ASIA

Pent-up gold demand in India to be unleashed when the rupee turns?

Monday , 06 Sep 2010
A recent downtrend in the currency and the prospects for a good harvest point to the possibility of a resurgence in physical demand from the world's largest consumer

Copper prices up 1%, London prices flirt with 4-month high

Monday , 06 Sep 2010
THe price of the metal was given a boost by stronger-than-expected US jobs data

India's Essar in the race for Indonesian coal mine

Monday , 06 Sep 2010
India's thirst for coal remains unabated with several Indian energy firms currently seeking assets across the world. Now the Essar Group has shown interest in Australian Kangaroo's Indonesia coal.

Tata Steel to pump up the volume with Canadian iron ore project

Saturday , 04 Sep 2010
Tata Steel is set to invest in a Canadian firm to ensure raw material security as it builds new plants at Kalinganagar and Chhattisgarh, and plans to expand capacity at Jamshedpur.

Copper steady near four-month highs

Friday , 03 Sep 2010
Copper prices remained in neutral during early trade on Friday as investors remain concerned ahead of the release of US jobs numbers later on Friday

Rio Tinto to grow Indian diamond presence

Thursday , 02 Sep 2010
In a major boost to gold and diamond mining in India, mining giant Rio Tinto, which has discovered an immensely rich diamond resource of 37 million tonnes in northern India's Madhya Pradesh state, is set to invest $79 million in the country.

Joy Global posts better-than-expected quarterly profits

Thursday , 02 Sep 2010
The mining equipment maker says it expects to see a recovery in need for its products as miners begin to see an uptick in commodities demand

Indonesia edges closer toward uranium mining and nuclear power

Thursday , 02 Sep 2010
After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

Copper stays firm, but eyes focused on Friday's job numbers

Thursday , 02 Sep 2010
The red metal hit a new four-month peak in early trade in Shanghai but worries about the latest set of US payroll numbers out Friday are keeping gains capped

Reko Diq copper-gold project feasibility study submitted to provincial government

Wednesday , 01 Sep 2010
As negotiations continue regarding the financial investment agreement for the massive Reko Diq copper-gold project in Pakistan, Tethyan Copper Company submitted a feasibility study to the government of Balochistan.

Mongolian Mining to raise $700m via Hong Kong IPO

Wednesday , 01 Sep 2010
According to the term sheet the miner aims to price the offer on September 24 and will become the first Hong Kong listed company to be fully based and operated in Mongolia

Old mining town now the cats' meow for Taiwanese tourists

Tuesday , 31 Aug 2010
A once dying coal town in Houtong, Taiwan has reinvented itself as a simply purr-fect tourist destination.

LME copper sinks0.7% as traders return from long weekend

Tuesday , 31 Aug 2010
Analysts say the weaker tone might prevail if data out this week continues to disappoint investors

Gold heading for new high in next few weeks

Sunday , 29 Aug 2010
With hedge funds and other speculators increasing net long positions in New York, analysts feel gold is set to test its high point in the coming weeks.

Newmont blasts Pukuafu Indah Batu Hijau mine litigation and claims

Friday , 27 Aug 2010
The long legal and media fight over the divestiture of shares of the parent company of the Batu Hijau gold mine in Indonesia continues to frustrate Newmont Mining.

Copper prices drop ahead of key Fed speech

Friday , 27 Aug 2010
Prices of the red metal paired some of the gains made in the previous session as investors waited nervously on the sidelines ahead of Fed Chairman, Ben Bernanke's annual conference speech

China to keep supplied with Indian iron ore despite Karnataka ban

Thursday , 26 Aug 2010
Karnataka state might have banned iron ore exports, but Orissa, Jharkhand and Goa have stepped in to meet the shortfall.

Korea's Posco gets green light for Indian steel mill

Thursday , 26 Aug 2010
South Korean major Posco's plans of teaming up with SAIL to build a $3.3 billion steel mill in Jharkhand is set to move ahead, with the imminent signing of the agreement.

Gold:Silver ratio falling as investors see better value in latter

Thursday , 26 Aug 2010
As gold continues to advance some investors are turning to silver as reopresenting better value

LME metals rally as investors look for arbitrage

Thursday , 26 Aug 2010
Investors chose to focus less on poor western macro-economic data and instead look at the opportunities presented by China

S. Korea, Bolivia ink preliminary MOU for lithium mine development

Thursday , 26 Aug 2010
South Korea may soon gain the right to help develop half of the world's lithium reserves which lie underneath the salt flats of Lake Uyuni in Bolivia.

Will Australian uranium begin to flow to India?

Wednesday , 25 Aug 2010
With a coalition government in Australia possible and the election result still too close to call India is focusing on the likelihood of Australia lifting its ban on uranium exports.

Base metals recover after housing-data led sell-off

Wednesday , 25 Aug 2010
Shanghai copper was steady Wednesday while London futures rallied, paring losses made in the previous session

India's love affair with faux gold

Tuesday , 24 Aug 2010
It was hoped a slew of festivals at the end of August would revive gold buying in India, but the high price appears to have trimmed volumes. Consumers are opting for cheaper, imitation gold.

India rejects Vedanta's bauxite mine plans

Tuesday , 24 Aug 2010
The country's environment ministry rejected plans by the miner to mine bauxite in Orissa

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