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Alchemy News

Gold hits new high in market

Gold has hit a three month high as investors flock to gold backed funds in the largest numbers in three years. The resurgence of gold is highlighting the metal regaining its role as a safe haven for investors and operators. It leapt to a three month high yesterday as...

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Carmichael achieves Federal environmental approval

The Federal government has granted environmental approval for the Galilee Basin Carmichael coal mine, but developer Adani still needs to find $16 billion in funding for the project, as well as secure a mining licence in Queensland. The company will not be able to gain...

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Has the mining downturn hit rock bottom?

Has the bottom of the mining downturn been reached? Mining is a cyclical industry and is always riding the troughs and waves of high and low commodity prices, but rarely in history has it slumped this low, this quickly. Every day for the past year operators have been...

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Gold will break out as rate hike myth dies

Two persistent myths convince gold bears that the price of gold will remain low – a looming series of interest rate hikes from the Federal Reserve and the fact that gold did not rally during the last round of quantitative easing. Peter Schiff explains why both of...

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Advice for unemployment in a job interview

I came across this article yesterday and it has some great advice for jobseekers that have been unemployed. One of the points they highlight is to keep being productive. This can be through further study, volunteering, home renovations, etc. I feel it’s really...

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Close to 600 jobs slashed as Atlas Iron shuts mines

Close to 600 people are set to lose their jobs after Atlas Iron announced it will close its mining operations. The company said it will suspend mining over the month of April, with exports to cease a short time later. The move comes in light of the iron ore price dive...

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