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.

December 31, 2011

Pan Asia Corporation receives $1m commitment from Kopex for Indonesian thermal coal project

Thermal coal company Pan Asia Corporation (ASX: PZC) has clinched $1 million in funding from Kopex for drilling through to final feasibility study at its flagship TCM coal development project…

December 30, 2011

Possible nationalization and underworld ties: things go from bad to worse at Japan’s top power company

The Atlantic is reporting that Tokyo Electric Power Company (TEPCO), Japan's chief supplier of electricity and the company that runs the Fukushima Daichii nuclear plant, will be nationalized due to…

December 30, 2011

Oyu Tolgoi looks forward to 2012 and first copper-gold-silver production

The year of peak construction activity at Oyu Tolgoi mine in the Gobi desert of Mongolia (IM April and May issues this year) is nearing its end, with the project…

December 30, 2011

Hindustan Copper awards contract to 3 Chinese companies to develop copper mines in India

Three Chinese companies are part of consortiums that have bagged Rs 1,800-crore worth of five contracts awarded by state-owned Hindustan Copper to raise its production four-fold to 12 million tonnes…

December 29, 2011

Australian gold mining firm halts exploration in Indonesia

An Australian gold mining exploration company said yesterday it had halted activities at a project in Indonesia, after a violent protest at a nearby port last week that left two…

December 29, 2011

Japan’s preference for higher value diamonds continues

After the pre-holiday season restocking phase in September and October, Japan’s polished diamond imports eased to $62.1 million in November.

December 29, 2011

Goa’s iron ore continues crossing borders suspiciously

Goa's mining industry, in the last six months, has reported almost 10 per cent of its Iron ore being exported under doubtful circumstances despite being under strict surveillance for illegal…

December 28, 2011

Diamond prices to rise over four years

Diamond prices are poised to rise for the next four years, outpacing gold, as increased spending on luxury goods in China, India and the Middle East outpaces supplies of the…