October 29, 2011

50% India work for coal-fired power generation completed

Renowned scientist Dr. Samar Mubarakmand said fifty percent work for coal-fired power generation had been completed while the rest would be completed within two months, Geo News reported. With the…

October 28, 2011

Freeport declares force majeure at Grasberg

Ongoing labour unrest at Freeport-McMorran's Grasberg mine in Indonesia has forced the American company to declare force majeure. The announcement made Wednesday effectively allows Freeport to stop shipments from its…

October 27, 2011

PotashCorp doubles earning in Q3

Potash Corporation of Saskatchewan Inc. (NYSE:POT) doubled its third quarter earnings, reporting 94 cents per share or $826 million compared to 38 cents per share or $343 million a year…

October 27, 2011

Ambani Brothers, Lakshmi Mittal Have Lost Nearly $100 Billion Since Peak

10 images Photos: India's Richest 10 images Photos: India?s Newcomers It should have been a glorious year for Mukesh Ambani. He finished building his palace in the sky, a 27-story…

October 26, 2011

Mongolia needs coal deal in 3 mths to ensure IPO goes ahead – MP

A contentious investment agreement on Mongolia's huge Tavan Tolgoi coal deposit needs to be completed within three months to ensure that a much-heralded initial public offering for the project goes…

October 26, 2011

30 thermal power plants in India including NTPC and Reliance Power have coal stock for just four days

Coal stocks at India's thermal power plants are critically low on the eve of Diwali, and will not improve unless coal supplies are stepped up significantly.

October 25, 2011

High prices could see Indian gold imports fall as much as 30% this month

According to the Bombay Bullion Association, imports of the yellow metal could drop to as low as 70 metric tons as higher prices keep buyers away (Bloomberg) - Gold imports…

October 24, 2011

Peabody, Arcelor willing to pay more for Macarthur even as coking coal heads to $240/tonne

Stock in US coal giant Peabody Energy and India's ArcelorMittal surged on Monday after their joint bidding vehicle secured a 59.85% stake in Australian metallurgical-coal miner Macarthur Coal and raised…

October 23, 2011

Slow Diwali gold sales expected

AFP, MUMBAI, INDIA Women buy gold jewelry at a shop in New Delhi, India, on Dhanteras, the first day of the five-day Diwali Festival, on Oct. 15, 2009. Photo: AFP…

October 23, 2011

Gold should be part of a balanced portfolio, says Dubai-based precious metals expert

UAE. With the ongoing sovereign debt crisis in Europe, sluggish recovery in the US and more uncertainty over the state of the Chinese economy, the demand for gold will continue…