GOLD 1277.54 $/ozChange: 2.59
PLATINUM 1421.00 $/ozChange: 0.80
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R/€ exchange 14.21Change: 0.03
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Back Forty gold/zinc project, US Restricted

The new preliminary economic assessment completed on the Back Forty project incorporates a revised mine plan.
22nd August 2014

Significant PGM prospects at Burundi project

PLATINUM PRESENCE Musongati has a significant concentration of platinum-group metals, with an indicated total of 394 parts per billion (ppb) of platinum and 778 ppb of palladium  Having been granted a mining licence in May to exploit the Musongati deposit, in Burundi’s Rutana province, exploration and development company Burundi Mining Metallurgy (BMM) – which is 91% owned by international investment corporation Kermas...
22nd August 2014

Starcore to buy American Consolidated Minerals in all-scrip deal

The TSX-listed stock of precious metals producer Starcore International on Wednesday closed up 22.58% after the company announced that it would buy explorer American Consolidated Minerals in an all-scrip deal. Starcore explores, extracts and...
20th August 2014

BHP profit increases to $13.4bn in 2014

Diversified miner BHP Billiton has reported a 10% increase in profit for the full year ended June, driven by $2.9-billion productivity-led volume and cost efficiencies. The miner, which on Tuesday also announced the demerger of its aluminium,...
19th August 2014

India seeks US help in seismic study under energy security collaboration

The Indian government is seeking US help in completing seismic studies across the entire sedimentary basin as part of Indo-US collaboration on energy security. Indian Petroleum and Natural Gas Minister Dharmendra Pradhan requested the help in...
19th August 2014

CME backs foreign investors after Palmer's attack on China

The Western Australian Chamber of Minerals and Energy (CME) on Tuesday called on Australian politicians to ensure that Australia remained an attractive destination for foreign investment, defending the foreign investors as critical role players in...
19th August 2014

Cause for concern as ‘rebranded’ silver fix goes live?

Several bullion dealers and analysts have in recent days voiced their opinions after the new London Bullion Market Association (LBMA) Silver Price was launched on Friday, arguing for increased transparency. Bullion dealer Sharps Pixley CEO Ross...
18th August 2014

Silver market ushers in new era of electronic price benchmarking

In a move to increase transparency and the number of direct market participants, the silver market on Friday adopted a new electronic price-setting mechanism. The new electronic benchmarking mechanism brought an end to the 117-year-old ‘London...
15th August 2014

BHP Billiton says demerger of assets its preferred option

Mining giant BHP Billiton said on Friday that a demerger of selected assets was its preferred way of simplifying its portfolio. The miner, which has been undertaking a portfolio simplification programme over the past decade, and is pursuing...
15th August 2014

Coal processing plant, US Restricted

The project entails the construction of a fine-coal processing plant in Eastern Pennsylvania.
15th August 2014

Q2 gold demand down 16%, market pulls back from ‘exceptional’ 2013

Global gold demand declined by 16% year-on-year to 964 t during the three months ended June, as the gold market pulled back from the exceptional levels achieved in 2013, the latest World Gold Council (WGC) Gold Demand Trends report has shown. WGC...
14th August 2014

South Africa's coal clean-up digs deep with gasification

South Africa produces almost all of its power from coal-fired plants that pollute the air with dark clouds of smoke and fail to generate enough electricity to avert blackouts. Now, if scientists are right, coal in the future could produce...
14th August 2014
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