Russia’s Nornickel terminates agreement with Botswana’s BCL on asset sale

Investment banks says it's time to short gold.

The firm no longer expects to complete its $7.3 billion (and climbing) project in four years.

Fiscal third-quarter profit dropped 61% to $71.3 million, or 71 cents a share, down from $183.2 million, or $1.71 a share, a year earlier.

Demand for Caterpillar's construction equipment and machinery has been slipping globally since the last quarter of the 2012 fiscal year.

It has given 20% to 20 local groups, 3% to black entrepreneurs and managerial employees, and another 3% to historically disadvantaged South African staff.

After flirting with a five-year low for about a month, the iron ore price fell to the lowest price since October 2009.

But some of the nation's resources that are considered among the world’s largest, such as the Simandou iron ore deposit, face both financial and political challenges.

There's a history there of course. Just ask Mick Davis.

President Danilo Medina vetoed bill creating a National Park, which would have blocked the expansion of Glencore's Falcondo mine.