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Indian investor interest in silver surging

Friday , 03 Feb 2012
With the predicted 7% expansion in global demand in 2012 to an unprecedented 968 million ounces, investors in India are using silver as an inflation hedge hoping that demand will be sustained by global concerns.

Research shows silver to be as efficient as chemo in treating cancer

Friday , 03 Feb 2012
University of Leeds research in the UK has shown silver to be as efficient at killing off cancerous cells as leading chemo therapty drug and may have fewer side effects.

NMDC hastens investment of $943 million

Friday , 03 Feb 2012
Cash rich Indian government company NMDC with $3.6b reserves, has clocked a 22% rise in its quarterly net profit mostly on the back of higher sales and is to diversify into five new areas of business.

Indonesia launches Indonesian Tin Market to challenge LME

Thursday , 02 Feb 2012
Already one of the world's largest tin producers, Indonesia now hopes to become a key player in global tin prices with the launch of Inatin.

Iron ore steady after hitting 2-month high; buyers apply caution

Thursday , 02 Feb 2012
A weak outlook for steel demand in top buyer China has trimmed appetite for iron ore, which gained a modest 3% in January after falling 19% in 2011.

NALCO ups aluminium prices by 2,000 rupees/T

Thursday , 02 Feb 2012
The Indian firm has raised aluminium prices by 2,000 rupees per tonne across all products, the company's commercial director said Thursday.

Indian power firms look offshore as coal shortages worsen

Wednesday , 01 Feb 2012
Rapidly growing demand for electricity in India has forced the third largest producer of coal to look at other countries to source the raw material.

Malaysia conditionally approves Lynas Corp rare earths plant

Wednesday , 01 Feb 2012
Australia's Lynas Corp has been granted a pre-operating licence for its $200 million rare earths processing plant, the country's atomic energy licensing board and the Ministry of Science said Wednesday.

Indonesia's Antam posts 9.4% rise in 2011 ferronickel output

Wednesday , 01 Feb 2012
The state-owned firm said in a statement on Wednesday that its ferronickel production rose 9.4% to 19,690 tonnes last year.

Malaysia's opposition party would scrap Lynas Corp rare-earths plant

Monday , 30 Jan 2012
Malyasia's opposition party has vowed to scrap the controversial $200 million rare-earths processing plant, being built by Australia's Lynas Corp, if it wins national elections expected to be called within months.

Indian companies to bid for gold, copper in Afghanistan

Monday , 30 Jan 2012
Keen to get an edge over rivals, an Indian consortium is seeking to explore for other minerals in the war-torn country, especially gold and copper.

JFE Steel downgrades FY profit outlook 60%

Monday , 30 Jan 2012
After reporting a 58% decline in its April-December profit as exports fell and prices sagged, the Japanese steelmaker has downgraded its full-year profit outlook by 60%.

Safe haven status boosts gold's momentum

Monday , 30 Jan 2012
The Fed's move last week to keep interest rates very low, rates has clearly provided the trigger for the yellow metal to stay in the positive zone and push for more in the next few days, analysts say

Tampakan copper/gold mineral resource estimate hiked

Friday , 27 Jan 2012
Indophil Resources NL provided Friday the revised mineral resource estimate for the $5.9-billion Tampakan project, confirming its ranking as one of the world's biggest undeveloped copper-gold deposits.

Gold set to rise for 12th straight year? More predictions

Friday , 27 Jan 2012
Polls and investment banks predicting rises for gold this year but India and China perhaps the wild cards in the deck

Rio Tinto may push for ownership change at Oyu Tolgoi - Ivanhoe

Friday , 27 Jan 2012
According to a U.S. filing by the Canadian miner, Rio Tinto may push for a change in ownership at the massive Mongolian copper and gold mine and also plans to replace some Ivanhoe senior managers

Iron ore swaps extend gains ahead of China's return

Friday , 27 Jan 2012
Iron ore forward swaps extended gains early Friday, reflecting hopes that spot prices will bounce back when China returns next week from its Lunar New Year break.

Nippon Steel cuts 2012 outlook by one-third

Friday , 27 Jan 2012
After booking a 44% fall in quarterly profit on Friday as exports and prices tumbled, Japan's Nippon Steel Corp cut its outlook for this year by one-third.

Indonesia confirms revocation of Sumber Mineral/Arc Exploration JV exploration permit

Thursday , 26 Jan 2012
Energy Minister said the government will revoke Sumber Mineral's/Arc Exploration's exploration permit, whose project on Sumbawa island has been hit by violent protests in which two people have died.

Gold jumps to 6-week highs on US Fed rate promise

Thursday , 26 Jan 2012
Gold rose to its strongest in more than a month on Thursday after the U.S. Federal Reserve pledged to keep rates low for at least two more years.

Copper climbs 2nd day as Fed signals low rates

Thursday , 26 Jan 2012
London copper climbed for a second straight day on Thursday, boosted by the promise by the U.S. Federal Reserve to keep interest rates low.

Vale's iron ore carriers head to Philippines with China shut

Thursday , 26 Jan 2012
With China yet to fully open its ports to the massive ships after domestic ship owners strongly protested their arrival, Vale has diverted two of its vessels to the Philippines.

Iron ore swaps rise on hopes of China restocking

Thursday , 26 Jan 2012
Prices of iron ore forward swaps rose on Thursday as investors bet Chinese steelmakers are likely to replenish stockpiles at the end of the Lunar New Year break.

Gold lower as investors eye Fed Reserve policy meeting

Wednesday , 25 Jan 2012
Gold prices edged lower on Wednesday as investors awaited the outcome of the U.S. Federal Reserve's policy meeting, which could weigh on the U.S. dollar.

Anglo Asian Mining cuts Azerbaijan gold output 15%

Tuesday , 24 Jan 2012
The company reduced output in Azerbaijan by 15% year-on-year to 57,068 ounces in 2011 from 67,267 ounces in 2010, without giving a reason for a decline in production.

San Miguel looking to invest in nickel project

Tuesday , 24 Jan 2012
A local Philippine newspaper reported Tuesday the company is currently looking to invest in a nickel mining project in southern Philippines, its first major foray into a mineral resource project.

Marubeni could hit 200 billion yen in net profit - Nikkei

Tuesday , 24 Jan 2012
Citing the company's President Teruo Asada, the Nikkei business daily reported Tuesday Marubeni Corp could hit its target of 200 billion yen in group net profit for the year ending March 2013.