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EUROPE AND MIDDLE EAST
Anglo American approves capex to 2014
Wednesday , 16 May 2012The London-based mining group plans to increase output by more than 50% by end 2014 as it bets demand for the commodities it produces will be buoyed by Asian economic expansion.
Gold dented as dollar profits from Greek worries
Wednesday , 16 May 2012The gold price got sucked into a broad-based sell-off that dented global markets Wednesday on the back of alarm over political turmoil in Greece.
African Barrick Gold ups Tanzania royalty pay by 1%
Wednesday , 16 May 2012The FTSE 250 gold miner will pay an additional 1% in royalty to the Tanzanian government, citing the current gold price environment.
ThyssenKrupp considers selling Brazil, Alabama steel mills
Tuesday , 15 May 2012The management board had decided to examine all strategic options including a partnership or a sale for the two mills, in which it has invested a total of 12 billion euros.
European gold reserves unchanged at 433 billion euros
Tuesday , 15 May 2012The latest data from the European Central Bank showed Tuesday that gold reserves held by European central banks remained unchanged at 432.705 billion euros in the week ending May 11.
Gold recovers as forecast-beating German data lifts Euro
Tuesday , 15 May 2012Prices were up 0.1% to $1,557.80/oz on Tuesday after a positive reading of German growth lifted the Euro against the U.S. dollar.
Copper miner KGHM's net profit drops on forex losses
Tuesday , 15 May 2012Polish copper miner KGHM posted a 29% drop in its Q1 net profit Tuesday, in line with market estimates, as the appreciating zloty resulted in foreign exchange losses on its dollar positions.
South African mines minister plays down tax worries
Tuesday , 15 May 2012Speaking on the sidelines of a diamond conference in Vicenza, Italy, Susan Shabangu said it was too early to discuss details of the tax proposal but added it will keep the country's vital mining industry competitive.
US PGM investment out of favour
Monday , 14 May 2012For many investors PGM is not as attractive as gold from an investment point of view in this kind of market because it is not a pure precious metal play
Platinum to remain in surplus, palladium to move to deficit in 2012 - Johnson Matthey
Monday , 14 May 2012A look at the trends seen in the PGM market in 2011 and what Johnson Matthey expects in 2012
Aurubis Q2 profit beats analyst estimates
Monday , 14 May 2012Analysts polled by Reuters expected Aurubis, on average, to post a 52.8% drop in its second quarter net profit, but the company achieved net earnings of $143.7 million
Kazakhmys top shareholder makes way for independent chairman
Friday , 11 May 2012Top shareholder Vladimir Kim will make way for an independent chairman to lead the London-listed Kazakh copper miner within the next 12 months.
Gold plunges to 4-month lows on rising dollar
Friday , 11 May 2012With gold buyers remaining largely absent, the gold price has fallen nearly 4% so far this week, its worst weekly performance this year, prompting investors to seek refuge in the dollar.
Qatar SWF to add to Xstrata stake - FT
Friday , 11 May 2012The Gulf state is expected to continue building its stake in Xstrata Plc, currently at 8.5% to 10%, the Financial Times reported Thursday.
Gold recovers after dropping to four-month low
Thursday , 10 May 2012The gold price steadied on Thursday, having fallen 3% this week as concerns over Europe's sovereign debt crisis pressured the Euro and other risk assets.
TOP STORIES
Extorre looks to high-grade open pits to fund Cerro Moro development
Wednesday , 16 May 2012Extorre Gold Mines looks for ways to minimize dilution as it advances its Cerro Moro project in Argentina closer to possible financing.
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