Gold traded slightly higher Tuesday, reversing some of Monday’s losses as investors await Thursday’s key announcement from the Federal Reserve. Outside markets were slightly positive as well, with the stock indices and energy markets poised for higher closes.
The unremitting deterioration of the eurozone's sovereign debt landscape continues to fuel uncertainties about the longevity of the euro as a hard currency.
The body of a man slashed to death was found Tuesday at Lonmin’s (LON:JSE) Marikana platinum mine in South Africa's North West province, where a protracted wildcat strike has cost the life to 44 people.
Diversified mining giant Teck Resources Ltd. (TSX:TCK.A) has confessed to polluting the upper reaches of Columbia River in Washington State for nearly a century with effluent discharge from one of its BC-situated smelters.
Labour unrest spread in South Africa on Monday when 15,000 workers stopped operations at a Gold Fields (JSE, NYSE, NASDAQ Dubai: GFI) mine while few workers reported for duty in the fourth week of a stoppage at Lonmin (LON:JSE) , the world’s third largest platinum mine.
Mining companies would give their eye teeth to exploit Afghanistan’s recently discovered $1 trillion of untapped mineral wealth, but analysts warn that corruption, war and lack of infrastructure are likely to keep delaying a mining boom in the country.
