September 26, 2011

India, China and Russia will be driving uranium’s future

Although its future is unclear, significant expansion of nuclear power capacity is projected to occur in non-OECD countries, especially China, India and Russia, according to the U.S. Energy Information Administration.…

September 25, 2011

Mongolia wants 50 pct of Rio’s Oyu Tolgoi project, minister says

Mongolia wants to bring forward the raising of its stake in the Oyu Tolgoi copper project that’s being developed by Rio Tinto Group and Ivanhoe Mines Ltd. to 50 percent…

September 25, 2011

Aboitiz all set for construction of 300-MW coal-fired facility

Aboitiz Power Corp. (APC) is all set for the construction of its 300-megawatt (MW) coal-fired facility in Davao.

September 25, 2011

32 of 54 iron ore mines in Goa illegal

Fresh revelations show that 32 of the 54 working iron ore mines in forest areas do not have the mandatory clearances under conservation laws.

September 25, 2011

Griffin Coal to generate up to $160 mn in revenue in FY’12

Griffin Coal, which was acquired by Lanco Group early this year, may generate revenues of up to USD 160 million this fiscal, according to a senior company official. The miner…

September 25, 2011

NMDC to acquire coking coal mine in Russia

India's top iron ore miner NMDC Limited is close to acquiring a coking coal mine in Russia with an estimated reserve of about 70 million tonnes. The company will seek…

September 24, 2011

Iron ore stock eating into fertile landmass in Goa

Long stretches of fertile paddy fields in villages of Navelim-Kudnem-Sankhalim in North Goa, have turned into big dusty grounds with piles of iron ore stocked on it. Locals here claim…

September 23, 2011

Ivanhoe Mines to issue statement on Monday, September 26, on challenge to unauthorized remarks about Oyu Tolgoi project

SINGAPORE, SINGAPORE--(Marketwire - Sept. 23, 2011) - Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) founder and Chief Executive Officer Robert Friedland said today that the company will issue a statement on Monday, September 26,…

September 23, 2011

Coal India to use $9.2 billion cash to pay higher dividends

(Updates with comment from analyst in fifth paragraph.) Sept. 23 (Bloomberg) -- Coal India Ltd., the world’s biggest producer of the fuel, plans to use its $9.2 billion of cash…

September 23, 2011

Mongolian ministers assigned to renegotiate foreign mining deal

The Mongolian Cabinet Office would ask Canadian and Australian mining companies to renegotiate the Oyu Tolgoi copper-gold mining agreement, local media reported Thursday. Chimed Khurelbaatar, chief of the Cabinet Office…