September 20, 2011

Rough diamond demand growth to hit record this year

Diamond producer De Beers expects global demand growth for rough diamonds to set a new record this year on the exceptionally strong performance of its key US market and robust…

September 19, 2011

Indian state may equip mining trucks with RFID tags to tackle illegal mining

The Indian state of Goa is looking to technology as a way to prevent the illegal transport of iron ore. The Times of India reports that the Goa government is…

September 19, 2011

Perfect storm creates tidal wave of gold demand

A few weeks ago we held our Case for Investing in Gold webcast with the World Gold Council’s (WGC) Jason Toussaint, who gave some remarkable insight into gold demand in…

September 19, 2011

Freeport McMoRan’s Indonesian workers returning to work

More than a thousand workers have returned to Freeport McMoRan Copper & Gold's strike-hit Indonesia mine, the company said on Monday, leading the union to say some production has restarted…

September 19, 2011

Dreams and decline in India’s Kolar Gold Mine

Richard Johnson has a glittering dream he hopes India's dilatory government won't thwart. The 60-year-old mining engineer wants to restart gold production at Kolar, site of one of the world's…

September 18, 2011

First signs of potash demand destruction as India sales plummet 58%

The Hindu Business Line reports disproportionate price increases of fertilizers are clearly playing out, with sales of di-ammonium phosphate (DAP) falling 21.6% and muriate of potash (MOP) plunging 58% during…

September 18, 2011

India is now the elephant in the room

New economic numbers from India, the latest forecasts for the country's voracious appetite for gold, iron ore and in particular coal and its plans for a sovereign wealth fund to…

September 18, 2011

Indian iron ore mining mess – more skeletons out of closet

It has now emerged that Mr Gali Janardhana Reddy, the jailed former Karnataka minister made crores out of a fictitious steel plant aided by the former Andhra Pradesh chief.

September 18, 2011

India steel demand to grow by 70% to 113 Mt

India's steel demand is likely to jump by over 70 per cent to 113 million tonnes (MT) by the end of the next Five-Year Plan, with the infrastructure sector projected…

September 18, 2011

India Panaji port used as gateway for exporting illegal ore

The state-run Panaji Minor Port could have served as a gateway to export a huge amount of illegal iron ore from the state, a senior official revealed, while appealing the…