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LATEST Mineweb  

Premier mining and commodity investment news

HK collector pays $33m for Sotheby’s blue diamond

21 Nov 2014 /    
The collector saw off six other bidders to set a new record price-per-carat for any diamond.

Wall Street Banks dumping some physical commodities units

21 Nov 2014 /  Dorothy Kosich  
Several witnesses indicate they could support increased regulation of their activities.

Iron ore heads for fifth weekly loss on glut

20 Nov 2014 /    
Prices are trading near the lowest since 2009 on concerns that slowing growth in China will hurt demand.

Returning to a gold standard – why and how

20 Nov 2014 /    
Fraser Murrell delves into the history of the Gold Standard and how a modern day version could be put in place.

Senate panel to grill Wall Street bankers on commodities activity

20 Nov 2014 /  Dorothy Kosich  
After a two-year probe, a U.S. Senate subcommittee is holding 2 days of hearings to question bankers on commodities activity.

BHP Billiton’s iron ore margins still good

20 Nov 2014 /  Reuters  
BHP is confident of at least maintaining its dividend even at current weak commodity prices.

Cliffs may close Bloom Lake iron ore mine

20 Nov 2014 /    
Cliffs may close the Quebec mine as it struggles to find investment to expand the project.

Foreigners flock to mine gold illegally in Colombia

19 Nov 2014 /    
Colombian police say the number of foreigners involved in illegal mining is on the rise.

Harper govt. expands support for offshore Canadian mining

19 Nov 2014 /  Dorothy Kosich  
The Extractive Sector Strategy builds on Canadian government’s plan for responsible resource development both domestically and abroad.

Physical silver demand to drop 6.7% in 2014 – GFMS

18 Nov 2014 /    
Physical demand for silver will drop 6.7% this year, driven by a slump in coins and bars, says Thomson Reuters GFMS.

De Beers-Namibia JV seeks to prolong diamond mining to 2050

18 Nov 2014 /    
The JV intends to mine the precious stones on land and from the ocean until at least 2050.

Uranium climbs to highest since Jan 2013

18 Nov 2014 /  Ben Sharples (Bloomberg)  
Demand from utilities is driving prices higher after uranium entered a bull market in September.

Electricity from fuel cells sparking demand for platinum

17 Nov 2014 /    
Amplats is seeking to boost platinum demand with systems that produce electricity in remote areas.

Brazil’s Vale announces new iron ore chief

17 Nov 2014 /    
Jose Carlos Martins is leaving the company and will be replaced by Peter Poppinga.

China trade pact to deliver relief for Australian coal mines

16 Nov 2014 /  James Paton (Bloomberg)  
China is expected to exempt the miners from import tariffs as part of the new trade accord.

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