$200bn capex ambition of mining majors under spotlight

The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions supercycle slippage and demise.

Gold slumps on scepticism of EU meeting

Gold eased on Wednesday extending sharp losses made in the previous session as investors were sceptical that an informal European Union meeting later in the day would yield steps to help solve the region's debt crisis. Gold fell to as low as $1...

Gold debt funding soared in March, April – MEG

While junior and intermediate mining companies raised 17% more capital in March and April compared with the first two months of the year, increasingly tough markets will likely choke off some exploration work, Halifax, Nova Scotia-based Metals...

Gold upturn likely once Greek turmoil crystalises – WGC

An upturn in the gold price is likely once current Greek turmoil crystalises, says World Gold Council (WGC) investment MD Marcus Grubb. Current global macroeconomic concern is seen as a contributing factor to gold’s gradual fall since the end...

'When, not if' for $2 000/oz gold – Coxe

The rout in gold stocks in recent weeks has been “truly stunning”, with investors rushing out of them in a near-manic fashion, but BMO Financial Group strategy adviser Don Coxe continues to believe their fortunes will change. “When (not if)...

World’s biggest miner pulling in its horns

The world’s biggest mining company is pulling in its investment horns. BHP Billiton chairperson Jac Nasser says that the investment climate has changed since the company spoke of spending $80-billion on project growth by 2015. “As much as...

Gold hits 4-1/2 month low on Greece turmoil

Gold extended losses on Wednesday to slip to its weakest level since late December after efforts to form a new government in Greece collapsed, prompting investors to cut their exposure to the precious metal. Bullion has this year been moving in...

London copper slips to 4-month low on Greece woes

London copper fell to a four-month low on Wednesday, extending losses to a fourth consecutive session, as investors continued to shy away from riskier assets with the Greek political malaise threatening to plunge Europe into a deeper financial...

South African stocks lower as euro worries hammer miners

South African stocks inched lower on Tuesday, as gold miners such as Gold Fields were hammered by a drop in the price of bullion, although losses were limited by a rise in heavyweights Naspers and MTN Group. Investors have been dumping emerging...

SA gold miners hit by price, led by Gold Fields

Gold Fields, the world's fourth-largest bullion producer, led its peers sharply lower on Monday as the precious metal's spot price fell to four-and-a-half month lows. Gold Fields lost more than 5% at one point and at 14:15 GMT was 4.89% lower at...

Gold drops to 4-1/2-month low on eurozone worries

Gold prices fell to a four-and-a-half-month low on Monday, hit by concerns about a worsening debt crisis in the euro zone following political deadlock in Greece which fuelled risk aversion and put pressure on the euro. Spot gold hit a session low...

Copper hits near 1-month low on China doubts

London copper fell to near one-month lows on Monday, giving up early gains, as investors worried about slowing growth in top copper consumer China, which some think may need more than the unsurprising weekend cut in banks' cash reserves to...