April 8, 2012

New regulations on gold trading introduced in Vietnam

The Prime Minister has issued a decree on the management of gold trading, stipulating that the government will hold a monopoly over the production of gold bars as well as…

April 8, 2012

Russian diamond manufacturers criticize India

Access to rough diamonds has always been an issue for diamond manufacturers, and the backdrop to much commercial and national strife. Last week this was exemplified when a Russian manufacturing…

April 7, 2012

Tata Power eyes stake in South Africa’s Sekoko’s Waterberg Coal

Tata Power, India's largest private power producer is in talks with South African energy company Sekoko Resources to acquire a 30-per cent stake in the Waterberg Coal Project in South…

April 6, 2012

Indian gold traders call off strike after curbing March imports by as much as 80%

Indian imports may have tanked over 80% in March and could drop 40% in the second quarter after gold traders and jewelers went on a three week strike over taxes.

April 6, 2012

Top 10 gold producers: Indonesia leaves 31 tonnes underground

The price of gold averaged $1,571 an ounce in 2011 meaning the South East Asian country missed out on $1,7 billion in potential revenue.

April 5, 2012

Jewellery stocks down since gold duty hike

Jewellery stocks have been on the backfoot ever since the Budget 2012-13 announced measures to discourage gold imports that have added significantly to the country's current account deficit.

April 5, 2012

Too much of a good thing?

A recent study published by Canberra-based think tank The Australia Institute calls for a slowdown in mining investment.

April 5, 2012

Lynas rare earths plant in Malaysia gets momentary red light

Malaysia's Atomic Energy Licensing Board (AELB) has postponed granting a temporary rare earths mine operating license (TOL) to Australian miner Lynas Corp. (ASX:LYC) until an outstanding appeal by residents to…

April 5, 2012

Rio and BHP should team up: analysts

Rio Tinto and BHP Billiton could have more success selling their diamond assets if they team up, according to analysts from Nomura.

April 4, 2012

BRICS plan for the future

Last week, the leaders of Brazil, Russia, India, China, and South Africa met in New Delhi for their fourth annual "BRICS" summit. The meeting brought together five countries that together…