Canadian premiers say Energy East pipeline a ‘nation-building’ exercise

In a statement released to the Johannesburg stock exchange Monday, Gold Fields Limited said that production at its Cerro Corona mine in the Cajarmarca province in Peru has to date not been affected by the continuing protest actions against Newmont Mining and Buenaventura's proposed Conga gold mine.

Interfax-China reports that about half of China iron ore miners – mainly small and medium-sized firms – have suspended production in the face of dwindling profit margins.

Forbes reports billionaire investor George Soros is placing a very particular bet on gold by buying $40 to $50 million in shares of a Chinese jeweler ahead of its $2.8 billion IPO. Founded in 1929 Chow Tai Fook is bigger than Tiffany’s and is named after founder Chow Chi Yuen and “Tai Fook” means fortune, prosperity and luck in Chinese.

Reuters reports protestors abandoned roadblocks on Saturday after police were called in to secure access for basic goods to Cajamarca on day 10 of the conflict over Newmont Mining’s proposed Conga gold mine in northern Peru.

Rio Tinto's chief executive Tom Albanese said on Saturday that he would lobby Canada to ensure it was the operator of the Roughrider uranium project in Saskatchewan, despite legal hurdles, after its successful takeover of Hathor. At the start of December, Rio emerged the winner after beating out world number one uranium miner, Canada's Cameco, with a $643 million bid for the explorer.

Tom Albanese says "assumptions that the floor price would not go much below $120 a tonne might be valid next year but not long beyond that."

Nepal Gold and Silver Entrepreneurs’ Association has called for the closure of all shops selling and buying gold and silvers in the capital on Sunday. Gold and silver entrepreneurs took the decision to this effect in a bid to protest against the murder of a 25-year-old jewellery craftsman Jujubhai Bajracharya by an unidentified gang.

Forbes reports billionaire investor George Soros is placing a very particular bet on gold by buying $40 to $50 million in shares of a Chinese jeweler ahead of its $2.8 billion IPO. Founded in 1929 Chow Tai Fook is bigger than Tiffany's and is named after founder Chow Chi Yuen and “Tai Fook” means fortune, prosperity and luck in Chinese.

Lonmin joined AngloPlat and Implats, this week signing a far-reaching two year wage pact ensuring a steady supply from Southern Africa where 75% of platinum is produced. The price of platinum has crashed from $1,915/oz in August as PGMs come under pressure due to sagging demand from the automobile sector which is slashing use of the precious metals to cut costs. And miners reducing supply to up prices is unlikely say analysts.