Silver

Three lawmakers from President Ollanta Humala’s ruling Gana Peru party resigned on Monday over the government’s handling of protests against -Xstrata last week, warning that social and environmental protests are threatening billions of dollars of mining projects.

At the moment the draft legislation requires mining companies to disclose on a project-by-project basis what they pay local officials in foreign countries.

Canada topped the global mining and metals sector as the number one target destination by total deal value in the first three months of this year, says international firm Ernst & Young.

After making a deal to combine with privately-held Absolute Gold last May, GoGold Resources (CVE:GGD) has now filed a NI 43-101 showing the mineral interests it acquired from Absolute are a resource containing 37.1 million ounces of silver equivalent and 741,000 ounces gold equivalent.

The national government should promptly address uncertainties now hounding the mining industry due to the former’s unclear policy towards the sector the Chamber of Mines of the Philippines says.

The first Canadian mid-market chief financial officer (CFO) survey published today by GE Capital, shows that local metals and mining companies are extremely positive about the current state of the industry, but less optimistic about the state of the world economy.

In my email this past week was a missive from the news-editor of Mining.com. He passed on a letter sent to him for possible publication. I repeat the entire letter below. It has the edge I like. It has the honesty of an old man about to retire: I respect that. It has the frustration of change; and we all know the feeling.

The main source of silver to the Spanish crown during the 1500s, the Mexican state of Zacatecas is again enjoying the attention of foreign investors.

Is gold preparing for another shot up to $2,500/ounce heights or on the way down after being overbought?