November 21, 2011

Mindoro Arranges Private Placement to Raise up to C$4 million for Gold Program

Mindoro Resources Ltd (TSX VENTURE:MIO) (ASX:MDO.AX - News) (FRANKFURT:WKN 906167) today announced it is undertaking a capital raising through the sale of up to 33,400,000 Common Shares and CDIs on…

November 21, 2011

White Energy bleeds as partner bails out

White Energy shares were pushed to new lows on Monday as it disclosed the rupture of negotiations with its Indonesian joint partner, exposing it to a $100 million loss on…

November 20, 2011

Gold demand in Europe spikes 135 percent due to market worries

Due to euro jitters and the U.S. credit downgrade, investment demand in Europe for gold jumped 135% to a record quarterly value of €4.6 billion. On Thursday the World Gold…

November 20, 2011

MONGOLIA – JV for coal and iron ore projects

A new joint venture has been formed between one of the world’s top oil and commodity traders and one of Mongolia’s largest private natural resources investors. The 50:50 JV between…

November 20, 2011

PHILIPPINES – Mindoro intersects high grade gold at Lobo

Mindoro Resources has intersected three high-grade gold intercepts on its Lobo project at Batangas. The infill and extension drilling program of epithermal gold at the Southwest Breccia has returned intercepts…

November 20, 2011

Value addition crucial to dev’t of mining sector – study

MANILA, Philippines - The Philippines must conduct a full-blown value-chain analysis for the mining sector and its subsectors in a bid to promote value addition in mining through downstream processing…

November 20, 2011

Uranium bombs despite India move

YOU couldn't even call it a boomlet. It was more like a ripple on a lake, and lasted about as long.

November 19, 2011

China Looks West as India Iron Ore Supply Slumps

China has began looking out for alternative markets to compensate for the Iron Ore trade deficit anticipated from India due to the prevailing crisis, a senior official said...

November 19, 2011

CMIE cuts growth target for durables, yarn, coal sectors [India Business]

CHENNAI: Economic slowdown in the country is taking afirmer grip on the back of rising interest rates, stubbornly high inflation, global economic uncertainty, rupee depreciation and a policy paralysis. Centre…

November 19, 2011

Workers at Newmont Indonesia on strike-official

Newmont Mining Corp's Indonesian unit said output was unaffected at its copper and gold mine even though 400 workers had gone on strike in a dispute over working shifts. "It…