June 25, 2012

Coal prices sink again as Chinese storage yards near capacity

Analysts are now saying that the world's second largest economy may not be the "long-term structural importer of thermal coal" suppliers have been betting on.

June 24, 2012

Bear market in commodities a risk for equities

Economic data last week from around the world have dampened the demand outlook for basic resources.

June 24, 2012

Smaller coal miners operate below cost

As many as 10 percent of Indonesian coal producers are operating mines below cost after prices for the commodity slumped amid weaker Asian demand, according to Australia & New Zealand…

June 21, 2012

The secular commodity supercycle explained in just one chart

Commodity bulls point to the massive build out in the developing countries to buttress their argument that the long-term outlook for metals is bullish—and the party has only just begun

June 21, 2012

Alrosa’s board talks about the future

The company's supervisory board, which met in the wake of Russia's announcement to sell its in 51% stake in Alrosa, outlined intentions to reduce open-pit mining, increase diamond reserves to…

June 21, 2012

Uranium mining in Asia to flourish thanks to rising demand for nuclear power

According to the Australian Bureau of Resources and Energy Economics and Sciences, the spot price of uranium, which averaged $62 per pound mark in 2011, will reach around $81 a…

June 21, 2012

Adani refutes foreign workers accusations

Indian coal mining giant Adani denied claims it's cheating the Australian migration system by sneaking in foreign workers.

June 21, 2012

China has ‘paid a big price’ for its rare earth industry: government

China is restricting the export of rare earths to protect its environment, said Su Bo, vice-minister of industry and information technology at a news conference in Beijing on Wednesday.

June 20, 2012

Papua New Guinea won’t budge over Nautilus seabed mine. Shareholders abandon ship

Canada's embattled Nautilus Minerals dropped 11.5% on Wednesday after Papua New Guinea said it is within its rights to terminate a deal made last year for the development of the…

June 20, 2012

Olympus announces chief operating officer’s resignation

In tow of the John Seton's announcement, Olympus stock climbed 14% to close at $0.28.