Newmont Mining, Indonesian Union in Talks over Protest
Newmont Mining Corp.'s Indonesian unit said on Monday it is in talks with a worker union and local government to solve a protest that blocked access to its copper and gold mine last week.
Hedge Fund Withdrawals Rise
Withdrawals from hedge funds in September fell to their lowest level since before the credit crisis, as investors nervous over traditional 'safe havens' such as the Swiss franc and gold plumped for portfolios expected to make money in all seasons.
Richline International Buying Another Jewelry Company
Jewelry company Richline International, part of billionaire investor Warren Buffett's Berkshire Hathaway, will buy its fifth small Italian jewelry brand as it plans to expand further in Italy.
Human Ancestry: The Path to Spineless Penises and Big Brains
Sometimes a little less equipment makes for a lot better romance, at least according to scientists who compare the anatomy of humans and chimpanzees.
Gold Fights Through Waves of Bad News to Close up
Gold prices fought back Friday against a powerful downdraft of worry about Europe's currency, prosperity and even unity to end the day in positive territory.
Gold on Track for Biggest Weekly Loss Since June
Gold prices pared losses in choppy trade on Friday but were still on track for their biggest weekly loss since June as some investors cashed in gains after losing confidence in the metal's ability to build on this week's record highs.
Silver Down on European Debt Worries
Silver and gold both fell Friday but the white metal was off proportionately more because unlike gold, which is a pure play store of value, silver has a significant and growing role in various industrial applications.
U.S.Court Approves $263.4M Settlement of Hecla Mining Case
A U.S. court has approved a proposed $263.4 million settlement by Hecla Mining Co. to resolve a 20-year-old dispute involving the silver mining company's liabilities for an environmental contamination in Idaho's Coeur d'Alene Basin.
Zimbabwe Still Talking with Foreign Miners
Zimbabwe is in talks with mining firms that have requested more time to table their plans to transfer majority ownership in their local operations to black investors in the country, the state-run Herald newspaper said on Friday.
Gold Falls on Profit Taking, Lack of Policy Clarity
Gold prices fell Friday as investors took profits, which in turn triggered computer selling, in an environment where the absence of a clear fiscal or monetary policy on both sides of the Atlantic made any attempt at an outlook for the yellow metal unusually dicey.
Gold Prices Tumble in European Trading
Gold prices tumbled by 2 percent on Friday, reversing earlier gains, with traders blaming heavy fund liquidation of the metal on the New York futures market, and the downward move picking up momentum as sell stops were triggered
Gold Demand to Rise Later This Year - World Gold Council
Gold demand which dropped in the second quarter of this year is expected to strengthen by the end of 2011, driven by robust jewelry consumption in India and China and recovery in investment demand, senior World Gold Council (WGC) officials said on Friday.
Gold, Silver Mining Companies Post Broad-based Gains
Gold mining companies rose Thursday in U.S. trading along with the price of the yellow metal on increased purchases of bullion, an unexpectedly downbeat unemployment report and very little evidence that the domestic economy has much energy.
SA's Wesizwe Platinum Aims for Link to Neighboring Mines
South Africa's Wesizwe Platinum will look at consolidation with neighbouring mines as it aims for full production at its new mine by 2021, its chief executive said on Thursday.
Impala Platinum Says Zimbabwe Taking Steps to Pull its License
The Zimbabwe unit of Impala Platinum, the world's second largest producer of the precious metal, said on Thursday that the Zimbabwe government had taken steps to revoke its operating license but it remained in talks with authorities.
Gabriel Resources May Cut Cyanide Levels in Romanian Mine
Canada's Gabriel Resources Ltd. may lower the cyanide levels at a long-delayed Romanian gold mine project as it seeks to secure a key environmental permit, a company official said on Thursday.
Google Buys Zagat; Price Not Disclosed
Search engine Google Inc. is buying Zagat Survey LLC, the widely used 32-year-old restaurant guide, for an undisclosed amount.
Zimbabwe Leaning on Foreign-Owned Mining Companies
Zimbabwe's government is threatening more than 50 foreign-owned mining companies with the loss of their licenses after they allegedly failed to submit acceptable indigenisation and empowerment plans.
Semafo Boosts Production Outlook of Burkina Faso Facility
Semafo Inc., a Canada-based gold mining company, said Thursday it will spend up to $125 million to increase the processing capacity of a key facility in Burkina Faso by 6,000 metric tons per day.
India's Appetite for Gold Taking New Forms
In a nation whose love for gold is legendary, financial adviser Biju Daniel is one of scores of Indians who are rethinking how they amass riches through the precious metal.
Venezuela to Produce 1.2 Metric Tons of Gold in '11
Venezuela's state gold miner Minerven expects to produce 1.2 tonnes of the precious metal this year, rising to 4.5 tonnes in 2012 as it takes a central role in the nationalization of the sector, state media said on Thursday.
U.S. Jobless Claims Rise Unexpectedly
New U.S. jobless claims rose unexpectedly last week, further evidence of a weak labor market just hours before President Barack Obama delivers a major address to Congress on the issue.
Gold up on ECB Interest Rate Decision, Physical Buying
Gold rose Thursday, rebounding from a 3 percent plunge the day before as bullion buyers made significant purchases and a decision by Europe's central bank to hold interest rates steady weakened the euro.
Miner Dies in Alaskan Facility Owned by Coeur d'Alene Mines
A worker at an Alaskan gold mine has died in an accident, according to Coeur d'Alene Mines Corp., which owns and operates the facility.
Peru Miners Start Two-Day Strike, Impact Seen as Limited
Workers at Cerro Verde in Peru launched a two-day pay strike on Wednesday but no effect on output was expected at the mine that produces around 2 percent of the world's copper, union and company representatives said.
Gold Prices Fall as Stocks Rise
Gold fell hard Wednesday when some investors took profits from the yellow metal's recent runup in price and other investors abandoned the yellow metal for stocks.
Silver Prices Clawing Their Way Back Up
Silver prices clawed their way back to near a breakeven point Wednesday after falling early in the day's session by 3.5 percent, a performance that easily outshined gold's movement in early afternoon trading.
South Korea Raids Google Offices in Antitrust Probe
South Korean antitrust authorities have raided the Seoul offices of Google Inc. as part of an investigation of allegations of unfair trade in nation's mobile-search-engine industry.
Death Toll from Carson City Shooting Rises to Five
A third National Guard member has died of injuries suffered in an IHOP shooting rampage, Carson City, Nev., authorities said Wednesday, bringing the death toll to five.
Peru Requiring Miners to Consult Locals over New Projects
Peru's leftist president signed a law on Tuesday requiring mining and energy firms to consult rural communities over new projects, a step aimed at averting conflicts that have stalled investments in recent years.
