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…

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.