September 17, 2011

Iron ore probe judge says exports eat away India’s national wealth

Sify reports rampant extraction of iron ore for export was steadily eating away India's national wealth, retired Supreme Court judge M.B. Shah, who heads a commission probing illegal mining in…

September 17, 2011

India’s Singrauli residents bear the brunt of coal mining

Singrauli, on the border of Uttar Pradesh and Madhya Pradesh, which is also called the power hub of India, is facing the ill effects of coal mining for the last 35 years.

September 16, 2011

Mongolian government endorses Chandgana power plant project

Prophecy Coal Corp. (TSX-V: PCY)(OTC-QX: PRPCF)(Frankfurt: 1P2) announces that its Chandgana Power Plant Project ("Project") has been officially endorsed by the Mongolian Ministry of Natural Resources and Energy.

September 16, 2011

Rio Tinto plans to sell ‘a lot’ Of Oyu Tolgoi output to China

Rio Tinto PLC (RIO) plans to sell "a lot" of the output from the Oyu Tolgoi copper and gold project in Mongolia to China, and is in discussions with smelters…

September 16, 2011

Thousands strike at US mine in Indonesia

About 9,000 staff at Freeport McMoRan's huge gold and copper mine in eastern Indonesia began a month-long strike Thursday to demand better pay, as hundreds of police watched over them.

September 16, 2011

Iron ore shortage severely impacted production: JSW

JSW Steel today said shortage of iron ore had "severely impacted" its production this month and the company was running units at 75% capacity.

September 15, 2011

Huge steppe up for Prophecy Coal after Mongolia approves power plant

TSX-V junior Prophecy Coal was trading up 6% by early afternoon on Thursday after jumping 11% earlier in the day on news that the Mongolian government has given the go-ahead…

September 15, 2011

Freeport braces for month-long strike

For the second time this year workers have downed tools at one of the world's largest copper and gold mines. The Sydney Morning Herald is reporting thousands of workers at…

September 15, 2011

Indian firms eye $6 billion Afghan iron ore contract

As the United States and its allies look back on a weekend of memorials and tributes to the nearly 3,000 victims of 9/11, the country that was struck in retaliation…

September 13, 2011

Junior sold for 800% more 18 months after IPO as coal miners go mad for Mongolia

Strong interest in the Mongolian resource sector has provided shareholders in Hunnu Coal a 800% gain in only 18 months. Thailand's Banpu announced Tuesday it is taking over the ASX-listed…