October 4, 2011

Tough market may prompt small Indian diamond firms to close early

With low demand for polished diamonds and pricing uncertainty dogging both rough and polished markets, the smaller diamond cutting and polishing firms in India may close early for vacations —…

October 4, 2011

Nickel Asia says other mines to cover Taganito shipments

The company, with four mines in the Philippines, says it can divert output at two of its mines to cover for lost nickel ore shipments from the closed Taganito mine.

October 3, 2011

Tough talk about Oyu Tolgoi does nothing to staunch Ivanhoe bleeding

A statement put out by Ivanhoe Mines and partner Rio Tinto on Monday saying it has formally informed the Mongolian government it won't renegotiate the terms of the Oyu Tolgoi…

October 3, 2011

Mining companies raided in Philippines

Three mining companies in the Philippines have been raided by over 200 heavily-armed communist rebels, Forbes.com is reporting. The rebels burned heavy equipment, disarmed guards and briefly held people, according…

October 3, 2011

Olympus Pacific signs JV to develop Philippine gold mine

Olympus Pacific Minerals TSX:OYM, ASX:OYM has formed a joint venture with Abra Mining & Industrial Corporation (AMIC) and other companies to develop the Capcapo gold project in the Philippines.

October 3, 2011

Joint response from Ivanhoe Mines and Rio Tinto delivered to Mongolian Government and members of the National Security Council

Late last week Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) and Rio Tinto received a letter from a representative of the Mongolian Cabinet inviting the companies to discuss potential changes to the Oyu Tolgoi…

October 3, 2011

What happened at Bougainville

SBS World News Australia reports that Bouganville copper mine, one of the world's largest deposits of copper, could open if past combatants could be fairly compensated. The report also alleges…

October 2, 2011

New mines law may cost CIL Rs 2,000 crore

-4.98%) Maharatna Coal India today said its profitability would be eroded by about Rs 2,000 crore per annum post enactment of new mines legislation which mandates coal miners to share…

October 2, 2011

Coal India may invest Rs 40k cr in 12th Plan

-4.98%) Coal India today said it might invest up to Rs 40,000 crore in the 12th Plan Period ending 2017 towards mines' development to augment production. "We will spend anything…

October 2, 2011

Coal India may invest up to Rs 40,000 cr

State-run Coal India today said it may invest up to Rs 40,000 crore in the 12th Plan Period ending 2017 towards mines' development for augmenting production. "We will spend anything…