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…

September 22, 2011

Philippine nickel mine features ‘green’ innovations

A Norwegian mining company aiming to develop one of the world's largest nickel mines is taking extra measures to convince local populations the mine "is not what people perceive it…

September 22, 2011

GVK in talks with Indonesian firm to divest coal mines stake – report

GVK group, of which GVK Power & Infra is a part, is in talks with Indonesia's PT Kideco Jaya Agung for divesting part of its stake in the coal mines…

September 21, 2011

As home run gets tough, Tata Power looks abroad

Tata Power is exploring global opportunities in power generation and coal mining as it is struggling with domestic policy issues and increasing coal prices at home. It looks at power…

September 21, 2011

Ivanhoe roiled as Mongolia rethinks Oyu Tolgoi, says partner Rio makes ‘unauthorized’ statements

News that the Mongolian government is rethinking a 2009 deal that gave Ivanhoe Mines and Rio Tinto a 66% stake in the massive Oyu Tolgoi gold and copper project has…

September 21, 2011

India may face 200 mn tonnes coal shortage

Shortage in supply of coal from domestic sources is likely to exceed 200 million tonnes during the next (12th) Five Year Plan (2012-17) if proactive measures were not taken to…