March 23, 2012

China on the prowl for mining investments in Africa, S.America and Asia

Chinese investors are turning their focus to emerging economies as they look to expand their demand for commodities and switching away from Australia and Canada, which are getting too expensive.

March 23, 2012

India wants to truck Afghan ore through Pakistan

India is hoping to bury the hatchet with its historical rival Pakistan, at least enough for both sides to benefit from a massive iron ore deposit in Afghanistan.

March 23, 2012

Breakdown: All the gold price indicators now point down

“Sentiment towards gold is as low as it has been for many years, possibly since the rally started. ... For virtually the first time this cycle, buying gold is a…

March 22, 2012

Tata Group looking to partner with South African coal miner

The Tata Group, India's largest conglomerate, is said to be investigating a joint venture with South African coal producer Increase Coal.

March 22, 2012

India’s new tax measures may impact global diamond demand

With diamond jewelry demand booming in India, the phenomenal rise of domestic consumption has somewhat compensated for the decline in diamond jewelry demand in the traditional markets, especially the United…

March 22, 2012

Gold from Thailand, China flood Indian markets

India's duty hike has made domestic gold jewellery more expensive than imported jewellery, with retailers stocking up on cheap imports from Thailand and China to quell demand.

March 22, 2012

India loses $210bn in coal sales in ‘mother of all scams’

In what opposition parties call the "mother of all scams", a government auditor's draft report says India lost up to $210 billion in revenue by selling coal deposits too cheaply.

March 22, 2012

Gold Fields buys 40 pct stake in Philippine gold/copper project

The world's fourth-largest bullion producer acquired the stake after making a $110 million down payment this week and retained the option to acquire an additional 20% in the Far Southeast…

March 21, 2012

Aussie tax may have silver lining in higher coal, iron ore prices

The 30% tax on iron ore and coal producers passed by the Australian government may raise the prices of those commodities but will also shrink margins of steelmakers, analysts say.

March 21, 2012

India’s polished diamond imports slashed 80% in February

A sharp decline in India’s polished diamond trade in February after an import tax started to be collected. India exported $1.44 billion worth of polished diamonds in February, a 53.7…