June 16, 2011

Russia muscles in on Zimbabwe’s $5bn diamond stockpile

SW Radio Africa news reports India has raised concerns as Russia is set to join China in moves to control diamond mining in Zimbabwe, with the Federation’s state diamond group…

June 16, 2011

India raises interest rates, worrying signs for gold

Rising inflation in China and India's tenth interest rate hike since March 2010, is set to take a toll on consumers preference for the yellow metal, according to analysts and…

June 16, 2011

SouthGobi Selects Modular for mine management solution

Modular Mining Systems, one of the world leaders in information management solutions for mining operations, has announced that SouthGobi Resources has chosen to implement the Modular IntelliMine Integrated Asset Management…

June 16, 2011

SouthGobi selects Modular for mine management solution

Modular Mining Systems, Inc. (Modular), the world leader in information management solutions for mining operations, announces that SouthGobi Resources, Ltd. has chosen to implement the Modular® IntelliMine® Integrated Asset Management…

June 15, 2011

Japanese iron ore demand to surge in Q4 – Vale

Brazilian miner Vale (VALE5.SA:Quote) expects iron ore demand in Japan to reach 90 percent of pre-crisis levels in the fourth quarter, the company's global marketing director Pedro Gutemberg said. "Japan…

June 14, 2011

New Indonesia coal pricing policy worries India power firms

The Financial Chronicle reports on Tuesday Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian government…

June 14, 2011

PNG Gold Corporation provides update: additional exploration and development at Imwauna contemplated and private placement financing announcement

PNG Gold Corporation outlined its exploration, development and financing plans for the Imwauna project, Normanby Island, Milne Bay Province, Papua New Guinea. The property contains numerous vein systems that outcrop…

June 14, 2011

Prophecy secures Far East Russian port allocation, investing $25m in Ulaan Ovoo mine

Prophecy Coal Corp. announced on Tuesday it has entered into an arrangement with the Port of Sovgavan in the State of Khabarovsk, Russia whereby Prophecy will have initial access to…

June 14, 2011

India invites Czech investments in Coal sector

New Delhi, June 14 (PTI) Coal Minister Sriprakash Jaiswal has invited Czech Republic firms to invest in the coal sector in India.

June 14, 2011

Gowda family involved in iron ore exports: BJP

Former prime minister and Janata Dal-Secular leader H.D. Deve Gowda's family exported over 150,000 tonnes of iron ore soon after his son became chief minister of Karnataka in 2006, the…