'Terrific' potash sales soon - Coxe

Almost exactly ten years ago, BMO Financial Group strategy advisor Don Coxe correctly forecast commodities were moving into the biggest bull market yet. On Friday, he said investors in commodity markets can still expect at least another two...

Riding out commodity uncertainty, producers limit output, close plants

While mining firms enjoyed massive profits last year as commodity and metals prices remained elevated in the first half of 2011, the US debt downgrade in August and the eurozone’s wobbles have brought about fresh fears.

Kinross takes a pounding on likely project delays, potential Tasiast write down

Kinross Gold’s shares plunged nearly 20% on Tuesday, after the company said it was embarking on a six- to nine-month review of the timing, costs and mining methods at its three largest projects. Canada’s third-biggest gold producer also said...

Roubini on commodity market, Alexkor posts diamonds profit, Brazil’s pig-iron demo plant

Commodities have been he only game in town in a stronger-for-longer cycle, but world-renowned economist Nouriel Roubini view expressed to a South African audience is that the down-dip risk has still to be priced in, which may present some shocks...

Commodity markets have not yet priced in rising double-dip threat - Roubini

Commodity markets were not yet fully pricing in the rising risk that a number of advanced industrial countries, including the US, could face a double-dip recession, world renowned economist Nouriel Roubini told a South African audience this week....

Increase in demand for commodities, prices slowed – Davis

The factors that gave rise to the initial commodities boom remain in force, slowed only temporarily by the financial crisis, says diversified mining company Xstrata CEO Mick Davis.

Iron-ore to stay 'very tight' - Vale

The biggest iron-ore producer, Vale, said on Thursday the market for the steelmaking ingredient will be “very tight for the next six months”. Ferrous Minerals executive José Carlos Martins said that global steel production was back to the...

Pundits aplenty as gold eyes $1 200/oz

As the gold price sets its dogged eyes on the $1 200/oz mark again, there’s no shortage of bulls and bears barking from the sidelines. The precious metals price predictors at GFMS ruffled more than a few feathers in saying there are risks to...

Medium-term gold outlook favourable, but bull run not guaranteed – GFMS

London-based metals consultancy GFMS said on Monday that while the price of gold would likely be favourable in the medium-term, the path to this may not be smooth, and may feature a brief dip in advance of longer-term strength. The recent spike...

Official gold sales head for lowest level since 1994 – GFMS

Net official sector 2009 gold sales were heading for their lowest level since 1994, precious metals consultancy GFMS said on Monday. Releasing its official-sector gold activity report, GFMS estimated that net official-sector gold sales in the...

Gold price of $2 300/oz ‘would not be surprising' - US Global

A rise of the gold price to $2 300/oz "would not be surprising", US Global Investors portfolio manager Ralph Aldis said on Wednesday. Aldis told the Mining Indaba in Cape Town that, if history was an indicator, there might be only five more...

Record demand for gold as investors seek haven from turmoil - WGC

The dollar demand for gold has reached an all time quarterly record of $32-billion in the third quarter of 2008, as investors around the world sought refuge from the global financial meltdown, the World Gold Council (WGC) said on Friday. This...