March 7, 2012

Indonesia rule change rattles foreign mine owners

Indonesia will take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment in the world's…

March 5, 2012

Rio Tinto to invest $2bn in Indian iron ore project

Rio Tinto plans to invest $2 billion in an iron ore project in the eastern Indian state of Orissa to supply Indian and overseas clients, Sam Walsh, head of the…

March 5, 2012

New Guinea Gold Corporation to wind down

Canadian miner New Guinea Gold Corporation (NGG) has announced that it will cease its ore mining operations at the Sinivit Mine in East New Province.

March 4, 2012

India’s central bank looking forward to drop in gold price after decade of ‘panic’ buying. Huh?

A new study by India's central bank asks whether gold bullion as a safe haven investment has turned into an asset bubble and crucially, if that bubble should burst, would…

March 4, 2012

Indian billionaires jostle for Australian coal mines

Driven by an insatiable demand for energy back home, a number of Indian billionaires are jostling to get their hands on Australian coal mines.

March 4, 2012

India’s thorium not coal holds the key to solve power crisis

Coal or thorium, is the question before the nation's power generation sector not in the short run but in the long term, both having its pros and cons. Enhancing the…

March 3, 2012

Indians’ love affair with platinum was brief

The Business Standard reports now that platinum trades more in line with the gold price, Indian jewellery buyers are moving back into gold.

March 1, 2012

Oyu Tolgoi sucks up cash and Ivanhoe must sell off assets. Investors chase stock up 5% betting on rich buyers

After steady gains throughout the day Ivanhoe Mines – building one of the richest copper and gold mines in the world – ended Thursday up 5.47% after CEO and founder…

March 1, 2012

Potashcorp says 2012 should see record potash demand. India slashes subsidies 20%

Potashcorp, the world's number one producer of the soil nutrient, also expects balanced or tight supply for the next four years.

February 29, 2012

A fall in the gold price could boost India’s financial system: Reserve Bank

Rather than drastically change or destabilise the Indian financial market, a correction in the price of gold could actually mitigate financial stress, a paper by India's central bank has noted.