September 12, 2012

Indian state of Goa shuts down iron mines

The 93 mines in India's richest state of Goa, 90 of which are iron ore producers, have been force to halt operations after a government-backed inquiry said they were illegal…

September 12, 2012

Australian mining entrepreneur convicted and jailed by Indonesian court

Australian businessman Dennis Connell has been convicted by an Indonesian court of embezzlement in relation to a botched business deal.

September 11, 2012

Diamond swallowed at exhibition a fake; $13,000 gem still missing

Sri Lanka's diamond-swallowing story took an surprising turn Tuesday as police revealed the 1.5 carat stone gulped by Chou Wan, 32, at a gem show was fake.

September 11, 2012

Canadian Nordion loses three year dispute with Atomic Energy

Shares of nuclear medicine company Nordion dove close to 40%, down $3.93 at $6.53 in Toronto on Monday.

September 11, 2012

Nautilus closes second tranche of private placement

Nautilus Minerals has received gross proceeds of $18.6 million from the issue of the second and final tranche of shares forming part of the non-brokered private placement first announced on…

September 10, 2012

Afghanistan’s trillion-dollar mineral assets imperilled by corruption

Mining companies would give their eye teeth to exploit Afghanistan’s recently discovered $1 trillion of untapped mineral wealth, but analysts warn that corruption, war and lack of infrastructure are likely…

September 9, 2012

Investors shrug news of fresh Mongolia bid for control of Oyu Tolgoi as Turquoise Hill climbs 15%

Mongolia's new mining minister Davajav Ganhuyag is one of the politicians in favour of upping the country's stake.

September 9, 2012

Ministerial ping-pong led to hasty vetting of coal applicants’ credentials

Minutes of crucial screening committee meetings raise several questions.

September 9, 2012

Maharaja’s family demands return of diamond

The descendants of the last Maharaja of the Sikh Empire, who was forced to hand over the Koh-i-noor diamond to Queen Victoria, launched a court action Monday for his body…

September 8, 2012

Several coal blocks may be reallocated to Coal India

As the Inter Ministerial Group (IMG) on the allocation of coal blocks rounded up its three-day review meeting, reports suggested that a number of undeveloped blocks may be deallocated and…