December 9, 2012

Central bank buying on course

There has been an announcement from the Bank of Korea that it bought 14 tonnes of gold during the month of November but that has so far been the only…

December 9, 2012

Copper, lead strengthen on industrial demand

Copper and lead strengthened by Rs 3 each per kg on the local non-ferrous metals market today on increased demand from consuming industries.

December 8, 2012

Mining, logging ‘contributed’ to Philippine disaster

Whole towns were washed away or buried by landslides when Typhoon Botha smashed into a mountainous region on the southern island of Mindanao last week, leaving 548 people confirmed dead…

December 7, 2012

Afghanistan grants key copper and gold permits

The government of Afghanistan announced Friday its preferred bidders for three of its four current mineral tenders, with a consortium backed by City of London banker Ian Hannam, former BHP…

December 7, 2012

China lifts outlook for mining sector in 2013 with accelerated infrastructure spending

Chinese economy to recover via investment in infrastructure and property

December 6, 2012

Global mining sector shows mild improvement as key activity index hits six month peak

Aggregate market cap also reaches highest point since April

December 5, 2012

Investors simply hate Freeport’s $20bn oil-gas buy

Stock closes 16% lower – more than 150 million shares dumped.

December 4, 2012

Precious metal prices to remain under pressure

Gold and silver prices will remain under pressure says broker and research company Nirmal Bang.

December 3, 2012

Former mining minister in Kyrgyzstan arrested for embezzlement

Kyrgyzstan is one of the world's worst mining jurisdictions

December 3, 2012

Australia and India to collaborate on world’s biggest coal tenement in Queensland

Coal resources of Carmichael mine estimated at AUD$10 billion