June 12, 2013

Forget oil, there is a far more precious commodity at stake

New tension stems from a dispute over water.

June 12, 2013

Copper soars after Freeport McMoRan declares force majeure on Grasberg mine

Measure seeks to avoid liability on existing orders after production was suspended due to an accident.

June 12, 2013

China coal import ban ‘catastrophic’ for small Indonesian miners

Small coal miners are already under financial pressure coming from falling prices and their rather higher costs.

June 12, 2013

Seabed miner Nautilus handed breathing aid: $40 million after shares sale

The company will use it to keep up its plans of mining the deep blue frontier.

June 12, 2013

Uranium hits seven-year low

Uranium drops to 7-year-low while nuclear reactor in South Korea starts buzzing again.

June 11, 2013

Grim BRICs news pushes copper to 5-week lows

Copper price slumps 1.8% as Brazil, Russia, India and China growth slows to 2009 levels.

June 11, 2013

Rio Tinto to start copper exports from Oyu Tolgoi this week

Company is said to have invited reporters to attend a ceremony at the mine this Friday to celebrate its first shipment.

June 11, 2013

Western Potash on the rise after rumours of Indian interest

Western Potash up 13% one week after Chinese investment

June 10, 2013

Shale adds 47% to global gas reserves, 11% to global oil: EIA study

The estimates are "highly uncertain and will remain so until they are extensively tested with production wells."

June 10, 2013

Indian government to banks: Stop telling people to buy gold

The appetite for gold bullion by consumers has forced its government to increase the import tax on the yellow metal.