Calling gold the ultimate money, Jay Taylor, editor of Jay Taylor's Gold, Energy & Tech Stocks, watches the real price of gold with a gimlet eye. In this exclusive Gold Report interview, Taylor shares promising names in each of the four categories in his model portfolio.
ABB, the leading power and automation technology group was recently awarded a five-year ABB Full Service® contract with Namibia Custom Smelters (NCS), to manage and improve all maintenance activities at their copper smelting and converting plant in northern Namibia.
A UK Labour MP has moved an “early day motion” in the House of Commons seeking a debate on mining in the Indian state of Goa, calling upon the British government to urge local authorities to address the issue as a matter of urgency.
First Quantum Minerals has announced it has temporarily suspended normal operations at its Guelb Moghrein copper-gold mine in Mauritania due to illegal strike action by some unionized employees.
Much of the selling pressure in the gold market can be attributed to the current strong US dollar which I believe is a total aberration. Since May this year, the greenback has gained more than 6% against a basket of major currencies despite a slew of poor economic data.
Protestors at Australia's Olympic Dam mine, which is perched on top of the world's largest known deposit of uranium, have managed to smash through the perimeter gate of the mine and enter the site itself.
Citic Pacific Mining executive chairman Dongyi Hua says "soaring demand for Australian food, particularly beef, among China's 100 million wealthy people could buffer Australia's economy from the effects of an end to the mining boom" particularly given the risk that iron ore prices could fall further.
Whether it's raising islands, splitting mountains or extracting resources; people are constantly changing the face of the planet. Miners have made some of the largest holes in an effort to move ore to mills.
Investor fears about mining stocks are misplaced especially if those companies are mining in Mongolia. The country home to the largest copper deposit and this Gold Report explains why there is potential for dozens more similar finds.
The Democratic Party which campaigned on sharing more of the spoils of mining with Mongolian citizens won the majority of seats while the junior partner in the new ruling coalition, the MPRP – led by a former president Nambaryn Enkhbayar – bases its whole doctrine on taking back foreign-owned mines.