MINING.COM

US Senator warns copper ETFs would ‘undoubtedly’ increase the price

The letter sent to the SEC by Senator Carl Levin, a Michigan democrat, states this type of investment vehicle in copper would also make the market “more susceptible to squeezes and corners by speculators”.

Frik Els | July 17, 2012 | 10:24 pm

AuRico dives 12% over Mexico production problems, announces new CEO

AuRico Gold Inc. (NYSE:AUQ) shed 12% on Tuesday on massive trading volumes, after its preliminary operational results for the second quarter provided a few nasty output surprises and its CEO stepped down.

Frik Els | July 17, 2012 | 8:26 pm

Infographic: copper, the essential metal

Copper is one of the most widely used metals on the planet, and has been for more than 10,000 years. Visual Capitalist has created an infographic on red metal's use throughout history.

Joshua Zapf | July 17, 2012 | 7:12 pm

First Quantum suspends operations in Mauritania

First Quantum Minerals has announced it has temporarily suspended normal operations at its Guelb Moghrein copper-gold mine in Mauritania due to illegal strike action by some unionized employees.

Joshua Zapf | July 17, 2012 | 6:59 pm

Here is China’s Bridge to Nowhere. It also happens to be the world’s longest

Simply put, China has built too much, too quickly.

Frik Els | July 17, 2012 | 6:40 pm

Climate scientists want ‘serious’ State Dept. review of oil sands emissions

Ten widely cited climate scientists say the State Department’s review of the proposed Keystone XL pipeline should include a “serious” evaluation of how enabling Canadian oil sands development will affect the planet’s climate.

The Hill | July 17, 2012 | 6:11 pm

Dear gold, thanks for the diversification

Research just out from the World Gold Council, titled ‘Gold as a Strategic Asset for UK Investors’, adds to the evidence that gold investing adds diversification to a portfolio like nothing else.

Will Bancroft - The Real Asset Co | July 17, 2012 | 4:47 pm

Iron ore falls through $130 as Chinese steel price hits 2012 low

A build-up in steel inventories and a steep drop-off in demand as China's building boom begins to look more and more unsustainable send iron ore down 3.4% in just the last week and more than 25% below the $174 a tonne struck this time last year.

Frik Els | July 17, 2012 | 4:11 pm

Rio iron ore output hits record amid ‘marked drop in sentiment’

Chief executive Tom Albanese says: "We are keeping a close eye on the pace of the US recovery, the continuing Euro-zone crisis and the impact of efforts to stimulate the Chinese economy on the markets that we serve."

MINING.com Editor | July 17, 2012 | 3:19 pm

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