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PRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day

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04/03/2013 | 04:24pm CEST
TOP STORIES: 
Credit Suisse Cuts 2013, 2014 Gold Price Outlook 

Credit Suisse (>> Credit Suisse Group AG) Wednesday cut its outlook on gold prices for this year and next, as it expects Asian physical demand for the metal will not compensate for a lack of investment interest in other regions.

Gold Fields Reports Industrial Action At Tarkwa, Damang Mines, Ghana 

Gold Fields Ltd. (>> Gold Fields Limited) said Wednesday employees at its Tarkwa and Damang mines in Ghana--in which it has a 90% interest--have embarked on illegal industrial action which has led to production at both mines being stopped.

 
STORIES OF INTEREST: 
Russian Resources Minister Suggests Nullifying Extraction Tax in Far East 

Russia's natural resources minister has suggested the government cancel its mineral extraction tax on companies mining gold, copper, iron ore and coal in the country's Far East, but only if the miners use the money for exploration instead.

Aureus Mining Gets OK to Relocate New Liberty Project Villages 

Aureus Mining Inc. (>> Aureus Mining Inc), a Liberia-focused gold miner, Wednesday said that the Liberian Environmental Protection Agency has approved the Relocation Action Plan and the Community Development Plan for the relocation of the Larjor and Kinjor villages in respect of the development of the Company's New Liberty Gold Project.

 
- Write to Philip Georgiadis at [email protected] 
 

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