November 17, 2011

PHI Group to Acquire Indonesian Coal Assets

PHI Group, Inc. (PINKSHEETS: PHIE) (OTCQB: PHIE), a company engaged in energy and natural resources, real estate development, and M&A advisory services, announced today that it has signed a letter…

November 17, 2011

Gold slides as Europe ‘numbs’ traders to bullion fundamentals

Gold futures for December delivery dropped 3.2%  or $57 to $1,717.30 an ounce on the Comex division of the New York Mercantile Exchange by early afternoon on Thursday. Gold's weakness…

November 17, 2011

Lifting ban on uranium exports to India will benefit Aussie miners: legal firm

Australian legal firm Minter Ellison predicts that lifting the ban on Australian uranium exports could present significant opportunities for mining companies in Australia, as Indian and other foreign state-owned enterprises…

November 17, 2011

China tops Indian gold jewelry demand for first time

According to the World Gold Council’s Gold Demand Trends report for the third quarter 2011 released today, demand reached 1,053.9 tonnes, an increase of 6% compared to the same period…

November 17, 2011

Wallets fat, Japanese trading companies ready to splurge on copper assets

Anglo American's $5.4 billion sale of its 24% stake in Codelco to Mitsubishi — Japan's largest trading house — is just the beginning of further rounds of competition between Japanese…

November 17, 2011

BHP to consider India uranium sales

BHP Billiton says it will review its position on selling uranium to India if the Federal Government reverses its ban on sales to India.

November 16, 2011

Rough, Polished Prices Rise In Mumbai

Both rough and polished diamond have risen in Mumbai. Rough prices have gone up by between 8- and 10 percent, while polished prices have firmed up between 2 and 5…

November 16, 2011

Dumas Contracting forms strategic mining alliance in Mongolia

Dumas Contracting and Monnis International have entered into a strategic alliance to jointly undertake underground mining projects in Mongolia. Monnis is based in Mongolia and has leading positions in Mongolian…

November 15, 2011

Fortescue CEO suggests link between mining tax deal and uranium sales to India

Yesterday's announcement by Australian PM Julia Gillard to consider lifting the ban on uranium sales to India is raising eyebrows at one of the country's largest iron ore producers. News.com.au…

November 15, 2011

GIA, GJEPC Sign Education Agreement

The GIA will run its education programs at the Indian Institute of Gem & Jewellery in cities across India. The IIGJ is an initiative of the GJEPC. A formal agreement…