October 11, 2011

Indonesian Coal Miner Plans $167m IPO to Finance Coal Boom

Indonesian Atlas Resources is readying a $167 million initial public offering to help finance building supporting infrastructure in its Sumatra coal mining hubs in Muba and Oku. Indonesian Atlas Resources…

October 11, 2011

India: Steel Minister sets up committee to look into coking coal buying

Noticing irregularities in coking coal purchases, the Steel Ministry has set up a committee to look into the rationale behind PSUs buying more of the commodity when it is expensive,…

October 11, 2011

World energy consumption will grow 53% by 2035

World energy consumption is set to grow 53% by 2035 and most of that energy will be coming from fossil fuels, according to a study by the U.S. Energy Information…

October 11, 2011

Kiran Gems Is Top Indian Polished Diamond Exporter

India’s GJEPC on Tuesday held its 38th Annual Awards Function in Surat. The awards recognize the top performers in the exports of diamonds, colored gemstones and jewelry.

October 10, 2011

Illegal ore extraction sparks fears of mines shutdown in Goa

A state of uncertainty looms large in Goa's mining belt, as people fear closure of several mines, which may spell doom for many dependent on this industry in the coastal…

October 10, 2011

More violence likely after striker shot dead at Grasberg, Indonesian police send reinforcements

Reports on Monday say Indonesian security forces fired on striking workers at Freeport McMoRan's Grasberg mine in the country's poorest province West Papua after a protest turned violent, killing one…

October 9, 2011

Mongolia re-opens bidding for world’s biggest coking coal deposit

The Wall Street Journal reports Mongolia is relaunching talks with international miners on developing the western block of Tavan Tolgoi in the South Gobi desert, the world’s largest deposit of…

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…