USGS releases first study to assess global earthquake risk to mineral supplies
Earthquakes have the potential to substantially affect mining operations, leading to supply chain disruptions that adversely affect the global economy.
The decision to hold a referendum on the euro zone debt deal is roiling the markets.
S&P/TSX Composite Index is down 1.68%, and the TSX Venture Exchange has lost 2.65%. Spot gold fell from yesterday’s close of $1,715.10 and is currently trading at $1,707/oz.
Gold majors Newmont Mining declined 2.06% and Barrick Gold slid 2.16%.
Prime Minister George Papandreou announced a surprise referendum on the euro zone deal that was reached last week.
Lawmakers have been rebelling against the deal and plan to launch a no-confidence vote on Friday. Without clear government leadership in Greece, the deal looks like it lacks necessary support and Greece could default and leave the euro zone sooner.
3 Comments
Art Biddulph
maybe it looks bad but if the referendum cancels the deal greece had the euro zone will be better off. greece dosen’t stick to what it agrees to. if they did greece wouldn’t be in this mess.
Elise
Can’t believe the Greek PM is behaving like this – I’m sure the deal was – you only get to pay 50% of your debt, the rest is gone – sounds like a dam good deal to me. What’s there to debate…
jim h
You don’t see countries commit suicide often.