ASIA

REKO DIQ

Tethyan still hopeful Reqo Diq will go ahead

Tuesday , 09 Mar 2010
The operator of the $3bn copper and gold joint venture between Barrick and Antofagasta still hopes it will go forward despite a government threat to scrap it
99% OF CONSOLIDATION DEALS COMPLETED

China Shanxi province to grow coal output 30% in 2010

Monday , 08 Mar 2010
The province's party boss said coal output will be 700 to 800 tonnes for the year
DUBAI GOLD

Dubai gold imports down 15% in 2009

Monday , 08 Mar 2010
According to the Dubai Commodities Centre, Dubai saw weak demand from the retail sector during the year
COPPER MARKET UPDATE

Shanghai copper up on US jobs data

Monday , 08 Mar 2010
Prices of the metal built on gains in the previous session as positive sentiment around the metal was given a boost by the better-than-expected economic numbers
IPOS

Mongolian miners looking to list

Monday , 08 Mar 2010
A top executive at an Ulan Bator-based financial services firm maintains that Mongolian owned and operated resources firms are actively searching for investors and seeking out markets like Hong Kong, for possible IPO opportunities
NEWSPAPER REPORT

Newspaper claims India likely to offer big discount on NMDC share sale

Friday , 05 Mar 2010
The Economic Times citing unnamed sources said the floor price for the follow-on share sale could be 30 to 35% lower than the market price
GOLD MARKET UPDATE

Gold hovers slightly higher ahead of US jobs data

Friday , 05 Mar 2010
Gold followed the euro higher in thin trade as investors and analysts wait for US data that is expected to show an increase in job losses
PROFIT ANNOUNCEMENT

Kazakmhys posts 26% drop in core profit, resumes dividend

Thursday , 04 Mar 2010
The group blames the fall on a drop in copper prices and output
GOLD MARKET UPDATE

Gold slips from 6 and a half week high as investors took profits

Thursday , 04 Mar 2010
Prices of the metal fell over $1 on Wednesday but ETF holdings rose
STEEL DEMAND

2010/2011 steel demand to grow 10% - India

Wednesday , 03 Mar 2010
India's steel secretary said Wednesday the increase in demand comes on the back of higher planned spending on infrastructure
NEW BAUXITE MINE

NALCO receives approval for new bauxite mining lease in eastern India

Tuesday , 02 Mar 2010
The State-run National Aluminium Company estimates that the new mine has bauxite reserves of over 70m tonnes
MINING LAW

Rio Tinto Indonesian unit receives permit for nickel operation

Tuesday , 02 Mar 2010
The long-awaited permit for a nickel project in Sulawesi worth $2bn is the first to be issued under new Indonesian mining law
PROFIT NUMBERS

Lower nickel prices knock Antam 2009 profit

Monday , 01 Mar 2010
The Indonesian nickel and gold miner said net profit for the year fell 59%
EXPANSION PROJECT

FLSmidth USD65 million order for India

Friday , 26 Feb 2010
Beats off Chinese and other international companies in Heidelberg Cement plant supply contract.
GOLD MARKET UPDATE

Gold ticks higher in morning trade after Thursday's jump

Friday , 26 Feb 2010
The euro extended gains against the dollar but investors are all focused on a slew of US economic data out shortly including: gross GDP figures and February consumer sentiment
GOLD DEMAND TRENDS

Strong start to 2010 gold demand in China, India - WGC

Thursday , 25 Feb 2010
The WGC says India's jewellery sector has been buying regularly while tighter monetary policy in China has not affected buying.
INDIAN COMMENT

India again seen as likely buyer of more IMF gold

Wednesday , 24 Feb 2010
With India's gold holdings still lagging other major economies, it is said to be closely watching the gold market for other buying opportunities
CHINA - AUSTRALIA RELATIONS

Rio spy saga won't hurt relations with China - Australia

Wednesday , 24 Feb 2010
Australia and China resumed free trade talks Wednesday, which Australia says were not hurt by the arrest of four Rio Tinto employees on charges of espionage
MINING IN FORESTED AREAS

Indonesia asks Freeport to submit a land use request

Tuesday , 23 Feb 2010
Indonesia's forestry ministry has asked the miner to submit a request for permission to use land in a protected forest area
COAL PRICES

Japanese steelmakers reject BHP's proposed 55% coal price - Nikkei

Tuesday , 23 Feb 2010
BHP offered $200 per tonne for the quarter but, Japanese steelmakers say it is too hard to evaluate without an annual price
NMDC EYEING 6 FOREIGN PROPERTIES

India's largest iron ore miner NMDC rumored to be investing in Brazilian iron ore

Tuesday , 23 Feb 2010
India's largest iron ore miner, NMDC, is allegedly investing outside the country for the first time in order to meet the needs of India's growing steel manufacturing sector.
A NEW BILL TO BE INTRODUCED

India to raise compensation mines have to pay displaced people

Monday , 22 Feb 2010
The move could see a reduction in opposition to mine leases but will raise costs
IMPORTANT CREDIT FACILITY

EBRD loan to Leighton to help promote contract mining for Mongolia

Monday , 22 Feb 2010
The European Bank for Reconstruction and Development (EBRD) is making a $35 million loan available to the Mongolian arm of Australian Contractor, Leighton, to help finance the company's ability to offer contract mining services there.
ATTRACTING FOREIGN CAPITAL

Bitter winter could force Mongolia to open up mining sector

Monday , 22 Feb 2010
Millions of struggling nomadic herders bring with them tough questions as they flood the capital in an effort to get out of the cold
GOLD MARKET UPDATE

Gold slips on Fed discount rate announcement

Friday , 19 Feb 2010
Analysts say sentiment is about neutral at the moment with a firmer dollar and heightened risk aversion vying for dominance
CENTRAL BANK GOLD BUYING

Asian central banks tagged as potential buyers for 191.3 tonnes of IMF gold

Thursday , 18 Feb 2010
The International Monetary Fund says it will soon begin a planned sale of a remaining 191.3 tonnes of gold to raise funds for lending operations
DEALS WORTH AS MUCH AS $1BN COULD BE ON THE CARDS

China increasingly focused on Indonesia as a source of resource deals

Wednesday , 17 Feb 2010
In 2009 it was Australia and Canada that drew much of the focus as China sought to expand its base of resource assets. This year, it is Indonesia's islands that are being scoured for opportunities
INVESTOR HUB: Gold / Copper

   


TOP STORIES

REKO DIQ

Barrick CEO optimistic Reko Diq gold-copper project will go ahead

Wednesday , 10 Mar 2010
Aaron Regent said Tuesday the company is continuing to have discussions with the Baluchistan government but added a resolution could take months
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