And story like this lends itself to some pretty good visuals.
Gordon G. Chang, gloomy prognosticator on China, digs into trade numbers on copper and believes the Chinese are buying copper to gussy up their trade deficit numbers, rather than having a real need for the metal.
Keepers of the influential blog Econbrowser revisited some reasons why a return to the gold standard might not be a good idea after presidential aspirant, New Gingrich, said last week that he would set up a commission to investigate the idea.