There is an ongoing three way debate between those who believe the Fed should do more to strengthen the recovery, those who believe that the recovery is strong enough to continue on its own, and those who believe that the economy has been so fundamentally altered by the recession that no amount of stimulus can succeed in pushing unemployment down to pre-crash levels.
Finally, we have a break to the upside in both gold and silver, something that many precious metals investors have been patiently waiting for, but expected to happen.
Rio Tinto has announced it will slash staff positions by almost a fifth at its Argyle diamond mine in Western Australia.
London-based Anglo American (LSE:AAL) has joined an expanding list of coal producers making staff cuts at specific Australian operations, after it announced it will cut at least 50 jobs when its Moranbah North mine reverts back to a single longwall operation.
ermitting delays are hindering United States’ economic growth, says The National Mining Association (NMA), which estimates the nations sits on nearly $6.2 trillion worth of key undeveloped mineral resources, such as gold and copper.
Electricity enables our modern life style - the degree of dependency we have built into our lives in regards to “power on demand” has raised expectations that plentiful electricity will be available to us 24/7.
Less than 24 hours after Australia's minister for resources and energy declared that the country's mining boom had come to an end, he appeared saying he was misinterpreted, and that the resources industry is still moving ahead.
Canada’s federal government opened a can of worms Wednesday after announcing that a national park, to be created in the North of the country, will be smaller to make room for mining endeavours.
Another sign of a slowing China was released today HSBC Flash China Manufacturing Purchasing Managers’ Index fell to 47.8, a nine-month low. […]
Mining is the engine room of the Australian economy, driving growth, jobs, wealth and innovation across the country. The mining sector has increased from 5% of GDP through the 1990s to 10% in 2010-2011 in Australia.