June 18, 2011

Three dead, seven rescued in Goa mining accident

The Hindustan Times reports three people were feared killed while seven others were rescued in a major mining accident in Goa's Sanvordem town, officials said on Saturday. The 10 people…

June 17, 2011

Tata Steel sells Riversdale stake to Rio Tinto

India's Tata Steel on Thursday agreed to sell its 26 percent stake in Australia's Riversdale to Rio Tinto for $1.1 billion, giving the Anglo-Australian giant full control of the coal…

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…