June 10, 2013

Deutsche Bank opens $9 billion gold vault in Singapore

The new vault can hold up to 200 tonnes of gold bullion.

June 7, 2013

Pacific Ocean rich in gold, rare earths

Geologist says the deposits are better than on land.

June 7, 2013

World Gold Council ‘concerned’ over India’s new hike of gold import duties

It fears the measure will curb supply and increase smuggling of the precious metal into the country.

June 6, 2013

Force majeure at large Chinese copper producer, supply cut by half

China’s third largest copper producer announcement comes only a few weeks after outages at two large copper mines in Indonesia and the US.

June 6, 2013

The last time Shanghai rebar traded this low iron ore was at $87

Steel yourself: 91% of Asia's steelmakers believe prices wil fall further from today's record lows.

June 6, 2013

Coal India budgets $1bn for foreign acquisitions

Domestic mining projects have been delayed in the permitting process.

June 6, 2013

CHART: Oversupply pushes thermal coal price to 2009 levels

Indonesia, South Africa and Australia show no signs of slowing down exports despite prices at 3-and-half year lows and heading lower still.

June 5, 2013

New Philippines mining tax sees 10-fold revenue increase

Foreign investment has halved in two years and far-reaching amendments to 1995 mining law not likely to encourage new projects.

June 5, 2013

Mongolia shakes its ‘Asia’s mineral state’ reputation, pushes renewables

Government will also introduce new environmental laws.

June 4, 2013

Grasberg outage lifts copper to 2-week high

Between 100–150kt of copper will be off the market.