May 20, 2012

Throwing BRICS into the fire of gold and silver investment demand

Despite ongoing pressure from the United States for China to join its sanctions against Iran due to concerns over the Islamic country’s nuclear program, an Iranian diplomat recently revealed that…

May 20, 2012

Al Rajhi eyes RM100m in gold sales

AL Rajhi Bank Malaysia, which introduced its gold investment product last year, is targeting sales of close to RM100 million worth of gold this year.

May 20, 2012

MMTC inks supply pacts with Japanese, South Korean steel companies

State-owned trading giant MMTC has inked pacts with Japanese and South Korean steel companies including Posco, to supply 2.8 million tonnes of iron ore annually for a period of three…

May 19, 2012

Adani Australia head quits amid $11 bln coal project delay

The Australian head of Adani Enterprises quit this week amid delays in getting approval for the Indian company's A$10.9 billion ($10.9 billion) coal and rail projects in Queensland.

May 18, 2012

China’s rare earth quotas are a joke. 74% of oxides never left port this year

Chinese authorities added 10,680 tonnes to the country's export allowance this week but it is something of a meaningless exercise because during the first quarter China only exported 26.3% of…

May 18, 2012

India the next China? Don’t bet on it, says BHP

Michael Pascoe, writing for the Sydney Morning Herald, hits on a little-reported theme gleaned from remarks by BHP Billiton chairman Jac Nasser this week in Sydney.

May 18, 2012

China is developing a grid better for coal than renewables: report

China won’t meet its carbon and energy intensity targets unless dramatic changes to its electricity grid are applied, says a study by U.S.-based Energy Transition Research Institute.

May 18, 2012

Mining industry plans to invest $20 billion in renewable energy by 2020, forecasts Pike Research

According to a new report from Pike Research, worldwide investment by the mining industry on renewable energy and energy conservation will reach approximately $8.4 billion by 2016 and nearly $20…

May 17, 2012

Mongolia legislates caps on foreign investment

Mongolia is capping foreign investment in certain industries, including mining, in an attempt to keep profits inside the mineral-rich nation's borders.

May 17, 2012

Crated and buried Spitfires cause business split

Two business partners have fallen out over attempts to dig up about 60 pristine Spitfires that were put in storage and buried in Myanmar after World War II. Each is…