Miners in Africa Facing Soaring Costs
Labour demands in the south, power problems in the east and new tax burdens in the west: wherever you look in Africa, miners face a perfect storm of soaring costs.
Iran Using Gold, Oil to Pay for Grain
Iran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since western sanctions against Tehran started choking imports of food staples, European wheat exporters said.
Gold Prices up 1% on Greek Debt Deal
Gold prices rose 1 percent on Thursday as the euro rallied to a fresh two-month high against the dollar after Greece clinched a deal with European Union and IMF leaders needed to avoid a messy default.
Gold Prices up as Greek PM Heads to Brussels
Gold edged up along with crude oil and the euro on expectations the Greek prime minister's presence in Brussels Thursday signals a likelihood his nation will receive desperately needed bailout money.
Global Securities Tread Water as Greece Negotiates
Global securities, whether stocks, commodities or currencies, held earlier gains or losses Wednesday as the world awaited the outcome of talks between debt-choked, strife-torn Greece and benefactors demanding more tax hikes and government budget cuts in exchange for bailout money.
Gold Prices Fall on Profit Taking, Technical Resistance
Gold fell on Wednesday as technical resistance prompted investors took profits after the previous session's rally and on moreuncertainty about Europe's economy.
Burkina Faso to Use Gold Royalties for Social Development Fund
Burkina Faso plans to create a social development fund from the government's tax and royalty revenue from gold mining, the country's mines minister said on Wednesday.
Move Over Germany, Poland Is Coming
Poland's economy is on a roll, averaging a 4.4 percent economic growth over the last 20 years, and investors are taking note: The nation's bonds have been easily outperforming those of Europe's traditional economic powerhouse, Germany.
Canada Probes Goldcorp CEO in Alleged Insider Trading
Canadian securities regulators on Tuesday implicated mining executive Ian Telfer in an alleged insider trading scheme, saying he helped the main defendant in the case disguise her illegal trading activities.
Canada Probes Goldcorp CEO in Alleged Insider Trading Scheme
Canadian securities regulators on Tuesday implicated mining executive Ian Telfer in an alleged insider trading scheme, saying he helped the main defendant in the case disguise her illegal trading activities.
Ivanplats to Produce Platinum at Negative Cost - Report
Ivanplats, controlled by Ivanhoe Mines founder Robert Friedland, expects to produce platinum at negative cost at its giant Platreef complex in South Africa, potentially shaking up an industry squeezed by stoppages, rising wages and power charges.
Gold Prices Await Outcome of Greece-Troika Dance
Gold prices hovered in a narrow range Wednesday, with little support from crude oil prices or the euro and uncertainty about whether Greece will accept slightly easier bailout terms from Eurozone leaders, known collectively as the troika.
U.S. Stocks Extend Rally on Earnings Surprises; Euro Rises
U.S. stocks rose modestly Tuesday as strong earnings from Coca-Cola Co. and Yum! Brands Inc. offset concerns that Greece would default next month on a $19 billion euro bond redemption. European and Asian stocks were mixed, reflecting similar concerns.
PIMCO Leader Likes Oil, Gold over Stocks
Given the fragile state of the global economy and brewing geopolitical risks, investors should be underweight equities while favoring selected commodities such as gold and oil, Mohamed El-Erian, CEO and co-chief investment officer of bond fund giant PIMCO, told CNBC on Tuesday.
Gold Prices too Volatile to Make it an Inflation Hedge -- Study
Gold prices have been too volatile to play a reliable role as a hedge against inflation, a study of financial assets over the past 112 years showed on Tuesday.
Gold Prices Rise on Expectations of a Fix to Greece's Woes
Gold prices rose 1 percent on Tuesday as expectations that a Greek rescue deal will be completed drove the dollar down sharplyagainst the euro.
Nevsun Resources Bisha Output Drop
Canada's Nevsun Resources Ltd expects gold production at its Bisha mine in Eritrea to nearly halve in 2012 due to a cut in its reserve estimate.
South Africa Draw a Bead on Mining Executives
South Africa's mines minister said on Tuesday that industry chief executives should be held liable for avoidable fatalities, also raising the possibility of court action.
Centerra Gold's Kyrgyzstan Mine Hit by Strike
Around 1,400 workers at Centerra Gold's flagship mine in Kyrgyzstan went on strike on Tuesday, a trade union leader said, halting production that contributes nearly 12 percent of GDP in the Central Asian republic.
Gold Prices Break 2-Day Fall on Euro Gain, Volumes Light
Gold broke a two-day losing streak on Tuesday on light volume as the euro rose, but sellers matched buyers to keep the price in a narrow range.
Randgold Resources Sees Growth Potential in Congo
Randgold Resources is pointing to Congo as the next area to fuel growth for the gold sector, eyeing prospects similar to those of booming West Africa as the miner nears production for Kibali, potentially one of Africa's largest gold mines.
Atna Resources to Start Underground Production at Pinson
Gold producer Atna Resources Ltd said it plans to start commercial underground mine production in the fourth quarter at its Pinson mine in Nevada.
Harmony Gold Cuts Full-Year Production Target
Harmony Gold, South Africa's third-largest bullion miner, cut its full-year production target by 13 percent on Monday, as safety stoppages threatened to crimp a surge in profit from record gold prices.
European Shares Down after Greece Misses Deadline
European shares fell back from a six-month high early on Monday, with investors worried about whether Greece can avoid a messy default as its politicians struggled to agree austerity measures needed to secure a bailout package.
Gold Prices Retreat on Greek Default Worries
Gold prices declined Monday on concerns Greece will - despite the Eurozone's two years of efforts - default on its massive sovereign debt, with acute consequences for global economic growth.
Panoramic Resources Bids for Remaining Shares of Magma Metals
Australian nickel producer Panoramic Resources Ltd made a hostile bid for the stake that it does not already own in Magma Metals Ltd , valuing the company at about A$40 million ($43.09 million).
Stock Index Futures Pop on Unemployment Report
Stock index futures pointed to a sharply higher open on Friday after the government reported the U.S. economy created jobs at the fastest pace in nine months, infusing optimism into markets.
European Stocks Rise to Six-Month High
European stocks were up around midday on Friday, hitting a six- month high as investors cheered data that hinted the euro zone may avoid slipping back into recession, eclipsing a disappointing start to the earnings season.
Brent Crude Oil Rises above $112
Brent crude rose above $112 on Friday as Supreme Leader Ayatollah Ali Khamenei warned that the Iran would retaliate over an oil embargo at the right time.
Nikkei Falls for First Time in 4 Days
Japan's Nikkei share average fell on Friday for the first time in four days ahead of U.S. jobs data, though Sony Corp (6758.T) soared as investors hoped a new CEO would turn things around after it forecast a $2.9 billion annual loss.
