Kinross CEO Tye Burt said the company's technical understanding of the orebody "has grown substantially" at its controversial Tasiast gold project in Mauritania in West Africa.
As investors in India look to bolster their investment portfolio and look for options outside the stock market, demand for ETFs that invest in gold doubled in 2011 and is forecast to rise further in 2012.
Venezuela's President Chavez has annoiunced that Chinese investment company CITIC will help develop the potentially extremely large Las Cristinas gold project which has been withdrawn from Crystallex.
The LME Board is considering adjustments to its proposed new fee structure which has met with opposition from member companies, but will also affect earnings projections by prospective bidders for the Exchange.
It is no secret that First Uranium is in a pickle. Releasing a forecast that shows its cash will run out by the end of March will be cold comfort to shareholders and creditors alike.
The gold price climbed for a second day Tuesday to $1,736.84/oz, helped by a brief rally in the euro after Greece secured its second round of bailout funding.
Taiwanese steelmaker, China Steel, will pay $104 million to invest in a coal mine in Australia and take rights to 10% of the future output, in a move to counter the impact of higher coal prices.
Bank of China International (BOCI) is on track to become the first Chinese member of the London Metals Exchange - giving the bourse a boost while it is considering possible takeover bids - following authorisation by the UK financial regulator.
The impending carbon price has done nothing to deter investment in the coal industry, with spending on exploration surging faster than any other mineral commodity.
At last count four law firms say they are filing class action lawsuits stemming from Kinross Gold's decision to take a non-cash goodwill impairment charge of nearly $3 billion.
