January 6, 2012

Rio Tinto makes diamond foray in India

Could Indian diamonds be in Rio Tinto's future? According to Daily News and Analysis, the Australian mega-miner has received approvals-in-principle from the Ministry of Mines to begin diamond mining operations…

January 6, 2012

Everything you have ever wanted to know about gold: illustrated

NumberSleuth produced a fantastic gold infographic illustrating all the major trends: how much above-ground gold (gold that has been mined) is there in all the world, and how much gold…

January 5, 2012

Australian diamonds are India’s best friend

The growing Indian economy and Rio Tinto's underground plans in Western Australia are behind an estimated 36 per cent jump in Australia's diamond and gem mining revenue in the coming…

January 5, 2012

Mothballed nuclear power plant is re-imagined as a beach resort

A nuclear power plant that was built in the Philippines but was never fueled up nor run is now a key attraction at a beach resort getaway.

January 5, 2012

NMDC may pay $300 million for Mozambique, Russian coal mines

NMDC Ltd., India’s largest iron ore producer, plans to acquire two coking coal mines in Mozambique and Russia for about $300 million to feed its planned steel plants in India.

January 5, 2012

Landslide kills 25, buries more in Philippines

A landslide tore through a tiny gold-mining village in the southern Philippines on Thursday, killing 25 people and burying dozens more, months after the government warned residents the mountain was…

January 3, 2012

Indian gold import data disappoints – Commerzbank

Indian gold import data is much lower than expected, according to the Bombay Bullion Association, says Commerzbank, and this could have implications for physical prices. Commerzbank notes that the association…

January 2, 2012

Grasberg copper-gold mine workers’ return to work delayed again

According to a senior union official, workers at Freeport's huge Indonesian copper-gold mining unit have delayed their return to work again and may now restart work Tuesday

January 1, 2012

Prophecy Coal Obtains Credit Facilities Totaling $7 Million To Advance Chandgana Project

Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) is pleased to announce that it has executed a term sheet for a secured debt facility of up to $5 million (the…

January 1, 2012

Coal India may form subsidiary for buying coal assets in South Africa

State-run Coal India (CIL) is likely to set up a subsidiary for buying coal assets in South Africa, as part of efforts to boost its output.