Austria sending auditors to check gold held by Bank of England

Live cams are not just for watching baby eagles and monitoring highway conditions, Northland has its own where users can see how much progress the company has made on its Kaunisvaara project, an iron ore mine being built in northern Sweden.

When a 4.5% jump in stock price with 15 million shares changing hands on news of the acquisition of three new concessions is considered a dull trading day then you know you're dealing with a volatile stock. Portage Resources has gone from 2c to 65c a share in the matter of three months but the Peruvian explorer has certainly not been a one-way bet – the stock's 52-week high is $1.24. The company based in Miraflores, Lima (pictured) has been snapping up silver properties in Peru, but after announcing silver reserves worth $2.3 billion at one of them the stock has been unstoppable.

New York Times reports that Goldman Sachs' efforts to hedge its bets in commodity trades, along with fixed income and currency trades, resulted in a disappointing drop in reported income in Q2. On Tuesday Goldman reported $1.05 billion in profit in the second quarter, or $1.85 share. Analysts were expecting $2.27 a share.

South African miner International Ferro Metals said output fell 17 percent in the fourth quarter due to a scheduled shutdown of a furnace. Ferrochrome production was at 42,584 tonnes for the quarter ended June 30.

Zinc prices gained on falling Dollar and rising EURO on the back of easing tensions of US quantitative easing. Dollar has so far lost 82 pips and is trading at 1.418 per EURO.

DAYARNE SMITH Muswellbrook Shire mayor Martin Rush has urged Anglo American to tell the community if it no longer plans to pursue the Drayton South project. The company’s Drayton mine is due to close in 2015, but the company has applied for state

Outotec has been awarded another concentrator contract with Russian Copper Co. for the Miheevsky project with throughput of 18 million tonnes of ore a year. Finnish headquartered metallurgical specialist Outotec has signed a contract with ZAO Miheevsky Image from Outotec shows Kittilä gold mine, Finland.

The price of importing South African coal has fallen to be nearly on par with Chinese domestic rates, but Chinese buyers are not biting and are asking for discounts of another $4 per tonne at least, trade sources said.

The board of Polyus Gold , Russia's biggest gold producer, approved on Tuesday its development strategy, which, once implemented, will see it become one of the world's top five gold miners in 2020.