October 16, 2012

India’s rough diamond imports dropped sharply in September

Imports were down 33.2% to just $349.4 million as the average price of imports sank 72.5% to $24.44 per carat, compared to August.

October 15, 2012

Turquoise Hill selling off after Mongolia officially says it wants more of Oyu Tolgoi

The massive copper-gold mine is back in the sights of Mongolia's government.

October 15, 2012

Vietnam may buy more gold to boost supply

As the November 25 deadline for credit institutions to stop gold mobilization approaches, Vietnam is considering to import more gold to boost supply and reduce price gap between domestic and…

October 10, 2012

Centerra Gold says independent report proves claims against Kumtor mine groundless

Canadian Centerra Gold (TSX:CG) said Tuesday an independent assessment of a Kyrgyz Republic Parliamentary report backs the company’s view that the report’s allegations against its Kumtor gold mine are unfounded.

October 10, 2012

Alcoa’s results lead markets down

US and Canadian markets dipped on Wednesday as earnings season began with Alcoa (NYSE:AA), the world's leading producer of aluminum, forecasting slower demand for the metal.

October 9, 2012

Oyu Tolgoi: All that’s left is for China to flip the switch

First ore from the massive copper-gold-silver mine is expected to be processed within six weeks of China and Mongolia signing the final power agreement.

October 9, 2012

Anglo Asian gold production on the rise

Anglo Asian Mining disclosed Tuesday a surge in gold production at its flagship gold, copper and silver mine, in Azerbaijan, in the third quarter.

October 9, 2012

Diamond supply crunch on its way — analysts

Global production of diamonds reached 124 million carats last year and, according Bain & Company consultants, 13 new mines should be adding 23 million carats by the end of 2012.…

October 9, 2012

Indians switch to diamonds from gold

De Beers says the sub-continent has become the storied diamond firm's fastest-growing market as affluent Indians eschew gold in favor of precious gems.

October 8, 2012

Indonesia threatens ‘harsh measures’ against miners who dismiss workers

Hong Kong-listed G-Resources, said it would dismiss 300 workers from its gold mine in Indonesia where work has stopped over an environmental dispute.