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,…

February 13, 2012

Indian group plans Qld’s biggest coal mine

An Indian conglomerate is planning to build Queensland's biggest coal mine near Rockhampton in the state's central region, including a new town, runway, railway and port facilities.

February 13, 2012

Philippines looking to revamp mining rules in latest example of resource nationalism

The Philippines is taking a cue from South Africa, Australia and Zambia, all recent examples of government attempts to extract more revenues from their mining sectors and add more controls.

February 13, 2012

SouthGobi Resources Successfully Commissions Dry Coal Handling Facility at Its Ovoot Tolgoi Mine in Southern Mongolia

SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) announced today the successful commissioning and startup of the dry coal-handling facility ("DCHF") at its Ovoot Tolgoi coal mine in southern Mongolia.

February 13, 2012

Batu Hijau 2012 output to drop 33 pct – Newmont

According to officials from Newmont Nusa Tenggara, Batu Hijau's gold and copper production will temporarily plunge this year as the mine pit is expanded.