While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F.
US-based precious metals producer Coeur d'Alene Mines Corp said Monday it would evaluate strategic and operational alternatives for its silver and gold Martha mine in Argentina to reduce its high operating costs during the rest of the mine’s short expected life.
London-based Anglo American and Chile's state-owned Codelco did not came to an agreement on Friday over disputed copper assets which has had the miners engaged in a bitter legal confrontation for months.
Peruvian authorities met Thursday with representatives of the town of Espinar in southern Peru, to resolve a conflict between the community and Xstrata’s Tintaya copper mine, which they accuse of polluting their land and water supplies.
The slide in the spot price of gold triggered by disappointment over the Fed's actions – or lack thereof – yesterday accelerated in Thursday trade with the precious metal giving up $50 or just over 3%.
Canada's embattled Nautilus Minerals dropped 11.5% on Wednesday after Papua New Guinea said it is within its rights to terminate a deal made last year for the development of the world's first commercial seabed mine.
Australian PanTerra Gold restarted operations at its Las Lagunas gold and silver project, in the Dominican Republic, adding that the feed issues to the Albion carbon-in-leach processing plant had been resolved.
London-based Anglo American (LSE:AAL) and Chile's state-owned Codelco have set this Friday as the deadline to resolve a dispute over billions of dollars in copper assets.
