November 19, 2015

India monetizes 14 ounces of gold

Indian households sit on 20,000 tonnes and the Modi government's two-week old scheme to bring gold into the financial system looks like a spectacular flop.

November 19, 2015

Chinese commodity trade barometer at record low

The Baltic Dry Index which tracks bulk shipping rates on more than 50 routes around the world drops to lowest since 1985.

November 19, 2015

Caterpillar sales down again, almost three straight years

The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).

November 19, 2015

Indonesia probing allegations of extortion to Freeport-McMoRan by senior officials

The investigation aims to determine whether senior officials tried extorting Freeport’s Indonesian unit in return for letting the company continue to operate in the country.

November 18, 2015

Top 15 copper mines worth $103bn less than a week ago

The value of reserves at the world's largest mines drop after copper price takes another hit.

November 17, 2015

Japan’s Sumitomo Metal seeks stakes in copper, gold mines

The company wants to take advantage of its sound finances and a slump in commodity prices to bolster future growth.

November 17, 2015

Cliffs to halt operations at Minnesota iron ore mine

The move will help the cash-strapped coal and iron ore miner to continue operating for the short term.

November 17, 2015

Rio Tinto to close Queensland coal mine if extension gets rejected

The company said that extending Kestrel, its only underground coal operation, would add 20 years to the mine’s life.

November 16, 2015

India won’t need coal imports by 2017: Piyush Goyal

The Union Minister says coal shortages will soon be a thing of the past as India won't need to import dry fuel by 2017.

November 16, 2015

World coal consumption to drop up to 4% further by year-end

Use of coal for power generation peaked about two years ago, a new report suggests.