Gold

Worries about China and the possibility of a hard landing weighed on markets and commodities.

The media is now fixated on an apparently new feature dominating the economic landscape: a "fiscal cliff" from which the United States will fall in January 2013.

Despite the recent deadly and divisive disputes over mining projects in Peru, London- based mining giant Anglo American says it hopes to begin construction of its $3 billion Quellaveco copper project in the country as soon as possible.

A previous report inferred the mineral resource estimate of the Ontario-based project to be 32,169,000 tonnes at a grade of 1.14 g Au/t, and 1.18 million ounces of contained gold.

If a recent 43-101 report proves accurate, the next round of drinks may be on controversial Vancouver gold mining promoter Frank Callaghan.

The LIBOR scandal rolls on in the UK, eagerly observed by the rest of the world.

PMI Gold announced that it has entered into an agreement with Midras to acquire the mining lease to the Company's flagship gold project in Ghana.

Candente Copper will be allowed to resume its exploration and feasibility drilling at its Canariaco project in Peru, after the local community of San Juan De Kañaris voted in favour of granting surface access to the company on Sunday.

New research released Monday indicates that listed mining and resources companies across the world are keen to comply with the UN’s Guiding Principles on Business and Human Rights, which were officially adopted one year ago, but must keep up the momentum in order to maintain public confidence in their efforts.