October 8, 2011 India gold, silver turn weak on global cues, sluggish demand Both the precious metals, gold and silver, fell on the bullion market today on profit-selling by stockists, amid a weak trend in overseas markets. While gold dropped by Rs 250…
October 8, 2011 Coal, water shortage reduces power supply to Delhi Coal and water shortage in various power plants reduced the power supply to Delhi by up to 900 MW today. Throughout the day, power supply to Delhi kept on fluctuating…
October 7, 2011 Strikers vow Grasberg shutdown if hourly $1.50 is not upped 8-fold Workers at Freeport's Grasberg – one of the world's largest gold and copper mines – in the remote Indonesian province of West Papua vowed Friday to paralyse production, as their…
October 7, 2011 Selling to the rich? Look to the US not China or India A new report from research firm TNS could have implications for mining. A survey of affluent households around the world — defined as greater than $100,000 — found that 80%…
October 7, 2011 No competitive auction for some coal blocks govt The Coal Ministry has indicated that certain coal blocks out of 54 acreages that were tipped to be put up for competitive bidding will be awarded on a nomination basis…
October 7, 2011 Vedanta Resources suffers from Indian iron ore ban Vedanta Resources, the enormous mining and metals company has seen a 36% decline in production of saleable iron ore compared to the first half of 2010. The dramatic fall is…
October 7, 2011 Hindustan Zinc mined metal output grow 2 pct in Q2 Source: IRIS (07-OCT-11) Comments | Post Comment Hindustan Zinc has released production data for the second quarter and half year ended 30 Sept. 2011. Mined metal production in Q2 and…
October 7, 2011 Realm Resources secures 51 pct of thermal coal project Realm Resources announced that it has completed the acquisition of Kalres and through Kalres acquired 51% of PT Katingan Ria, an advanced thermal coal exploration project located in Central Kalimantan,…
October 6, 2011 Ivanhoe gains 13% after Mongolia backs down on Oyu Tolgoi Shares of Ivanhoe Mines (TSE:IVN) and Rio Tinto (ASX:RIO) both gained today on news that Mongolia has backtracked on a demand for a greater share of the massive Oyu Tolgoi…
October 6, 2011 $70-million mill and mine upgrade for gold producer Philippines-focused gold producer Medusa Mining is set to under-take a $70-million remodelling of its current Co-O mill and mine site in order to increase its yearly production target to 200,000…
Precious metals craze prompts China fund to turn away investors UBS SDIC Fund had become increasingly concerned that investors could be exposed to heavy losses should a record-breaking bull market suddenly turn. December 27, 2025 | 08:00 am
