June 14, 2012

Scathing report calls India’s 2,600 mines ‘out of control’

Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two…

June 14, 2012

India’s iron ore exports plunged 28% in May

Coking coal imports grew 32% primarily due to higher steel production.

June 13, 2012

Frenzy for Aldridge Minerals after resource update

Stock is up 28% after reporting an indicated resource of 2.6 million gold equivalent ounces at 3.05 g/t and a tripling of the inferred resource.

June 12, 2012

Why Indians end up buying gold

India should be doing better, according to Raghuram Rajan, a professor of finance at the University of Chicago, but bad government policy keeps stepping on the country's growth and sends…

June 12, 2012

From mine to finished magnets: Molycorp closes US$1.3 billion acquisition of Neo Materials

US-based rare earth miners, Molycorp (NYSE:MCP), gets a foothold in Asia after completing its US$1.3 billion acquisition of Canadian-based Neo Material Technologies Inc. (TSX:NEM).

June 11, 2012

WCB watches stock soar

WCB’s stock jumped 42.86% price after gaining access to a "world class" gold and silver mining area.

June 11, 2012

Black hole: US coal stocks now down over 60% in 2012 as thermal price hits 2-year low

Coal executives believe that as much as 10% of the production serving the seaborne market could be losing money at current prices.

June 11, 2012

Thohir plans coal-fired future for Indonesia

Coal exports are one of Indonesia’s biggest foreign-exchange earners. So it seems counterproductive for Jakarta to be considering export restrictions and increased royalties for coal, as part of a sweeping…

June 11, 2012

Singapore state fund builds up stake in Ivanhoe, does nothing for share price

Singapore's sovereign wealth fund Temasek Holdings has taken up a 5.5% stake in Canada's Ivanhoe Mines valued at roughly $420 million ahead of a $1.8 billion rights offer at the…

June 11, 2012

WCB Resources Ltd. gains access to world class gold and silver mining area, Misima Island

The company has entered into an exploration Farm-In Agreement with Pan Pacific Copper on Misima Island, Papua New Guinea.