May 24, 2011

Indian buyers help lift gold sales in the Middle East

The Middle Eastern market, which has seen sustained interest in large denomination bullion bars from high-net-worth individuals, has a new ally. Heavy buying from expatriates from the Asian subcontinent, notably…

May 23, 2011

Hunnu buys controlling stake in Mongolia Coal JV from Rio Tinto

Mining Weekly reported that Hunnu Coal (ASX:HUN) bought a majority stake in the Altai Nuurs coal project from Rio Tinto (ASX:RIO). The market news is quoted as saying: Hunnu said…

May 23, 2011

Indonesia to review all existing mining permits as new mining regulations passed

Indonesia will audit over 8,000 existing mining permits to make sure they are in line with mining and environmental laws, the country's finance minister said on Monday, days after the…

May 20, 2011

Bloomberg: GVK said to be in talks to borrow $850m for Australia’s Hancock mines

Bloomberg reports on Thursday that GVK Power & Infrastructure, a builder of airports and utilities controlled by Indian billionaire GV Krishna Reddy, is in talks to borrow as much as…

May 19, 2011

Reuters: Quality issues threaten India iron ore sales to China

Reuters reports that world number three supplier India's iron ore exports and prices could be hit by quality issues raised by China on $2.2bn worth of shipments. India sends almost…

May 19, 2011

Christian Science Monitor documents gold’s journey around the world

Amid growing interest in bullion as a hedge against the dollar and inflation and a renewed rally in gold and precious metals prices, Christian Science Monitor, documents gold’s journey around…

May 19, 2011

India Net Polished Exports $553M in April

Gross exports of polished diamonds from India continue to grow, rising 5.5% year over year. In April the country exported nearly 5 million carats worth $2.05 billion, according to the…

May 18, 2011

Investors worried about bullion’s direction should look east

Many investors are calling into question billionaire hedge-fund manager George Soros’s commitment to gold. With higher highs no longer a regular occurrence in the gold market, some see Soros’s dumping…

May 17, 2011

Los Angeles Times uncovers child labour in India’s coal mines

Los Angeles Times published a photo essay on May 14 looking at child labour in the coal mines located in India: "Times South Asia bureau chief Mark Magnier and photojournalist…

May 15, 2011

Ivanhoe Mines: Construction of Oyu Tolgoi copper-gold-silver complex advancing toward planned start of commercial production in the first half of 2013.

Overall construction of the Oyu Tolgoi Project was 15.1% complete by the end of Q1'11, slightly ahead of the planned 14.8%. Total capital invested in the project by the end…