11 countries bought just under 58 tonnes of gold in March. That compares to combined purchases of 439.7 tonnes by the world's central banks last year. That already was an almost fifty year high.
Associated Press reports that Western Kentucky Minerals is making a second attempt at getting a 700-acre surface mining operation near Owensboro approved.
Newcrest Mining, the world's No.3 gold miner, on Tuesday cut its production forecast for this year, saying its major projects had struggled to reach output targets.
It seems that investors have shrugged off the latest developments around the world, in particular the Eurozone and are looking for direction from the US Federal Reserve.
Minasco Australia has been appointed by Perth based miner, Bass Metals Ltd, for the realisation of their complete 1.5MTPA poly-metallic flotation plant facility at Hellyer mine site in NW Tasmania.
Nova Scotia's natural resources minister Cleve Higgins will have to decide soon whether an Australian mining conglomerate or a Christmas-tree family farm has the rights over eight-hectares of land in Moose River, near Middle Musquodoboit.
Canadian First Nickel Inc (TSX:FNI) shares were down almost 22% this morning (11:11 ET) to 70 Canadian cents, after the company was ordered to stop work at its key mine Lockerby by The Ontario's Ministry of Labour over safety issues.