February 9, 2012

Jewellers resume buying gold, diamonds as rupee rise pauses

The 6,000-odd registered jewellers in the country seem to have again started booking raw material, believing the recent sharp recovery in the rupee's exchange rate is over for now and…

February 8, 2012

Indian iron ore mining mess – Supreme Court panel moots market rates for Karnataka iron ore

Iron ore miners and consumers in Karnataka, including NMDC, the country's largest iron ore producer, and JSW, India's largest private sector steelmaker, will have to grapple with higher costs and…

February 7, 2012

Gunmen kill Indonesian police officer near Freeport-McMoRan’s gold, copper mine

Unidentified gunmen have killed a police officer near the U.S. company Freeport-McMoRan’s gold and copper mine in eastern Indonesia.

February 7, 2012

New uranium mine in India slated for April startup

The Hindu Business Line reports the Tummalapelle uranium mine in the YSR district of Andhra Pradesh, India, will be commissioned by early April.

February 7, 2012

Russian Railways to build $1.7 bln coal line in Indonesia – govt

Russia's state railway firm Russian Railways plans to build a train line to transport coal in Indonesia's East Kalimantan province on Borneo island, with $1.7 billion of investment for a…

February 6, 2012

Ethical Coal: Mongolia’s sparkling potential amidst regional energy demand

Mongolia is land-locked country in East and central Asia, bordered by Russia to the north and China to the south, east and west. With a population of 2.8 million people…

February 6, 2012

New gold and copper deposits found in India

Hint of significant gold and copper deposits have been found in Rajasthan, Karnataka and Uttar Pradesh, with the gold reserves believed to be world class.

February 5, 2012

Tata Steel Canada arm inks deal for rail transportation of iron ore

Tata Steel Minerals Canada (TSMC), the 80 per cent subsidiary of Tata Steel in Canada, has entered into a “life of mine” rail transportation contract with Quebec North Shore and…

February 5, 2012

Xanadu acquires South Gobi licences

Xanadu Mines has acquired two licences in the highly prospective South Gobi porphyry belt in southern Mongolia.

February 3, 2012

Minemakers shares soar 20% on acquisition reports

Minemakers (ASX: MAK) shares jumped about 20% today, following media reports that major Indian company NMDC has plans to acquire the company’s Wonarah rock phosphate reserves.