Four workers trapped underground after an earth tremor at a Sibanye Gold Ltd. mine in South Africa have died, bringing the number of people killed at the company's operations this year to at least 10.Read full newsRead More

China's iron ore futures rose on Monday, the second day the contracts have been open to direct trade by foreign investors, with robust restocking demand amid resuming steel capacity helping to push prices higher."Downstream demand remains very strong at this moment as construction sites rush to work as much as they can before rainy season starts in June," said Gu Meng, analyst at Orient Futures.Th...Read More

Qatar emerged as a major shareholder in Rosneft PJSC on Friday after a $9 billion deal to sell a stake in Russia's state-run oil producer to China's troubled CEFC Energy Co. collapsed.Qatar Investment Authority stepped in after the sellers - a consortium of QIA itself and mining giant Glencore Plc - told CEFC it wouldn't proceed with the original deal announced in October. A statement issued by Gl...Read More

Rescue teams have confirmed the death of a second Polish coal miner and are searching for three more trapped nearly a kilometre underground after a quake, the chief executive of the mine owner said.The quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning, initially trapping seven miners at a depth of about 900 metres (2,950 feet). It was the mine's strongest q...Read More

With the support of EarthRights International, the Peruvian Chaupe Family announced this week that they intend to appeal a recent decision by a federal court in Delaware that ruled that their case against Newmont Mining Corporation (NYSE:NEM) should be heard in Peru - not Delaware, where the company incorporated almost 100 years ago.In a press release, EarthRights said that the Chaupes will fight...Read More

Australia's biggest gold miner Newcrest Mining Ltd said it expects its flagship Cadia mine to return to full production rates by the end of June.The miner said it had begun depositing tailings into the Cadia Hill open pit over the weekend, after receiving approval from the New South Wales Department of Planning and Environment last month.Newcrest restarted processing at Cadia last month after halt...Read More

The death toll from Saturday's coal mine blast and landslides in southwest Pakistan climbed to 23 on Sunday, officials said, after ending their rescue operation.At least 16 miners died on Saturday and more than a dozen were trapped after an explosion in a mine in the Marwar coalfields in Baluchistan province, Director of Disaster Management Attaullah Khan said.A methane gas build-up inside the min...Read More

When investors think of gold companies, Goldcorp Inc. (TSX:G)(NYSE:GG) is typically one of the first companies to come to mind. As one of the largest miners of the yellow metal globally, Goldcorp is often viewed as somewhat representative of the commodity price of gold, with investor focus primarily centered on the size and scale of Goldcorp's operations as key to making a long-term bet in the...Read More

The time has finally come to see if the Fed can pull off its biggest trick yet.Can it finally pull the punch bowl away?For years, it kept the party going and every single dollar possible in equities. Then it tried for years to warn investors that it wouldn't last forever.Now it is increasingly clear, especially after the release of the FOMC minutes earlier this month, that the Fed is committed to...Read More

(Kitco News) - Even though a drop below $1,300 is not ruled out for gold just yet, TD Securities views a move to $1,350 as a more likely one for the precious metal.“While a move toward below $1,300/oz is possible in the not too distant future, we think there will be a steadier rebound toward $1,350s in the latter half of 2018,” TD Securities head of commodity strategy Bart Melek said i...Read More

(Kitco News)- Investors shouldn’t panic about silver’s lacklusterperformance against gold as the market is following a very familiar patternaccording to one market analyst.In a commentary on Seeking Alpha, Victor Dergunov, founder ofAlbright Investment Group said that history has shown that silver oftenunderperforms gold at the start of a new bull market. Dergunov’s comments come...Read More

Considering outside market forces such as dollar strength and higher U.S. equity pricing, gold pricing has held up rather well. In an environment which strongly favors the risk-on asset class over the safe-haven class, gold has traded with a higher daily low for the last four consecutive trading days. Today’s trading range was modest, but pricing did trade to a more elevated high than it did...Read More

(Kitco News) - Gold and silver prices aretrading near unchanged levels in early-afternoon U.S. trading Monday. A higherU.S. dollar index that scored another four-month high today was bearish for theprecious metals. However, rallying crude oil prices that hit new 3.5-year highstoday were a bullish element for the metals. June Comex gold futures were lastdown $0.40 an ounce at $1,314.30. July Comex...Read More

(Kitco News)- Forget overvalued tech and blue-chip stocks; one former BearStearns analyst has his eye on major gold producers as this sector issignificantly undervalued.In a report last week, Jesse Felder, creator of the FelderReport, said that he is calling his pick of major producers his BANG stocks: BarrickGold (NYSE: ABX,TSX: ABX),Agnico Eagle (NYSE: AEM,TSX: AEM),Newmont Mining (NYSE: NEM)and...Read More

Jonathan Stempel, Jennifer AblanNEW YORK (Reuters) - Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it.Likening bitcoin demand to the tulip bulb mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway...Read More

The numbers: The economy generated a solid 164,000 jobs in April to push the unemployment rate below 4% for the first time since Bill Clinton was president, a sign the surging labor market shows no signs ebbing. The increase in hiring fell short of the 188,000 forecast of economists polled by MarketWatch, but the shortfall was cushioned by upward revisions that show the U.S. created more jobs in...Read More

In a year so far marked by volatility and uncertainty among some of the old stalwarts of Wall Street, is now the time to consider alternative investments including weed, cryptocurrencies and even gold? According to a panel of experts at TheStreet's Investor Boot Camp conference over the weekend, the answer could very well be yes. Here's what to know. Cannabis: Big Companies May Try to Trick You...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump said in a tweet on Monday that he would announce his decision on whether to withdraw from the Iran nuclear deal at 2:00 p.m. EDT on Tuesday.Trump has threatened to withdraw from the deal, which provided Iran with relief from sanctions in exchange for limiting its uranium enrichment capacity, unless European signatories to the accord fix what he ha...Read More

MMG's Dugald River zinc mine in Australia achieved commercial production on May 1, the company said on Monday May 7.Dugald River has been online since November 8, 2017, with its first shipment of approximately 10,500 wet metric tonnes (wmt) of zinc concentrate to China on December 16.MMG produced 47,138 tonnes of zinc in concentrate in this year's first quarter, up 45% from the previous quarter, i...Read More

Here Are 3 Hot Things to Know About Stocks Right Now Oil prices in the U.S. rose 1.5% on Monday, settling at $70.73. That was the first time crude oil has settled above $70 since 2014.The Dow Jones Industrial Average   traded up more than 170 points at one point during Monday's session. The Dow closed up 94 points.Apple Inc. (AAPL)   rose 0.72% to $185.16 on Monday; the...Read More