February 26, 2012

Violence halts Papua mine production

Freeport-McMoRan has suspended operations at it gold and copper mine in eastern Indonesia's Papua province due to fighting among its employees.

February 25, 2012

Vedanta consolidation to create world’s 7th largest natural resources company

London-based Vedanta Group (LON:VED) announced Saturday a merger of two of its subsidiaries, Sesa Goa and Sterlite Industries, into a new corporate entity to be named Sesa Sterlite.

February 24, 2012

Investors asked to wait once again before they can get their hands on world’s largest met coal deposit

The privatization process will see Mongolia's government holding a majority 51% stake after selling 19% to investors and distributing the remainder to its 2.7 million citizens, but the $3 billion…

February 23, 2012

China’s copper usage jumped 38% in October-November

During the first eleven months of 2011, global usage grew by only 2.7% over 2010, but accelerated in October-November to 12% due to an jump of 38% in China.

February 23, 2012

Nuclear energy to grow fourteen fold in India

India's Power Minister says that nuclear power will add 63,000 MW of capacity, a fourteen fold increase, to his country over the next 20 years.

February 20, 2012

Did China’s central bank buy 139 tonnes of gold in the fourth quarter?

After surging in January, prices for gold and silver have been remarkably steady through the first three weeks of February, setting the stage for a possible big move sometime in…

February 19, 2012

Gold Fields seen to exercise option in Phl mining project

Gold Fields Ltd expects to exercise its option to take 60 percent of the Far Southeast gold-copper deposit in the Philippines in the second half when Lepanto Consolidated Mining Co.…

February 19, 2012

India’s gold demand drops below China in Q4

Wild price swings caused by a volatile rupee sapped Indian buying interest in gold in the fourth quarter of 2011, with imports well short of expectations and no pick up…

February 15, 2012

India diamond industry under threat from Chinese dragon

Is the Rs 80,000 crore worth of diamond manufacturing industry in the world's biggest diamond cutting and polishing centre in Surat under threat from the Chinese dragon? With a huge…

February 15, 2012

Rosy Blue may turn to Rio Tinto for raw diamonds

n what can be termed as a major fallout of the indication given by the world's largest raw diamond producer De Beers that it may not increase production this year,…