Surging mistrust of the euro during the debt crisis fed a campaign to bring Germany’s entire $141 billion gold reserve home.
Musongati ranks as one of the 10 largest known nickel deposits that have yet to be developed.
Mongolia’s tax authority claims a Rio Tinto unit has unpaid taxes and charges associated with the giant Oyu Tolgoi mine development.
‘We believe that the critical situation in the Middle East will continue to support gold,’ says one analyst.
Meantime, gold and silver are set for a pause followed by gains today, says Julian Phillips of the Gold Forecaster.
South Africa’s labour court ruled on Monday that mine union AMCU could not strike in the gold sector.
Recent successes in developing shale gas and oil have led some campaigners to imply the world could do without coal, writes John Kemp.
AMCU members will meet in Rustenburg today, where they will be updated on wage talks by the union’s leadership.
The $4 billion Sierra Gorda mine will start operating in June, KGHM CEO Herbert Wirth told Bloomberg Businessweek.
The four suspected illegal miners were found dead on Saturday with gun shots wounds to the head.