August 3, 2012

Mongolia’s champion of resource nationalism is going to jail for four years

Former president Nambaryn Enkhbayar was found guilty on corruption charges and sentenced to four years in prison just weeks after he made a political comeback with his Mongolian People’s Revolutionary…

August 3, 2012

India’s coal mines threaten dwindling tiger population

India's tiger population has dwindled from tens of thousands a century ago to a mere 1,411 according to the last official census.

August 3, 2012

CGA announces 500,000 ounces milestone at Masbate gold project

CGA is pleased to announce that on 2 August, the Masbate Gold Project poured it's 500,000th ounce of gold.

August 2, 2012

Add German complications to Papua New Guinea problems for Nautilus undersea mine

The Toronto-based company said in the report it continues to engage the government of PNG in legal proceedings held in Sydney Australia but that it has run into trouble with…

August 2, 2012

Southgobi up 6% at open as Chalco bid is extended

SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) climbed 6.25% on Thursday as markets opened after announcing it was notified by majority shareholder Ivanhoe Mines that […]

August 2, 2012

SouthGobi Resources notified Ivanhoe Mines and Aluminum Corporation of China Limited (Chalco) agree to extend time for proportional takeover bid for SouthGobi Resources

SouthGobi Resources was notified today that Ivanhoe and Chalco have agreed to extend until September 4, 2012 for Chalco to make a proportional takeover bid for less than 56% of…

August 2, 2012

Allied Gold Mining announces claim filed

The company claims, among other things, $24.9 million on account of gold loss and $17.1 million on account of throughput loss arising directly from defective work carried out by GRES.

August 2, 2012

India’s blackout exposes choice between water and electricity

In India, like in the United States, the power sector is the single largest user of water – more than agriculture. Presuming that India could solve its power problems and…

August 1, 2012

Dilution ahoy! Nautilus offers major investors new shares for less than 52-week low

Nautilus Minerals dropped 7.3% to $1.02 in late-afternoon trade on Wednesday, after the Toronto-based firm announced that it is raising $34 million from its major shareholders at 90c a share…

August 1, 2012

Nautilus to raise funds and continue equipment build

The company plans to raise approximately $34 million through a private placement of 37.7 million shares at a price of $0.90 per share to assist with the continued funding of…