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…

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…