Scotland approves controversial coal mine
The mine is expected to produce 10 million tonnes of coal over 10 years.
The mine is expected to produce 10 million tonnes of coal over 10 years.
Mining giant showed the door to an unconfirmed number of contractors at its Argyle diamond mine and is planning job cuts at its coal operations.
Investors are buying heavily into the stock market, while gold and silver are languishing. This is the perfect time to be rebalancing a well-diversified portfolio.
Resolution Copper mine —a 55%-45% joint venture between Rio Tinto and BHP— is expected to create 3,700 direct and indirect jobs and bring over $61 billion in economic benefits to Arizona over its 66-year life.
With gold and silver equities markets as volatile as ever and assets of many miners valued at pennies on the dollar, Eric Muschinski, editor of the Gold Investment Letter, believes being on the right side of the emotional curve when investing is critical.
"We are already at the point where production will drop by around a million tonnes next year regardless of any actions that can be taken now,” said the company.
If approved, Resolution Copper mine is expected to create 3,700 direct and indirect jobs and bring $61.4 billion in economic benefits to Arizona.
2013 will be an important year for the development of rare earth elements (REEs) in China and abroad.
Heavy and relentless selling by American futures speculators has been one of the primary drivers of gold’s horrendous year.
Sunnier data may require the Federal Reserve to taper sooner.