Articles by Reuters
Gold Flat As Investors Await Clarity On Fed Stimulus
Gold was little changed on Friday, as investors eyed next week’s U.S. Federal Reserve policy meeting for more clarity on whether the central bank would dial back its massive stimulus.
The Fed’s bond buying is tantamount to printing money …
Canada’s Barrick Delays Pascua-Lama Mine Start Again
Canada’s Barrick Gold Corp said it would delay beyond 2014 the startup of its Pascua-Lama gold mine in Chile and Argentina, and as a result would likely exceed its current project budget of up to …
Barrick Pays $11.6M Fine for Environmental Harm in Chile
Barrick Gold has paid a discounted $11.6-million fine for serious environmental violations at its suspended Pascua-Lama gold project, a spokesperson for the company said on Friday.
Last Friday, Chile’s new environmental regulator ordered the controversial $8.5-billion …
Chamber of Mines Expects Wage Deals After Tough Talks
Wage hike demands of up to 60% put to South African coal and gold producers by the National Union of Mineworkers are “extremely high” but agreements will be hammered out, the head of the country’s …
Zimbabwe Mining Chamber Criticises Minerals Proposals
Zimbabwe’s mining chamber said tighter proposed State control over the sale of minerals would hit Anglo American Platinum and Impala Platinum Holdings, slow down foreign investment and stunt growth in the industry.
Zimbabwe’s Mines Ministry in …
Central Banks Add to Gold Stockpiles
Gold prices are down about 12.5% since the start of April. But global central banks have been increasing their reserves of the yellow metal.
A new report from the World Gold Council shows that central banks bought …
Gold Continues its Decline, Major ETFs Selling Bullion
Gold hit a four-week low on Thursday, declining for a sixth straight day for the first time in more than four years, as investors spooked by recent price falls favoured other assets.
Prices touched a low …
Gold Ticks Lower As Equities gain, ETFs Plunge
Gold eased on Tuesday, losing its shine as an alternative investment after stock markets rallied on hopes for a steady US recovery, and as holdings on bullion exchange-traded funds slipped to their lowest in more …
Anglo’s Platinum Arm to Scale Back Job Cut Plan
Anglo American’s platinum arm, under pressure from South Africa’s government, is expected to sharply scale back plans to cut 14,000 mining jobs as part of an overhaul of the loss-making business, industry sources said on …
Newmont Profits Down, Shipments Fall More Than 10%
Newmont Mining, the largest U.S-based gold miner, reported a sharper-than-expected drop in first-quarter profit on Monday, as gold and copper shipments fell more than 10% and realised prices for the metals slid.
Consolidated all-in costs rose …
