World

Is a ban on the sale of physical commodities by banks in the USA imminent?

According to Agence Ecofin, the US Federal Reserve (Fed) is “examining” the permits to sell physical commodities held by certain banks, as opposed to commodity-backed futures contracts, the Financial Times reported on its website on July 22. Senior Fed officials have been discussing with executives from major Wall Street banks such as JPMorgan Chase and Goldman Sachs […]

Is a ban on the sale of physical commodities by banks in the USA imminent? Read More »

President Obama announces the launch of a training program for young African leaders in the United States

On June 29, President Barack Obama announced the creation of a training program for young African leaders called the Washington Fellowship for Young African Leaders , before an audience of more than 600 dynamic young leaders from South Africa, Kenya, Nigeria, and Uganda. This project is the new flagship program of the U.S. President’s Young African Leaders

President Obama announces the launch of a training program for young African leaders in the United States Read More »

What on Earth Are ‘Commodity Super-Cycles’ and Why Do They Matter?

The average developing country lives off exporting  commodities like oil, gas, copper, cocoa or soybeans. The sale of these resources brings both revenue to the government and foreign currency to import what is not produced at home – which, in these places, tends to be most things. So whatever happens to the price of those commodities

What on Earth Are ‘Commodity Super-Cycles’ and Why Do They Matter? Read More »

The Court of Appeal rejects the oil industry’s attack on the landmark transparency law

WASHINGTON, DC – The U.S. branch of the Publish What You Pay coalition warmly welcomed the U.S. Court of Appeals’ decision to dismiss, for lack of jurisdiction, the oil industry’s lawsuit against the landmark law on the disclosure of oil, gas, and mining payments.Section 1504 of the Dodd-Frank Act of 2010, a provision known as

The Court of Appeal rejects the oil industry’s attack on the landmark transparency law Read More »

Appeals Court dismisses oil industry attack on landmark sunshine law

WASHINGTON, DC – The Publish What You Pay US coalition cheered a decision by the US Court of Appeals to dismiss on jurisdictional grounds a lawsuit brought by the oil industry against a landmark oil, gas and mining payment disclosure law.  Section 1504 of the Dodd-Frank Act of 2010, the so-called “Cardin-Lugar” provision requires U.S.

Appeals Court dismisses oil industry attack on landmark sunshine law Read More »

2012 U.S. copper production at highest level in 3 years – U.S.G.S.

U.S. smelter copper output last year declined to its lowest level since before World War II, the U.S. Geological Survey reported. RENO (MINEWEB) – U.S. production of refined copper in 2012 decreased by about 3% from that in 2011, the U.S. Geological Survey observed in a Mineral Industry Survey made public Thursday. Nevertheless, mine production

2012 U.S. copper production at highest level in 3 years – U.S.G.S. Read More »

Obama to ask for $105m for NASA asteroid capture/mining mission

« It would be mankind’s first attempt at modifying the heavens to enable the permanent settlement of space, » say scientists. RENO (MINEWEB) – A senior Obama Administration official confirmed reports by the chairman of the U.S. Senate Commerce Subcommittee on Science and Space that the Administration will announce this week that it is seeking more than

Obama to ask for $105m for NASA asteroid capture/mining mission Read More »

Randgold boosts gold reserves and grades, looking at JVs

LONDON (Mineweb) – In its 2012 annual report, Randgold Resources confirms it is looking at jvs with cash-strapped developers and explorers. Randgold Resources is one of two mid-tier gold miners quoted on the London stock Exchange main board making announcements today – the other is Petropavlovsk – and CEO Mark Bristow was able to give another upbeat assessment

Randgold boosts gold reserves and grades, looking at JVs Read More »

Conflict Minerals bill expected to be tabled in Canadian Parliament

RENO (Mineweb) – Buoyed by the launch of a petition drive and the backing of human rights NGOs, MP Paul Dewar is expected to make another run at a Canadian Conflict Minerals bill. New Democratic Party MP Paul Dewar, who represents Ottawa Centre, is expected to introduce conflict minerals legislation in Canada’s Parliament Tuesday, The Globe

Conflict Minerals bill expected to be tabled in Canadian Parliament Read More »

Scroll to Top