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Rio Tinto to grow Indian diamond presence
Thursday , 02 Sep 2010In a major boost to gold and diamond mining in India, mining giant Rio Tinto, which has discovered an immensely rich diamond resource of 37 million tonnes in northern India's Madhya Pradesh state, is set to invest $79 million in the country.
Joy Global posts better-than-expected quarterly profits
Thursday , 02 Sep 2010The mining equipment maker says it expects to see a recovery in need for its products as miners begin to see an uptick in commodities demand
Indonesia edges closer toward uranium mining and nuclear power
Thursday , 02 Sep 2010After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.
Copper stays firm, but eyes focused on Friday's job numbers
Thursday , 02 Sep 2010The red metal hit a new four-month peak in early trade in Shanghai but worries about the latest set of US payroll numbers out Friday are keeping gains capped
Reko Diq copper-gold project feasibility study submitted to provincial government
Wednesday , 01 Sep 2010As negotiations continue regarding the financial investment agreement for the massive Reko Diq copper-gold project in Pakistan, Tethyan Copper Company submitted a feasibility study to the government of Balochistan.
Mongolian Mining to raise $700m via Hong Kong IPO
Wednesday , 01 Sep 2010According to the term sheet the miner aims to price the offer on September 24 and will become the first Hong Kong listed company to be fully based and operated in Mongolia
Old mining town now the cats' meow for Taiwanese tourists
Tuesday , 31 Aug 2010A once dying coal town in Houtong, Taiwan has reinvented itself as a simply purr-fect tourist destination.
LME copper sinks0.7% as traders return from long weekend
Tuesday , 31 Aug 2010Analysts say the weaker tone might prevail if data out this week continues to disappoint investors
Gold heading for new high in next few weeks
Sunday , 29 Aug 2010With hedge funds and other speculators increasing net long positions in New York, analysts feel gold is set to test its high point in the coming weeks.
Newmont blasts Pukuafu Indah Batu Hijau mine litigation and claims
Friday , 27 Aug 2010The long legal and media fight over the divestiture of shares of the parent company of the Batu Hijau gold mine in Indonesia continues to frustrate Newmont Mining.
Copper prices drop ahead of key Fed speech
Friday , 27 Aug 2010Prices of the red metal paired some of the gains made in the previous session as investors waited nervously on the sidelines ahead of Fed Chairman, Ben Bernanke's annual conference speech
China to keep supplied with Indian iron ore despite Karnataka ban
Thursday , 26 Aug 2010Karnataka state might have banned iron ore exports, but Orissa, Jharkhand and Goa have stepped in to meet the shortfall.
Korea's Posco gets green light for Indian steel mill
Thursday , 26 Aug 2010South Korean major Posco's plans of teaming up with SAIL to build a $3.3 billion steel mill in Jharkhand is set to move ahead, with the imminent signing of the agreement.
Gold:Silver ratio falling as investors see better value in latter
Thursday , 26 Aug 2010As gold continues to advance some investors are turning to silver as reopresenting better value
LME metals rally as investors look for arbitrage
Thursday , 26 Aug 2010Investors chose to focus less on poor western macro-economic data and instead look at the opportunities presented by China
S. Korea, Bolivia ink preliminary MOU for lithium mine development
Thursday , 26 Aug 2010South Korea may soon gain the right to help develop half of the world's lithium reserves which lie underneath the salt flats of Lake Uyuni in Bolivia.
Will Australian uranium begin to flow to India?
Wednesday , 25 Aug 2010With a coalition government in Australia possible and the election result still too close to call India is focusing on the likelihood of Australia lifting its ban on uranium exports.
Base metals recover after housing-data led sell-off
Wednesday , 25 Aug 2010Shanghai copper was steady Wednesday while London futures rallied, paring losses made in the previous session
India's love affair with faux gold
Tuesday , 24 Aug 2010It was hoped a slew of festivals at the end of August would revive gold buying in India, but the high price appears to have trimmed volumes. Consumers are opting for cheaper, imitation gold.
India rejects Vedanta's bauxite mine plans
Tuesday , 24 Aug 2010The country's environment ministry rejected plans by the miner to mine bauxite in Orissa
Silver demand picks up in India
Monday , 23 Aug 2010Festival season in India has picked up pace with Onam, a spring festival celebrated with much gusto and, given the high price of gold, people are buying silver to mark the ocasion.
Tokyo Steel announces across-the-board price rise
Monday , 23 Aug 2010The first such increase in four months, the group cited a rebound in steel scrap costs as a reason but added, a steep rise in scrap prices was unlikely after October given the still weak demand
Gold buying up as bargain hunters resurface
Monday , 23 Aug 2010Worries about economic recovery continue, but overall trade in the market remains slow
Batu Hijau ownership battle heats up as Pukuafu seeks to block IPO, project financing
Monday , 23 Aug 2010Newmont Nusa Tenggara shareholder Pukuafu Indah says it will file criminal charges and seek civil remedies to overturn the results of a special shareholders' meeting last week.
Metal prices fall, led by Shanghai zinc
Friday , 20 Aug 2010Weaker Asian markets, pushed lower by re-emerging concerns of a static economic recovery, weighed on metal prices
Copper reverses gains on near-term outlook concerns
Thursday , 19 Aug 2010The red metal snapped two days of gains as positive sentiment coming from the stock market failed to overcome growth concerns
Indian diamantaires to source own roughs, take on mining giants
Wednesday , 18 Aug 2010In a bid to augment profits and cut out the role of the middleman in the diamond business, diamonds traders have decided to team up and form a new company to source roughs directly.
TOP STORIES
As silver consolidates above $19/oz technicals look bullish
Thursday , 02 Sep 2010Considered a key resistance level, if the white metal remains above $19 an ounce more strength could be on the way
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