November 22, 2011

Prophecy Coal bags licence to build coal-fired power plant in Mongolia

Vancouver-based junior Prophecy Coal (TSE:PCY), which moved to the TSX main board last month, has landed a major deal to build a coal-fired power plant in Mongolia. The company said…

November 22, 2011

New coal mines pose threat to India’s 1,400 remaining tigers

The arrival of four tiger cubs in Tadoba – one of the country's oldest national parks – has brought cheers to wildlife lovers. However, rampant coal mining in Chandrapur and…

November 22, 2011

India’s SAIL to up iron ore purcahse to 39 mln T in 2013

The state-owned company will also boost coking coal purchases to 21 million tonnes in 2013 from 13.8 million tonnes in 2010, Director Shuman Mukherjee told an industry conference on Tuesday.

November 21, 2011

India not making headway with potash buys abroad

The Business Standard reports a senior official from India's state department of fertilizers says so far the country's effort to secure potash imports at a better price by aiding Indian companies…

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…