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Platinum jewellery rides trendy wave in gold-focused India
Wednesday , 16 May 2012Platinum is finding a market among younger consumers in the country especially now that it is cheaper than its yellow cousin, but analysts believe it is creating new markets rather than stealing gold's lunch
Indonesia stretches export duty to 21 metals
Wednesday , 16 May 2012In total, 65 mineral types excluding coal will be affected by the new export duties, effective immediately, finance minister Agus Martowardojo said Wednesday.
Kumtor Mine production woes slam Centerra Gold 1Q financials
Wednesday , 16 May 2012Centerra Gold's production plummeted during the first quarter, sending total cash costs soaring to $985 per ounce.
Freeport-McMoRan concerned by Indonesia mine violence
Tuesday , 15 May 2012CEO Richard Adkerson says the violence around its vast Grasberg mine is concerning but is confident the firm can resolve issues with the Jakarta government over moves to limit foreign miners' operations and profits.
A shift in Indian gold buying patterns?
Tuesday , 15 May 2012Gold exchange traded funds are close to the $2 billion mark for the first time in India, marking a shift in the buying patterns of Indian consumers.
India sets its sights on Mongolian coal
Monday , 14 May 2012Ever in need of coal, India has set its sights on the acquisition of a coking coal mine in Mongolia and will, in return, establish the country's first steel plant.
JSW Steel Q4 net profit beats expectations
Monday , 14 May 2012Analysts expected JSW Steel to report a quarterly net profit of 7.07 billion rupees on sales of 87.4 billion, but the steelmaker achieved net profit of 7.52 billion rupees.
SouthGobi continues Mongolia mining operations
Monday , 14 May 2012The company is continuing coal mining operations in Mongolia despite a recent announcement by government it would suspend its licences.
Copper steady after China moves to boost economy
Monday , 14 May 2012Prices bounced back early Monday after China cut its bank reserve requirement ratio for a third time in six months to boost a slowing economy.
Calls for Indian gold bonds grow louder
Friday , 11 May 2012The Indian government is mulling the issuance of gold bonds to decrease imports, arrest the rupee's slide and channel household savings into infrastructure.
Indonesia plans new quotas to limit mineral exports
Friday , 11 May 2012The quotas, which will be initially introduced between June and August, will apply to all mineral exporters, a Trade Ministry official said Friday.
China's ban on Vale's iron ore carriers costs Chinese firms
Thursday , 10 May 2012Traders and industry sources say Brazil's Vale had stopped using Chinese iron ore carriers to get even with the Chinese government which has banned its huge ships.
Citizen resistance keeps Malaysia rare earths plant on hold
Wednesday , 09 May 2012The expanding protest movement against Lynas Corp's rare earths plant in Kuantan has already delayed the project by eight months and has cast a shadow over its future.
SouthGobi unit helps in Mongolia anti-corruption probe
Wednesday , 09 May 2012The miner says it is co-operating with Mongolia's anti-corruption agency regarding a probe into a third party to explain Tuesday's sharp fall in its share price.
India's Hindalco posts lower-than-expected profit fall; shares gain
Tuesday , 08 May 2012Despite reporting a 9.6% drop in its quarterly profits, shares in Hindalco Industries rose nearly 2%, as better volumes and higher other income helped limit the impact of volatile input costs.
TOP STORIES
Extorre looks to high-grade open pits to fund Cerro Moro development
Wednesday , 16 May 2012Extorre Gold Mines looks for ways to minimize dilution as it advances its Cerro Moro project in Argentina closer to possible financing.
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