May 13, 2011

Errant Indian diamond exporters to face the heat

In a move meant to curtail fake diamond exports and the round tripping of funds and diamonds indulged in by some nefarious diamond merchants, India's central bank, the Reserve Bank…

May 13, 2011

Silver set to shine again in India

The relentless slide in silver prices has been termed a temporary aberration by silver producers in India, who insist that since silver […]

May 12, 2011

Kaltim Prima Coal in Indonesia receives an additional 50 Hitachi trucks with Siemens AC drives

Siemens Industry last week received its biggest mobile mining order from Hitachi Construction Truck Machinery (HCTM) to provide 50 additional EH4500 trucks equipped […]

May 11, 2011

SouthGobi fuel supplier claims force majeur

Mongolia’s SouthGobi Resources said that its fuel supplier claimed a force majeur after Russia cut supplies to the country to a mere 10,000 tonnes. The company said its flagship coal…

May 8, 2011

Indians take advantage of gold’s tumble, buying at low price during key festival

Indians, the world's biggest buyers of bullion, took gold's latest tumble as another incentive to buy on one of the country's most auspicious festivals which fell on Friday. "They started…

May 3, 2011

India’s Nalco has raised its domestic aluminium products prices

Indian state-run National Aluminium Co Ltd (NALCO) has raised the domestic prices of its aluminium products by 4,000 rupees ($90) per tonne, except for rolled products, a senior company official…

May 2, 2011

Tanishq opens large-format outlet in Mumbai

Tanishq opened a large-format jewelry boutique at Andheri in suburban Mumbai on April 29. The 20,000 sq. ft. store was inaugurated by […]

May 2, 2011

Posco finally gets $12bn nod from India

In India's biggest foreign investment deal since 1991, the Indian government has on Monday finally given South Korea's Posco the green light to build a giant $12 billion steel plant…

April 29, 2011

Toro chief says future nuclear demand will not be swayed by Fukushima event

Greg Hall, managing director of Toro Energy Ltd (ASX: TOE), said the main nuclear power countries are continuing their new build programmes for nuclear power while adapting to lessons learned…

April 28, 2011

Japan rare earth imports from China jump 40% in March

Japan's imports of rare earths from China rose 40 percent in March from the previous month, Ministry of Finance data showed, with some observers saying demand is so far unaffected…