Argentina's government tightened controls on imports of equipment and supplies by mining companies on Monday in a new measure to boost the trade surplus and foreign currency stocks.
For many years now gold and silver -by its pattern of following gold wherever it goes- have been treated by traders, investors and central banks as a 'counter to the U.S. dollar' and quite rightly so; this definition, however, applies primarily to the long-term value of the dollar and not simply to the daily gyrations of the dollar's exchange rate.
A meeting of top South African mining stakeholders is to take place in Midrand involving mining companies, trade unions and government with the intention of finding a consensual way forward for the country's key mining industry.
"Space is big. Really Big. You just won't believe how vastly hugely, mind-bogglingly big," as the Hitchiker's Guide to the Galaxy once noted. About the only thing nearly as big, it seems safe to say, are today's hopes of making money exploring space.
Australian copper producer OZ Minerals has struck a deal with Canada's International PBX Ventures for a 90% interest in the Copaquire copper-molybdenum property in Chile.
Aquarius Platinum said its Mimosa mine has not been affected by the recent directive from the Reserve Bank of Zimbabwe regarding the suspension of banking services for certain mining companies.
Canadian miner Selwyn Resources (CVE:SWN) stocks were falling almost 17% this morning as the company said it was evaluating a smaller tonnage mine plan for its flagship zinc and lead project in Yukon, northern Canada.