September 27, 2012

Report: North Korea secretly selling citizens’ gold to pay for missiles, birthday bash

Kim Jong-un and co has sold some two tonnes of the precious metal to China.

September 27, 2012

Philex Mining could face more penalties, but refuses to pay

Philippines-based Philex Mining Corp. (PX:PM), the country's biggest miner, may have to pay fines for violations of the Clean Water Act and the company’s own Environmental Compliance Certificate (ECC), the…

September 27, 2012

Anglo Asian pre-tax profits hurt by harsh weather

Gold, copper and silver producer Anglo Asian Mining posted Thursday pre-tax profits of $10.5 million for the six months to the end of June - down from $14.2 million a…

September 26, 2012

The last great price bubble is dead

For the past decade we’ve toiled up the slope of the so-called commodities super-cycle, a rise in metal and hydrocarbon prices that has made consumer goods costly but drove torrid…

September 25, 2012

Indian oil giant said it never offered $5 billion for Canadian oil sands

State-own Indian oil company Oil and Natural Gas Corp. (ONGC) denied Tuesday that, together with two other state-run oil firms, bid $5 billion for a stake in six Canadian oil…

September 24, 2012

China to help Venezuela develop one of world’s largest gold mines

China and Venezuela have signed an agreement to jointly develop Las Cristinas gold mine, one of the world’s largest deposits of the shiny yellow metal, located near a town bearing…

September 24, 2012

Chinese reforms anticipate sustained decline in coal prices

Slated reforms to China's pricing system for the carbon fossil fuel indicate that the country's leading decision-makers anticipate a sustained decline in global spot prices.

September 21, 2012

Oyu Tolgoi ready to lift the curtain, but someone has to turn on the lights

Rio Tinto’s flagship $5.2 billion copper-gold Oyu Tolgoi mine in Mongolia near the Chinese border – one of the biggest mining projects in the world – is practically ready to…

September 21, 2012

Christie’s expects over $15 million for huge Indian diamond

The Archduke Joseph Diamond, a 76-carat gem considered one of the most renowned worldwide, may be sold for more than $15 million in Geneva on Nov. 13, the world's largest…

September 21, 2012

China to exploit global warming for Arctic mineral riches

Cash-flush China is intent on seizing its share of the oil and mineral bounty made available by the melting of the Arctic ice cap.