French nuclear giant Areva says it is in talks to sell its 26% stake in major nickel miner, Eramet (formerly Soc. Le Nickel) with major operations in New Caledoinia.
The latest moves towards trade in Chinese yuan sounds the early death knell of the dollar as the world's global reserve currency with gold likely to return to the monetary system as a result.
The head of research for China's Central Banl says that the country should buy gold as the only safe place for risk averse investors when other assets are losing value
China has set the first tranche of rare earths export quotas for 2012 with more in reserve for firms that have not yet passed inspections. The biggest producer Baotou Rare Earth is still awaiting environmental approval
Strikers at Freeport's massive Grasberg copper-gold mine in Indonesia who are supposed to go back to work this week after 3-months out may be delaying return over suspended workers.
