China, eurozone woes fuel risk aversion

Commodities slid on Monday, with copper hitting fresh three-month lows and oil and grains also in the red, as worries about the global economy from China to Europe pushed investors out of risky assets. Gold, otherwise a safe haven, fell too, as...

Prices dive as stimulus hopes fade; stockpiles hit oil

Commodities fell across the board on Wednesday, with a surge in US crude stockpiles pressuring oil and as investors worried about the demand outlook for raw materials if there is no U.S. monetary stimulus this year. US gold, copper and wheat...

Global economist returns to speak at 2012 indaba

The world economy is currently a mixed picture. The US economy could have a growth rate as high as 4% during the fourth quarter; however Europe is sliding into recession, reports economics advisory company David Hale Global Economics.

Company Announcement: October sets new record for iron ore swap volumes, as spot prices collapse

The volume of iron ore swap contracts cleared in October surged to another all-time high, smashing the previous record set in August.

Indaba to highlight key issues

At one of the world's largest gathering of mining’s most influential stakeholders and decision-makers, several international keynote speakers will be presenting their opinions and outlooks at the Mining Indaba 2011. The Indaba, which is being...

China REE quota reductions not unexpected - analyst

China’s announcement on Tuesday of a 35% cut to rare earth element export quotas in the first half of 2011 was in line with expectations, an analyst at Technology Metals Research said on Wednesday. The country, which accounted for over 95% of...

Company Announcement: Alliance to bring together GTL Energy’s revolutionary technology for beneficiating low rank coal and Roberts & Schaefer’s 100 year history in coal beneficiation.

Attached please find a press release on: GTL Energy Ltd, an Australian-based technology company, and Roberts & Schaefer, a US-based engineering and construction company with offices in Chicago, Salt Lake City, Australia, Indonesia, Poland, India,...

Sask Premier Wall throws 'branch office' comments back at BHP

Brad Wall, the Premier of Saskatchewan, ramped up his campaign against BHP Billiton's hostile takeover of Potash Corp of Saskatchewan on Monday, repeating calls for the federal government to block the deal. Wall also put out a news release citing...

Potash Corp evaluates 'several alternatives'

Potash Corp of Saskatchewan, which is the subject of a hostile takeover offer from BHP Billiton, is "evaluating several alternatives", the company said on Wednesday. Potash Corp has rejected BHP's $130 a share offer as too low, and has said it is...

Benefits of Jansen project would outweigh deferred tax – BHP

The benefits to Saskatchewan from the construction and operation of the province's first new potash mine in four decades would offset the negative implications of deferred tax payments, mining giant BHP Billiton said on Thursday. The company was...

McEwen still forecasting $5 000/oz gold

The gold price, hovering at record levels, could reach $5 000/oz by 2014, former Goldcorp CEO Robert McEwen said on Monday. Central banks having to print money to fund large deficits was the main driver behind this, he said.

BHP studied bid since May, reiterates plan to exit potash cartel

BHP Billiton started studying a potential combination with Potash Corp in May this year, according to a regulatory filing. The firm has gone hostile with a $130 a share offer ($40-billion on a fully diluted basis) for the Saskatchewan fertiliser...