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India to talk with Indonesia on proposed coal export curbs

Expressing concern over the proposed restrictions on export of certain grades of coal by the Indonesian government, India Saturday said it would try to find a solution through bilateral talks.

Protests over Newmont mine resume in Peru

LIMA (Reuters) - Foes of Newmont Mining's $4.8 billion Conga project resumed their protests in Cajamarca on Monday but turnout was weak nearly a month after the government cracked down on environmental activists it labeled as intransigent. About 1,...

Gold down 2 pct, at 3-month low as dollar surges

Gold fell 2 percent to a three-month low on Wednesday, as the dollar rallied against the euro on more jitters about European debt, while losses in U.S. equity and commodity markets triggered a technical sell-off of the precious metal.

S. Korea raises gold reserves amid global fears

South Korea's s central bank said Friday it has increased the amount of gold it holds as it moves to hedge against global volatility caused by European and US debt crises.

Barrick Gold Corporation (ABX): Zacks rank buy

Estimates are rising on this gold mining giant as gold trades near record highs. (NYSE: ABX - News) is expected to see 43% earnings growth in 2011. Yet this Zacks #2 Rank (buy) is still cheap. Barrick is one of the largest gold mining companies in the

Soaring demand spotlights secret NY gold hoard

If there's one place a James Bond villain -- or even some actual governments -- would love raiding today, it's the basement of a somber building in lower Manhattan: the world's biggest gold vault.

Cliffs climbs to $103 despite production snafus

Cliffs Natural Resources’ plans to restart coal mining operations at its Pinnacle coal mine in West Virginia after a major setback with regulatory agencies turning down its remediation plan to address the carbon monoxide detected in the mine. The company had to shut down operations at the underground mine in late May after high levels of the poisonous gas were detected.

Morgan Stanley commodities risk down in Q2 vs Q1

NEW YORK (Reuters) - Morgan Stanley's commodities trading risk fell in the second quarter from the first, lagging Wall Street rivals such as Goldman Sachs and JPMorgan, which raised risks in the same period for trading raw materials derivatives. While

MCX gold futures seen at record

India's gold futures are likely to open a tad higher on Wednesday morning, recovering from previous session's losses to hit another record high, following firm overseas markets, analysts said.

Coal sites in three provinces to be auctioned next Sept.

Coal exploration contract areas in Cebu, Surigao del Sur and Zamboanga del Norte are being frontloaded for investor bidding in September at the earliest, according to the Department of Energy (DOE). DOE Secretary Jose Rene Almendras on Tuesday said the

TSX may open lower on debt fears; bullion rallies

BANGALORE (Reuters) - Toronto's resource heavy main stock index looked set to open lower on Monday, as investors fled riskier assets on a confluence of debt concerns on both sides of the Atlantic, pushing safe-haven gold rose to a fresh high. FACTORS TO

Whatever happens, commodities win: Jim Rogers

Over the weekend Jim Rogers told CNBC: "If the world economy gets better, I earn money on commodities. If the global economy gets worse then they will print more money and I will make money in commodities." Rogers started trading the stock market with $600 in 1968. In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37.

Peabody, China and Russia teams chosen for massive Mongolian coking coal mine

Mongolia chose U.S. miner Peabody Energy , a venture between China's Shenhua and Japan's Mitsui & Co, and a Russian-led consortium as preliminary winners to jointly develop the prized Tavan Tolgoi coal deposit, a senior government source said on Monday. The project, which may require initial investment of more than $7 billion, is seen as vital to kick-start the land-locked nation's economy. It will also generate billions of dollars in revenue for the companies involved and add tens of millions of tonnes of increasingly rare coking coal used by steel makers.

Tata Steel aims at investing at early stage of mine

Entirely reliant on non-captive sources to feed its plants in Europe, Tata Steel will stick to long-term policy of being an "early stage investor" when it comes to acquiring raw material assets, a senior company official said.

Osama was buying, selling gold jewellery in Pak lair, perhaps to raise money: Report

The Osama bin Laden household in Pakistan's Abbottabad town used to buy and sell gold jewellery, perhaps as a way to raise money, it has emerged. Nearly two months after bin Laden was killed by US Navy SEALs who raided his Abbottabad hideout in the early morning hours of May 2. Photo is from the U.S. Government.