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The Australian tropical state of Queensland has announced that a decades-long ban on uranium mining will soon be rescinded.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

October 22, 2012

MBMI announces grant of stock options and resignation of director

The company announces the grant of 1,300,000 options to purchase common shares. Each option is exercisable at a price of $0.10 per share for a five year term.

October 21, 2012

Bumi bummer: Rothschild dynasty sucked into Indonesian black coal hole

‘Nat Rothschild will never raise another dollar from anybody.’

October 20, 2012

This week in Indian gold: imports on the up again, finance ministry considered monetizing bullion

There is huge pent up demand after 18 months of declining imports.

October 19, 2012

Japan turns to India for rare earth metals

Japan is set to commence imports of rare earth metals for India in order to hedge against worsening relations with chief supplier China.