Philippine Times

Robust demand for bullion in Europe, Middle East and China again – very little selling

Gold is mixed and marginally higher in dollars and euros today despite European finance ministers pledging extra funding to the IMF.

26 trapped in China coal mine

Twenty-six miners remained trapped Tuesday in a flooded coal mine in northeast China, Xinhua reported. The illegal coal mine in Boli county of Heilongjiang province belonged to the Hengtai Coal Mining Co. Ltd.

India to consider banning chrome ore exports to China

According to the CEO of Albanian Minerals, India and South Africa are mulling a ban on raw chrome exports to China in a bid to keep local ferrochrome producers competitive ... Read the full story at Mine Web

Zambia Y1 copper output rose 4 pct – Central Bank

Zambia's copper output in the first half of the year rose by 4%, driven by improved production at mines in the Copperbelt and North-Western provinces, the Central Bank of Zambia said Tuesday.

AngloGold Ashanti to sell Congo mining area

South Africa-based gold miner AngloGold Ashanti Ltd. said Thursday that it offered to sell 390,000 square meters of undeveloped land next to its Savuka mine for 35 million rand ($5.1 million) to Blyvooruitzicht Gold Mining Co.

Rio Tinto appoints former Barclays CEO Varley to board

Rio Tinto PLC has appointed John Varley, the former chief executive of Barclays PLC, as a non-executive director to Rio Tinto's board of directors in the U.K. and Australia, starting Sep 1.

Gold futures end winning streak as investment demand eases

Gold futures fell Thursday, pulling back after a two-session win, as upbeat U.S. economic data eased investment demand for the metal and comments from the European Central Bank president calmed concern about Europe's debt.

No power to close Cebu coal plant

(Source: Sun Star Daily) Entertainment THE bank that financed the controversial coal-fired power plant in Naga City, Cebu said it has no power to padlock the facility if owners fail to conform with environmental and safety considerations. Bruce Purdue,

Philippines opts for Korean coal power

South Korea's state-run power company Korea Power Electric Corp. has completed a 200-megawatt power plant in the Philippines. The $451 million coal-fired plant is funded in part by a $120 million loan.

Murchison in talks for Australia iron ore port funding

The proposed Oakajee iron ore port and rail project in Australia, which last week faced the loss of a key customer, may have hit another snag, with one the two developers saying it was having problems raising funding.