Monday, September 29, 2014

Large investors, retail buyers abandon gold market

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Mining News Digest
Tuesday 30 September 2014
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Holdings in gold-backed ETFs fall to five-year low while hedge funds cut bullish bets on the gold price 20% to lowest since January.

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Jay Taylor doesn't beat around the bush—he believes the price of gold is being suppressed to support the U.S. dollar and underwrite American foreign policy.

Coal currently generates about 36% of global electric power, according to the energy watchdog.

Each of the diamonds in the ring is laser inscribed with a serial number,.

North American oil and gas companies experienced a severe correction this summer, following a run-up through the first half of the year.

The diamond was soon recovered and returned to its owner.

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With an annual capacity of 2.8 million tonnes the mine is expected to help feed the country's starved power stations.

The new resource expected to encourage a more efficient use of coal, which has been blamed for the nation's severe air pollution troubles.

The iron ore producer warned it did not have sufficient cash to operate Marampa, its only mine.

Moves seeks to establish Singapore as centre for precious metals after the government removed 7% goods and services tax on investment-grade gold, silver and platinum in October 2012.

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Viktor Belyakov has resigned from his position as Chief Financial Officer of one of the world's largest potash producers.

Engineer/environmentalist explains why 'frack' shouldn't be considered a dirty word.

Ousei

The Crowsnest Pass in southern Alberta hasn't seen a working coal mine in decades, but an Australian company has a plan to change that.

Uranium mining hopeful Toro Energy has signed a farm-in joint venture deal with nuclear powerhouse AREVA Resources.

The Australian coal sector continues to contract sharply, with hundreds of workers at another Queensland mine set to be told of imminent job losses on Tuesday morning.

Northwest Territories, the northern Canadian region known for diamond mining, is giving a leg up to exploration companies through an incentive program it first rolled out in June.

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