November 15, 2011

Australian PM poised to allow uranium sales to India

The Australian uranium mining industry has a sympathetic ear in Prime Minister Julia Gillard. Gillard announced she will push for the ALP to dump its ban on uranium sales to…

November 14, 2011

Nickel surplus likely to jump, says top Japanese producer

Japan's top nickel producer, Sumitomo Metal Mining Co., is predicting a glut in the supply of the metal. Bloomberg reports a global nickel surplus may soar in 2012 to the…

November 14, 2011

Crazy Horse Resources Inc.: New PEA Increases Post Tax IRR to 29.3% and Reduces Initial Capex by 41% on Taysan Copper Gold Project

Crazy Horse Resources Inc. (TSX VENTURE:CZH)(OTCQX:CRZHF) (the "Company") is pleased to announce that its new management has completed a review and scoping study of the Taysan Copper-Gold Porphyry Project in…

November 14, 2011

Ivanhoe Mines announces financial results and review of operations for the third quarter of 2011

Overall construction at Oyu Tolgoi continues to advance on budget and reached a 54.4% level of completion at the end of Q3'11. Key elements of the project, including the concentrator…

November 14, 2011

New Caterpillar mining truck facility for Indonesia and expanding mining truck and large track-type tractors in US

With a long-term view toward enhancing support for mining customers, Caterpillar announced plans on Friday to build a mining truck facility in Indonesia and to invest to increase capacity at…

November 14, 2011

Indians switch to bars and coins as festival jewellery sales plummet 25 – 30%

The Economic Times reports gold and diamond jewellery sales across India fell by 25-30% in grammage terms during Diwali due to rising gold prices and a noticeable shift to coins…

November 13, 2011

Australia mines minister: Carbon, mineral ‘super’ tax won’t deter investors. India begs to differ

Australia's Minister for Resources, Martin Ferguson, has rejected reports in the Indian press that the carbon tax and mineral resources rent tax will deter foreign investment as it pushes up…

November 13, 2011

Blanket ban on iron ore export will harm: FIMI

The Federation of Indian Mineral Industries (FIMI) has urged the Centre not to impose a blanket ban on the export of iron ore, as it would "affect India's steel industry…

November 12, 2011

Coal India net surges 73% on higher interest income

Coal India Ltd (CIL) posted a 73 per cent rise in net profit to Rs 2,593 crore in the July-September quarter compared with the same period last year, riding primarily…

November 12, 2011

Nautilus now has $155 million kitty and all its green permits for undersea mine

Nautilus, the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits, announced on Friday it has completed the quarter with a cash balance of $155.1 million,…