WHATS NEW

Zijin drops Platmin acquisition plans

Tuesday , 07 Sep 2010
The agreement on the deal expired on August 30th but, the two firms couldn't agree on further extension terms

China tells more steelmakers to shut or cut production

Tuesday , 07 Sep 2010
As the Chinese government urgently drives the sector to meet year-end energy saving targets, prices are rising

Dollar rally weighs on copper prices

Tuesday , 07 Sep 2010
Copper prices in Shanghai fell more than a percent on Tuesday and fell also in London on the back of a strong rebound in the dollar

Junior explorer finds significant gold intersections in nickel mining region

Tuesday , 07 Sep 2010
Western Australian mineral explorer Hannans Reward has strengthened the potential of its exploration portfolio in the State with significant gold intersections in the Lake Johnston region.

Gold gives up early gains

Monday , 06 Sep 2010
Volatile stock markets could encourage some investors to shift to bullion.

Expect more volatility in iron ore market - Minmetals

Monday , 06 Sep 2010
The Chinese group says the abolition of annual iron ore pricing has damaged the long-term stable relationship between miners and Chinese steel mills

DRC sanctions new kind of mining & oil madness

Monday , 06 Sep 2010
"Asset flipping" hundreds of millions of dollars in the DRC is the brazen new national sport to the benefit of the few while legitimate companies lose their assets.

Indian government signals major, mining policy shift

Monday , 06 Sep 2010
Even as the Indian government rejects Vedanta and okays Posco's project, it is seeking to adopt a new, holistic approach to mining, and is clearly intent on avoiding a repeat of the Orissa incident.

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

Andean shares jump 10% on bid attempts

Monday , 06 Sep 2010
Talks of bigger gold resources at the Argentina-focused miner raised hopes of a further bid by Eldorado Gold, whose initial bid was trumped by one from Goldcorp, or others.

China rare earths fears overblown but U.S. policy foolish

Monday , 06 Sep 2010
Hard Assets Investors' Lara Crigger interviews rare earths expert Jack Lifton who feels rare earths worries are overhyped and that the U.S. has been foolish in closing down its facilities.

Political, economic announcements boost longer term gold outlook

Monday , 06 Sep 2010
Previously $1240/oz was a key level of resistance for gold, as it slowly becomes a new support level, the price of the yellow metal is likely to continue to trade higher

Gold stutters at $1,250 as silver closes on $20

Monday , 06 Sep 2010
Gold is finding it tough to break up through $1,250 decisively with profit taking above this level holding it back, but silver's path is looking altogether more positive as it nears $20.

Vale, BSGR to help raise Liberian power production to 1,000 megawatts

Monday , 06 Sep 2010
The country said the two firms are going to rebuild the hydro electric plant on the St. Paul River and have also signed an agreement to ship iron ore through Liberia.

Iron ore cargo ship takes Arctic route, makes history

Monday , 06 Sep 2010
The MV Nordic Barents, carrying iron ore from Norway to China, is taking the northern most route from Europe to Asia, through the melting ice cap, which is expected to cut 5,000 nautical miles off the trip

Chinese officials order state firms to explore Potash Corp bid

Monday , 06 Sep 2010
According to a source with direct knowledge of the matter , as a result of the directive Sinochem is holding meetings with several banks

China Metallurgical Group to develop iron ore mine in W. Australia

Monday , 06 Sep 2010
According to The Australian Financial Review, the miner says, construction on the mine will start in mid-2012 and operations will begin in 2015

Bidding war prospects push Andean shares up 12%

Monday , 06 Sep 2010
Shares in the gold explorer jumped on Monday after Goldcorp launched a C$3.6bn bid for the company, trumping a bid by Eldorado Gold

18 steel mills in N. China ordered to close for 1 month - report

Monday , 06 Sep 2010
The China Securities Journal reported Monday that mills which do not meet state requirements for enviornmental protection and energy savings have been forced to close

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.

Double dip concerns bode well for September gold price

Sunday , 05 Sep 2010
August was a bad month for stocks in general, but gold regained its July losses and an upwards trend could foreshadow a new record in September.

World top copper miner to cut 3,000 jobs

Sunday , 05 Sep 2010
Chile's Codelco plans to eliminate 3,000 jobs by year end to boost its competitiveness. Unions quiet but warn workers to be on state of alert.

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.

Yes, gold can go higher - Frank Holmes

Saturday , 04 Sep 2010
Gold price coud double and some gold stocks triple over the next five years as gold does not look yet to be overbought.

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