December 8, 2011

With these gold rings I thee wed… bullion hits record high in rupee

Gold today rallied to an all-time high of Rs 29,540 per 10 grams in the bullion market here by adding Rs 240 on the back of marriage season demand amid…

December 8, 2011

Japan’s Gold Exports Most Since 1985 as Individuals Sell Jewelry, Bars

Gold shipments from Japan, the world’s third-largest economy, are at the highest level since at least 1985 as individuals who purchased jewelry more than 20 years ago are selling it…

December 8, 2011

India iron ore giant NMDC says still keen on Australia despite new taxes, labour costs

The head of India's biggest iron ore miner says Australia's reputation as a very favorable place to invest has not been dented by the combination of a carbon tax, mining…

December 8, 2011

Talison Lithium and Sojitz Sign Memorandum of Understanding

Talison Lithium Limited ("Talison") (TSX:TLH) and Sojitz Corporation ("Sojitz") announced today that they have signed a Memorandum of Understanding ("MOU") to discuss on a non-exclusive basis collaborative marketing and distribution…

December 7, 2011

10 Indian diamond traders jailed in China; 12 to be deported

Ten of the 22 Indian traders, charged with smuggling diamonds worth USD 7.3 million into China, were today sentenced to varied prison terms ranging from 23 months to six years…

December 7, 2011

Intrepid Mines copper-gold output increased over 70 percent to 1.7 billion tonnes

Intrepid Mines Limited (TSX:IAU)(ASX:IAU) ("the Company") reports that assay results from drilling completed in the last six months around the known porphyry copper-gold zone of the Tumpangpitu area of the…

December 7, 2011

FT asks if Indians’ love of gold is destroying their economy

Based on new research by investment bank Macquarie titled India’s Fatal Attraction, the FT asks if India’s weddings are destroying its economy given the huge importance of gold in the…

December 5, 2011

Tata launches new coal haulage truck with Allison transmission

Tata Motors, India’s market leader in commercial vehicles and the world’s fourth largest truck manufacturer, has launched the new TATA Prima 3138.K 8X4 tipper equipped with an Allison 4430R transmission…

December 3, 2011

Philippines set to offer 30 coal projects first quarter 2012

The Philippines will offer 30 coal exploration projects in the central and northern provinces, where mining is not yet banned that may need total investments of $600 million at a…

December 3, 2011

Groups urged pullout of Norwegian mining firm for violating OECD guidelines

Environmental groups are calling for the withdrawal of a Norwegian firm seeking to mine for nickel in Mindoro after it was found in violation of guidelines for multinational enterprises established…