October 26, 2012

Indonesian businessman warns foreigners of local investment perils

A prominent Indonesian businessman has warned foreign miners of the perils of investing in his own country over the next two years due to new laws which curb overseas ownership.

October 25, 2012

Potash Corp profits plunge on drop in exports to China and India

Potash Corp of Saskatchewan (TSX:POT) has seen third quarter earnings plunge 22% due to a sharp decline in exports of the key fertilizer ingredient to China and India.

October 25, 2012

Myanmar poised to become new mining Mecca for Chinese investors

Chinese companies are seeking the wealth of mining opportunities that neighbouring Myanmar (ex-Burma) has to offer, as the country opens its economy to foreign investment after more than half a…

October 25, 2012

Asia needs global trade needs Asia

Weakness in the developing world has had an ugly recent effect: vibrant Asian economies wilted over the summer months, and now face a less certain path in the months ahead.

October 24, 2012

Nautilus seabed mining project jeopardized again

Canada-based Nautilus Minerals Inc. (TSX&LON:NUS) sank to fresh lows Wednesday in London, falling almost 5%, hit by the news of a Papua New Guinea’s landowners petition to the Government to…

October 24, 2012

Mongolia refuses to let Rio’s Aussie lawyer leave

A 32-year-old Australian lawyer for a Rio subsidiary has been prevented from leaving Mongolia by local police following allegations of corruption.

October 23, 2012

Global gem industry unveils World Diamond Mark initiative

The global diamond industry has announced the establishment of World Diamond Mark, an international non-profit marketing organization funded under the initiative of mid-tier players.

October 22, 2012

Gold climbs back on Indian demand

Gold prices have enjoyed a partial recovery from the prior session's precipitous drop on anticipation of improved demand from India.

October 22, 2012

Queensland to rescind decades-long ban on uranium mining

The Australian tropical state of Queensland has announced that a decades-long ban on uranium mining will soon be rescinded.

October 22, 2012

Chinese businesses rush to Indonesia in lead up to mineral export ban

Chinese investors and suppliers are flocking to Indonesia in the lead up to the archipelago nation's imposition of a ban on mineral exports in 2014.