Top Stories in Mining - May 2012
Posted: 05/24/2012 12:00:00 AM EDT | 0
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Here are our top mining stories of May 2012. Whether it's the uncertainty with the Eurozone or reduced Chinese appetite for minerals, there have been a lot of headline-making stories across the cyberspace.
Read a good story or want to share your thoughts? Tell us below or tweet at us on @MiningIQ!
Venezuelan government decides to nationalize all the gold produced in the country
This discussion may have started a while back, but it’s still trending in the Mining Industry Professionals LinkedIn group with over 400 comments. The Venezuelan government decided to nationalize all the gold produced in the country, so what does this mean for the nation, the miners and the price of gold? Responses range from agreeing with government’s decision to vehement criticism. Join the discussion here.
General Electric, the US based multinational conglomerate has recently snapped up two local mining specialists, signalling that what local miners perceive as uncertainty, international investors see potential growth. GE picked up Fairchild International based in the US and Australia-based Industrea saying it was making a ''strategic investment in expanding its manufacturing footprint to Australia''. Read more here.
We posted this question on LinkedIn a few weeks ago and it’s one of the top discussions in the group. With uncertainty in the industry and current economic temperament, how do you see our industry in the next few years? Share your thoughts in the comments below or join LinkedIn to get the discussion going.
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Contributor:
Mining IQ Editorial |
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