Indonesia could deplete coal reserves by 2033 – PwC
Indonesia could exhaust its economically retrievable coal reserves by 2033, a study by PriceWaterhouseCoopers released on Monday showed.
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Chinese bank joins LBMA silver fix
In a sign of further influence in global financial markets, a major Chinese bank has been allowed into an elite club of bankers that sets the global price of silver.
Gold prices hit by profit taking, stronger dollar
Spot gold was last down $8.40 at $1,254.10 an ounce in New York, having hit a three-day low earlier in the session at $1,251.83 an ounce.
MMG swings to loss and books $784 million write down
The overseas unit of China’s largest state-owned copper and zinc producer is the latest victim of a sustained rout in metal prices.
World’s second-largest diamond to go under the hammer uncut
The rock, discovered by Lucara in Botswana last year, is second in size only to the Cullinan diamond in the British Crown jewels.
Slowing Chinese demand of coal to hurt Mongolia — BMI
The ramp up in Mongolian coal production will be faced with decreasing demand from China, the major importer of Mongolian coking coal.
Gold’s best start since 1974 shows not just inflation hedge
As deflation looms, metal has not done this well in 42 years.
Copper, nickel prices retreat on weak Chinese export data
Traders were quick to hit their sell buttons as official figures released in Beijing today showed exports in February were down a whopping 25.4 percent from the previous year.
Biggest fall in Chinese exports in seven years hits UK mining shares
Official figures released in Beijing showed that exports in February were down 25.4% on a year earlier, the worst performance since May 2009