Mine sales stumble on looming clean-ups
Banks says that India's gold imports could hit a record high this year amid widespread smuggling to sidestep government levies on overseas shipments.
Years of soft commodity prices have depressed demand for mining equipment as miners cut costs and shutter unprofitable sites.
China has agreed to scrap some export subsidies on a range of products from metals to agriculture and textiles, the United States said on Thursday, in a step by Beijing to reduce trade frictions with Washington.
A steep rise in gold prices may have given hope to a battered mining industry, but producers in Africa are still too wary to call the bad times over.
Panigoro, the founder of oil and gas firm PT Medco Energi Internasional Tbk, has agreed to buy a controlling stake in Newmont Mining Corp's local metals operations.
Thousands of people working there are prey to labour exploitation by organised crime groups, a think-tank said on Wednesday.
The benchmark FTSE 350 mining index, which tracks the performance of the UK's 11 biggest listed miners, is up 26% this year.
Indonesia could exhaust its economically retrievable coal reserves by 2033, a study by PriceWaterhouseCoopers released on Monday showed.
Cameco's McArthur River mine in northern Saskatchewan is expected to produce 20 million pounds this year.
The deal also proposes facilitating the sale of struggling mines.
The country aims to have four mines in operation by 2018 producing gold, copper, zinc and potash.
Should help clear the way for the company to exit bankruptcy.
They are at the sharp end of a commodities downturn which has led half of all the small mining operations in top copper exporter Chile to shut in the last eight years.
Gold miners in particular have stepped up technology investment within a falling capex budget, as the metal price in producers’ currencies has held up much better than other commodities.
Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going.
The size of the drop was second only to the $107.9 billion fall in December, the largest monthly decline on record.
The government's latest attempt to control gold imports has boosted unofficial trading in the world's second-biggest gold consumer.
FTSE 100 reweighting to take place in March.
Picks up private Australian nickel and gold mine and stake in Manitoba copper mine from VMS Ventures.
The two sides have yet to resolve a government demand that the US firm first pay a $530 million deposit.
The second tranche of India's sovereign gold bonds, whose sale began on Monday, is likely to draw good response from investors.
Unseasonably warm weather has set back ice formation on one of Canada's most unique ice road.
"The decision is extremely improper, underlining an unwillingness to learn from the Fukushima Daiichi disaster."
Hit by a slump in copper prices, Zambia should maintain stable mining policies and taxes to avoid losing out to new, lower cost mines elsewhere, said the Chamber of Mines President Nathan Chishimba.