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…

March 21, 2012

No Sri Lanka coal power plants after 2030

There will not be any opportunity in the world to run coal power plants after the year 2030, the Minister of Power and Energy, Patali Cahampika Ranawaka said.

March 21, 2012

Rio Tinto in Mongolian power struggle

A power solution for one of Rio Tinto's most prospective mines remains elusive, raising doubts over whether plans to be in production within six months can be achieved. T

March 20, 2012

Oyu Tolgoi named one of ’10 Beautiful Places We Could Destroy With Human Drilling’

The widely read Huffington Post in one of its characteristically breathless pieces on the environment on Tuesday calls out Ivanhoe Mines’ Mongolian project.

March 20, 2012

Anglo looking for new coal assets

Anglo American is looking for thermal coal assets in Australia and Indonesia, especially as prices of potential targets have come down, the head of its thermal coal unit said in…

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…