March 15, 2012

Grasberg strike bites into Freeport’s production outlook

Freeport McMoRan Copper & Gold Inc will produce 80 million pounds less copper and 125,000 ounces less gold due to labour strife at the company's Grasberg mine in Indonesia.

March 15, 2012

Vale, Newmont Retain Appetite for Indonesia Mines Amid Stake Cut

Global companies led by Vale SA (VALE5) and Newmont Mining Corp. (NEM) plan to invest in Indonesia’s mines, undeterred by a new rule cutting foreign ownership, as they hunt for…

March 14, 2012

Prosperity Resources increases interest to 80 pct in two gold, copper licences in Indonesia

Prosperity Resources ' ( ASX: PSP ) 81%-owned Indonesian subsidiary PT Prosperity Surya Persada has acquired an 80% equity interest in two key gold-copper licences in Aceh Province in Indonesia.

March 14, 2012

Uralkali cutting Potash output 40%

OAO Uralkali, the world’s biggest potash producer by output, is cutting first-quarter production by about 40% from a year earlier after China and India postponed purchases and may further reduce…

March 12, 2012

Vedanta weaving nest for migratory children in Nilgiri

In India, a large part of the contract or daily wage labour move from one state to another for want of work.

March 11, 2012

Indonesia’s Rule No. 24 likely to embolden other nations to grab more from mining

Indonesia surprised the global mining community last week after a new rule – Government Regulation No. 24 of 2012 – was quietly announced on the mining ministry's website. A growing…

March 11, 2012

Diamonds surpassing gold as Indian investors’ key target

Times of India reports that diamonds have surpassed gold in the country as key objective for investment, particularly among wealthy individuals who are wary of the volatility in the prices…

March 11, 2012

BRIIC is a better BRIC

For a variety of reasons, Indonesia has earned the right to be considered as a premiere destination for emerging market investment.

March 9, 2012

Reliance puts the record straight on new Indonesia mining law, but not before investors take it down 11%

Reliance Resources on Friday issued an update in relation to the recently announced Indonesian Government Regulation No. 24 of 2012, regarding foreign ownership of mining projects after its share price…

March 9, 2012

Mongolian politics pushes stake sale of massive coal mine further out

Mongolia's plans, first mooted in 2010, to sell a stake in its Erdenes Tavan Tolgoi coal-mining company  to the public faces more delays over politics and regulatory problems while talks with…