Bull market for base metals likely to remain intact – Rosenberg

This is almost two-thirds below a peak of $191.90 reached in February 2011, which was when huge new mines were being approved.

China’s gold imports from Hong Kong rose for a third month as increasing jewelry sales countered weakening demand for the metal as an investment amid falling prices.

The scale of the fraud alleged against the tycoon-turned-politician may double to about A$23 million.

The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.

CEO Andrew Mackenzie tells shareholders while output is still increasing at no. 3 producer, it's been three years since new spending was approved.

The Hong Kong-headquartered EGL Asia and NGGC, the state-owned, leading Chinese diamond grading laboratory, signed an agreement which renews and prolongs the close cooperation between the two institutions.

Iron ore price down more than 7% over two sessions to just above $70 as supply swamps China just as steel consumption falls for the first time in 14 years.

Deal should help bolster Australia's already strong links to Asia and the ongoing 'rebalancing' of the nation's growth towards the non-mining sectors.

And if the Chinese government stops adding to its strategic reserves the price could fall towards $2.50 a pound says new research report.