March 20, 2012

India working on mining tax

An Indian government task force comprising representatives of steel, mines, forest and environment ministries was working on modalities for levy of a Forest Development Tax (FDT) on minerals mined from…

March 20, 2012

Indonesia May Lose US$ 916 M from Coal Export Ban

Indonesia could incur a potential loss of up to US$ 916 million from the low-calorie coal export ban starting in 2014, according to mining experts.

March 19, 2012

Iron ore demand will double by 2030: RMG

The global demand for iron ore will double over the next 18 years driven primarily by China's and India's appetite for steelmaking.

March 18, 2012

CBEC defends duty on gold jewellery, but traders adamant on strike

The (CBEC) has clarified that going by the current value of gold, the effective would amount to just Rs 90/10 gram. Also, small artisans who design and create jewellery for…

March 18, 2012

Mining firm, govt in crunch talks over indigenisation

New Dawn gold mining company is in negotiations with authorities in an effort to comply with the country's indigenisation laws.

March 18, 2012

Oyu Tolgoi to start copper and gold production in late 2012

As Chile is hit by falling ore grades and Peru is hit by delays due to populist agitation, the copper market is pinning a lot on the start of copper…

March 17, 2012

Canada sees mining resurgence: Scott Jobin-Bevans

Amid the bustle of the 80th Prospectors and Developers Association of Canada (PDAC) convention in Toronto, The Gold Report sat down with PDAC President Scott Jobin-Bevans for his take on…

March 17, 2012

India gold market body blow – import duty doubled

In a severe measure likely to lower the appetite for gold in the world's biggest bullion consumer, the Indian government has doubled import duty, in a move that could make…

March 16, 2012

Korea Resources wants at least 10% of world’s largest met coal deposit

State-run Korea Resources Corp. (KORES) is planning to invest at least US$532 million (600 billion won) in mining projects abroad this yea, particularly in the coal sector of Indonesia and…

March 16, 2012

Kobe Steel to invest $298 million in Southdown iron ore project in Australia

Kobe Steel, Ltd. announces that it reached agreement with trading firm Sojitz Corporation to take a 33% equity share in Sojitz Resources & Technology Pty Ltd, currently a 100% owned…