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Atlas Copco is installling turbo® Precleaners on some of its blasthole drill rigs to help prevent debris from entering the air intakes and lead to improved output and productivity.
Julian Phillips of the Gold Forecaster surmises deflation in the Euro zone would drive people into the arms of gold.
Research points to a dramatic fall in new gold discoveries which are falling well behind global production levels. This will have a significant impact on gold supply ahead.
Prior to Patrice Merrrin’s arrival, Glencore was the only remaining FTSE 100 company with an all male board.
Safer assets like gold and government bonds rose after news a Malaysian airlines jet was shot down in Ukraine.
CME Group and Thomson Reuters were named last week as the new operators of the electronic benchmark for silver.
The plan is for the Sierra Gorda mine to produce 217,000 tonnes of copper by 2018.
Second-quarter sales were up 14% year on year to $527 million and reconfirmed Polyus’ output guidance for the year.
The London Gold Market Fixing Ltd is seeking a third party to take over administration of the process, possibly signalling a move to an electronic platform.
Iron ore rose 5% to 22.8 million tonnes while copper rose to 396,400 tonnes in the first half of the year.
Iron ore production at its Marampa mine climbed 21% in the second quarter.
Firestone Diamonds plans to sell gems from its Lesotho mine in Antwerp, as it battles rivals in the Middle East and Asia.
A source close to the matter says the overhaul is expected imminently ahead of the implementation of new rules governing financial benchmarks.
One of the world’s premier mining events has changed hands as Euromoney take on the annual Mining Indaba.
A very large gold sale on the futures markets knocked the gold price down sharply, could there be more to come?
A big rise in gold and silver shorts held by the big commercial banks not seen since the 2013 gold price smashdown, could suggest a repeat is in the offing.
The annual water-treatment market for hard-rock mining may almost double to $17bn by 2019, says Bluefield Research.
Grant Angwin will succeed David Gornall who has ended his 3-year tenure at the London Bullion Market Association.
The credit will be used to finance mining projects and facility upgrades, as well as the $700m debt of KGHM International.
Trolex has supplied a Turkish company with its Sentro 8 gas detection system for installation on a mine rescue robot.
The Saudi Arabian Mining Company will invest US$210 million to own half of Barrick’s Jabal Sayid copper mine.
CME/Thomson Reuters will start testing the new process in early August, says the London Bullion Market Association.
Centamin reported a 13% drop in second-quarter output, even as it continues to ramp-up the expansion of its Sukari mine.
The Dubai Gold & Commodities Exchange will consider a silver contract after spot gold is introduced in the third quarter.
Rio Tinto and Mongolia have been at loggerheads for more than a year on the financing of the mine’s underground expansion.
The acquisition of the Finnish assets of Altona Mining will establish Sweden’s Boliden as a miner in Finland.
Has the roundtable discussion organised by the WGC on Gold Fix reform added anything significant to the debate?
The meeting, which has started at their offices near St Pauls, will take the form of a round-table debate on the reform of the London Gold Fix.
The launch of the contract has been postponed to the third quarter to ensure that the technical aspects run smoothly.
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