August 24, 2011

Gold rebounds on Japan downgrade

As gold prices near $2,000 an ounce, some bulls say it's time to take money off the table after the safe-haven rally extended too far too fast in recent weeks.…

August 24, 2011

Adaro buys 75 percent stake in coal company

Adaro Energy, Indonesia’s second-biggest coal miner, said late on Tuesday that its subsidiary, Alam Tri Abadi, had signed an agreement to a buy a majority stake in Mustika Indah Permai.…

August 24, 2011

Steel companies in Bellary, India begin layoffs; over 30,000 jobless

The economic consequences of the Supreme Court ban on mining in Bellary are beginning to be felt in thousands of homes in Karnataka as their primary bread winner is facing…

August 24, 2011

HCL to revive copper mines

Central public sector unit (PSU) Hindustan Copper Limited (HCL) will embark on a major expansion drive in Jharkhand with plans to increase production at its mines in Ghatshila, East Singhbhum,…

August 23, 2011

PT Inco sees its nickel output at 71,000 tonnes in 2011

International Nickel Indonesia sees its output at 71,000 tonnes in 2011, lower than its average annual output at 73,000 tonnes.

August 23, 2011

Indonesia mulls to ban exports of low grade nickel products

Indonesian Adisuryo Prasetio & Co Law Firm indicated that Indonesian government may ban the exports of low grade nickel products, according to a draft of the law released by the…

August 23, 2011

Global crude steel output in July 2011 up by 11pct YoY

World crude steel production for the 64 countries reporting to the World Steel Association was 127 million tonnes in July 2011. This is 11.5% YoY higher than July 2010.

August 22, 2011

Eriez® announces expansions in U.S., Canada, China and India

Eriez®, world authority in advanced technology for magnetic, vibratory and inspection applications, announced that the company will expand its operations in the United States, Canada, China and India to address…

August 22, 2011

India to consider banning chrome ore exports to China

According to the CEO of Albanian Minerals, India and South Africa are mulling a ban on raw chrome exports to China in a bid to keep local ferrochrome producers competitive…

August 22, 2011

Gold and Silver to Generate up to 50% of Total Annual Revenues at Ivanhoe Mines’ Oyu Tolgoi Project

Ivanhoe Mines (TSE:IVN,NYSE:IVN,NASDAW:IVN) announced an update to the production potential of its Oyu Tolgoi project.