October 27, 2012

Diamond dealer defaults on payments worth Rs 2 crore

Dealer from Mahidharpura diamond market vanishes

October 27, 2012

Vietnamese Banks Got Caught Selling Clients’ Gold

Several months ago, we reported about a troubling development in Vietnam, happy inflationary host of one of the world's most rapidly devaluing and best named currencies, that in direct refutation…

October 26, 2012

Donghua to buy Cambodian gold mine from Yuetai Group

Guangzhou Donghua Enterprise Co., Ltd. announced that it has signed a letter of intent with controlling shareholder Guangzhou Yuetai Group Co., Ltd. to acquire its gold mining subsidiary Xinyuan Mining.

October 26, 2012

Chinese Premier’s $2.7 billion fortune thanks largely to his wife ‘the Queen of Diamonds’ – report

Chinese Premier Wen Jiabao has accumulated vast wealth during his time in power, but reports of his $2.7 billion fortune —and the influence of his wife, Zhang Beili, the "Queen…

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.