Paulson’s annus horribilis a ‘curse’ on gold says FT

Hedge fund genius John Paulson had the worst year of his career in 2011. The FT wonders if he will start dumping gold onto the market in a dash for cash.

MINING.com Editor | January 9, 2012 | 10:39 pm

Investors poured $5.9 billion into precious metal funds last year… no thanks to Paulson

Hard Assets Investor reports precious metals ETFs enjoyed solid $5.9 billion inflows last year that brought total assets in the sector to just under $98.5 billion; a figure that represents just under two-thirds of all exchange-traded products including energy and agriculture.

MINING.com Editor | January 9, 2012 | 9:55 pm

US$5 billions worth gold reserves discovery in Ethiopia

The National Mining Corporation (NMiC), an Ethiopian private company, announced the discovery of the largest ever gold and base metal reserves in Oromia and Tigray regional states. NMiC estimates that the 550,000 kg gold reserve at Dawa Okote, in Oromia Regional State is worth almost $US 5 billions.

MINING.com Editor | January 2, 2012 | 2:16 pm

Look to Australia for new tin supply

Peter Kettle, manager of statistics and market studies at the International Tin Institute (ITI), had some interesting things to say about tin at the close of the Investing in Tin conference in London. As reported in Robin Bromby's column in The Australian, Kettle remarks that Australia could be the main source of new tin mine production in the next five years.

MINING.com Editor | December 12, 2011 | 10:34 pm

Indian politicians appeal to accusations of illegal mining

MINING.com Editor | December 9, 2011 | 2:21 pm

China iron ore demand to reach 1.13 billion tons by 2015

China Knowledge reports the Middle Kingdom could experience an escalation in the demand for iron ore according to the Ministry of Industry and Information Technology.

MINING.com Editor | December 9, 2011 | 12:27 pm

Mediterranean Resources announces $1.5 million private placement

Mediterranean Resources Ltd. announces a private placement to raise up to $1,500,850 through the distribution of up to 11,545,000 units at $0.13 per unit.

MINING.com Editor | December 7, 2011 | 1:28 pm

Philippines set to offer 30 coal projects first quarter 2012

The Philippines will offer 30 coal exploration projects in the central and northern provinces, where mining is not yet banned that may need total investments of $600 million at a tender to be held in the first quarter of 2012.

MINING.com Editor | December 3, 2011 | 10:50 am

American Gold and Silver Eagle bullion sales plummet to 2008-lows

Coin Update reports for November 2011, sales of the United States Mint’s most popular gold and silver bullion coins fell to their lowest monthly levels in years after first slowing down in October. Sales of the one ounce American Silver Eagle coins were 1,384,000 for November, down by more than 50% from the previous month and down by nearly two-thirds from a year ago while the American Gold Eagle coin sales totaled 41,000 ounces for November 2011, down from 50,000 ounces in the previous month, and down more than half last year's monthly sales.

MINING.com Editor | December 3, 2011 | 10:10 am

Copper traders bullish for first time in six weeks

Bloomberg reports copper traders are bullish for the first time in six weeks on signs that demand is still expanding as global inventories decline to an 11-month low and central banks cut funding costs to shore up growth. The last time they were bullish overall, in the week ended Oct. 21, prices surged more than 14 percent in the following five days.

MINING.com Editor | December 3, 2011 | 9:52 am

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