August 31, 2012

Don Coxe recommends investors read Lenin to understand the markets

China and India have always been crazy for gold and the yellow metal remains the choice store of value in those two countries, says Don Coxe, a strategic advisor to…

August 31, 2012

Athabasca confirms oil sands venture

Athabasca Oil Corp. (TSX:ATH) confirmed Friday that it is in the preliminary stages of establishing a joint venture for two of its Alberta oil sands assets, but it declined to…

August 31, 2012

India looks for rare earths under the sea

India is already building a rare-earth mineral processing plant in the east coast state of Orissa and will invest $135 million in a new exploration ship and the refurbishing of…

August 31, 2012

Chinese firms invest in smelters as Indonesian ore export ban approaches

Chinese firms plan to invest up to AUD$8.6 billion in Indonesian smelters to mitigate the impact of a ban on unprocessed ore exports.

August 29, 2012

Iron ore freefall catches miners

Iron ore prices hit the lowest level since November 2009 on Tuesday as the commodity crashed 4.6% closing at $94.80. The dive proved a drag for producers of the commodity,…

August 29, 2012

Newcrest restarts Lihir mine

Gold producer Newcrest Mining (ASX:NCM) resumed its operations at the Lihir project, in Papua New Guinea, following the resolution of a dispute lodged by the Lihir Mining Area Landowners Association…

August 28, 2012

Land fight forces Newcrest to shut Lihir gold mine

Australia’s largest listed gold company by market capitalization, Newcrest Mining (ASX:NCM), said Tuesday it had to suspend production at its flagship Lihir mine in Papua New Guinea, as protests from…

August 28, 2012

Rio Tinto unveils its first Indian diamonds

Mining giant Rio Tinto (LSE:/NYSE:/ASX:RIO) has unveiled its inaugural set of jewelry made using diamonds from its Bunder mine project in India's Madhya Pradesh.

August 27, 2012

Chinese acquired Canadian gold miner Inter-Citic for $252 million

Inter-Citic Minerals Inc. (TSX:ICI) stocks soared over a third Monday after the company revealed it was being acquired by a subsidiary of China-based Western Mining Group, in a deal that…

August 27, 2012

Split Coal India says government panel

A government board is suggesting to split India’s state-owned Coal India Ltd (NSE:COALINDIA), the world’s largest coal producer, or at least allow joint venture partners to foster competition in the…