China Post

Indian media slams government over lack of coal mine auctions

Indian media on Saturday slammed the embattled government after a damning report by the country's auditor estimated that the exchequer lost billions of dollars by failing to auction valuable coal mining rights.

Tata Steel forecasts improved demand amid European woes

India's Tata Steel forecast improving global demand in spite of European woes, as the world's No.7 steelmaker reported a bigger-than-expected drop in quarterly profit after being squeezed by weak prices, lower volume and higher input costs.

Watchdog finds aluminum in local pastries

Chinese crullers and donuts from famous eateries have been found to contain aluminum, which is a health risk causing problems to the kidney and brain, a consumer watchdog said yesterday.

India's Diwali gold sales may be modest: analysts

MUMBAI -- High prices are likely to deter Indians from heavy gold buying this week during the Hindu festival of Diwali, normally an auspicious time to splurge on the metal, experts say. Gold demand is expected to be moderate, they said, as the country&...

Perry vows to unleash US potential to be 'Saudi Arabia of coal'

Fading Republican 2012 candidate Rick Perry pledged Friday to unleash a new economic boom by throwing open land and seas to oil drilling and tapping America's status as the “Saudi Arabia of coal.”

Warlords, lack of government capacity threaten Afghan iron mining: watchdog

A giant Afghan iron ore deposit may provide hope for the prosperity of the country, but the Afghan government is not able to ensure the mine is managed properly and profiteering warlords could spark further violence, a graft watchdog said on Sunday

South Korea calls for fresh talks with Mongolia over coal deposit

SEOUL -- Seoul called Thursday for talks with Ulan Bator after a consortium involving South Korean firms was left off a list of groups chosen to develop a huge Mongolian mine, saying the decision was “unclear and unfair.”

Police arrest 2 suspects in high-tech platinum theft

Police have arrested two men in connection with a theft of platinum worth over NT$44 million from a high-tech company in Hsinchu County, officials said yesterday. Police also managed to recover 18 kilograms of platinum from the suspects during the arrests in Taoyuan