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…

October 23, 2011

Railways chokes on coal short supply

Coal Ministry mandarins recently summoned senior officials of State-owned coal companies and reportedly urged them to pull up their socks or face consequences. The reason: a large number of power…

October 23, 2011

Consumers are rushing to buy gold before festival

With festive and wedding seasons in the offing, consumers are rushing to buy gold. With the decline in prices, gold retailers are bracing themselves to meet an impending rise in…