January 31, 2012

Iron ore hits a wall

After staging an impressive comeback from October's lows, the rally in iron ore prices seems to have run out of steam.

January 30, 2012

Indonesia revokes Australian miner’s licence following violent protests, fatalities

The Indonesian Government has revoked the exploration licence of the partner of Arc Exploration following violent protests by locals that have left two people dead. Locals have been protesting the…

January 30, 2012

Undur Tolgoi Minerals Inc. Announces Winter Work Program Over Mongolian Property

Undur Tolgoi Minerals Inc. ("UTM" or the "Company") (CNSX:UTM) is pleased to announce that its Board of Directors has reviewed and unanimously approved an exploration Program (the "Work Program") for…

January 29, 2012

Snubbed by China, Vale diverts $100 million worth of iron ore cargoes to Philippines

Vale SA is diverting iron ore shipments to the Philippines as a way of shipping its product to China, as the Asian economic powerhouse continues to resist super-sized vessels destined…

January 29, 2012

Flood in illegal Philippine gold mine kills 2

Police say seawater has flooded an illegal gold mine in a remote area of the Philippines, killing two miners.

January 29, 2012

Bangladesh signs deal for Indian-run company to build $1.5 billion coal-fired power plant

Bangladesh has signed a deal with an Indian state-run company to build a $1.5-billion coal-fired power plant to help ease a severe shortage.

January 29, 2012

Indian Diamond Industry to Train Tribal Women to Cut and Polished Diamonds

An initiative by the Surat Diamond Association, the Gems and Jewellery Export Promotion Council, and the District Rural Development Agency will train poor tribal women as diamond cutters and polishers,…

January 29, 2012

Limpopo coal deal under scrutiny

The board of Indian state-owned company Coal India will decide in Kolkata tomorrow whether to go ahead with a controversial possible joint venture with the Limpopo provincial government.

January 29, 2012

Fukushima was a blip; uranium fundamentals stronger than ever

The meltdown at the Fukushima Daiichi nuclear plant last March had uranium investors fleeing for the exits. While the nuclear fuel used to make yellowcake had enjoyed something of a…

January 28, 2012

Indonesia revokes gold mining permit amid violence

Indonesia on Saturday revoked a gold mining exploration permit granted to an Australian miner following a series of violent protests against the project left two dead last month, reports said.