April 30, 2012

Imports likely down 30% as gold hits all-time rupee high

Indian gold imports are likely to plummet this year as a crashing currency and new taxes send domestic gold prices soaring.

April 30, 2012

Chinese firm has plans to revive Uganda’s Kilembe copper/cobalt mine

Gingko Energy Company plans to spend $100 million over five years to revive production at the Kilembe copper/cobalt mine, which was abandoned in the early 1980s due to political turmoil.

April 30, 2012

Mongolia’s mine law change unlikely to be retroactive – minister

Vice finance minister, Chuluun Ganhuyag, says the proposed new law will only apply to investment in certain deposits, but the list will go beyond the country's current list of strategic…

April 30, 2012

Japanese joining Indians, Chinese as major gold buyers

According to Michael Lombardi, lead contributor to Profit Confidential, there is mounting evidence of large amounts of buying in the gold market by India, China and now, Japan.

April 29, 2012

Silver import in Gujarat jumps by 194 pct in 2011-12

There has been a sharp rise in import of silver in Gujarat for the year 2011-12 compared to the previous year owing to better returns on investments in the precious…

April 29, 2012

Indian economy to grow despite politics over policy paralysis: Lakshmi Mittal

NRI business tycoon Lakshmi N Mittal on Sunday said India's economy will continue to grow despite politics over policy paralysis.

April 29, 2012

S Korea to pursue energy and infrastructure projects worth USD 11.1 billion in Venezuela

Yonhap reported that South Korea will pursue 5 energy and infrastructure development projects in Venezuela worth USD 11.1 billion that could open new business opportunities for local companies in the…

April 29, 2012

Gold soars in India to new high on frantic buying

Gold prices surged for the third consecutive trading session on Saturday to touch a new peak at the bullion market in Mumbai, driven by consistent investment and speculative demand.

April 29, 2012

20.5% surge in Japan’s diamond imports

With the exception of a minute decline in January, polished diamonds imports by Japan completed a yearlong rise in March.

April 27, 2012

Social responsibility in mining is basic risk management, not feel-good projects

Corporate Social Responsibility initiatives by mining companies operating in emerging markets in South America, Africa and Asia have become a crucial part of doing business as “above-ground risks are quickly…