Posts by CNBC:

2 killed in protest over Indonesia gold mine

Two people have been killed and 10 others injured during a violent protest over a planned gold mine in eastern Indonesia. The victims were among nearly 1,000 people in Lambu village in West Nusatenggara province who were trying to stop the gold mining...

Mitsubishi buys out partner in Australia iron ore project

Japan's Mitsubishi Corp has agreed to buy its partner Murchison Metals' stakes in an iron ore development and a port and rail project in Western Australia for A$325 million ($315 million), rescuing the two projects delayed by escalating costs.

China’s iron ore growth to be limited by quality-Baosteel

QINGDAO, Sept 28 (Reuters) - China's iron ore production growth will be limited due to a decline in quality and rising labour costs, a senior executive from Baosteel Group said on Wednesday. However, Dai Zhihao, vice-president of Baosteel Group, said the

GVK in talks with Indonesian firm to divest coal mines stake – report

GVK group, of which GVK Power & Infra is a part, is in talks with Indonesia's PT Kideco Jaya Agung for divesting part of its stake in the coal mines that it bought last week from Australia's Hancock Group for $1.26 billion, business daily Mint said citing two sources. On September 17, GVK agreed to pay $1.26 billion for a majority stake in three Australian coal mines and a port and rail project owned by Hancock Group to secure long-term coal supplies for the Indian group's power projects.

Gold gains on expectations of a new Fed move

Gold is rising as traders anticipate the Federal Reserve will take new steps this week to help the sluggish economy. The price of gold climbed back above $1,800 an ounce Tuesday. Other metals, as well as crude oil, were also higher.

Zimbabwe threatens to prosecute Implats unit

Zimbabwe said on Tuesday it could prosecute or cancel the mining licence of Zimplats, the local unit of Impala Platinum, for failing to agree to transfer majority ownership to local blacks, piling pressure on the firm to strike a deal. However, Indigenisation and Economic Empowerment Minister Saviour Kasukuwere, who is leading the drive to increase Zimbabweans' control of the economy, said Harare had reached an agreement with Rio Tinto's Murowa mine and a deal was "imminent" for Aquarius' Mimosa mine. The deals with Rio and Acquarius put the squeeze on Zimplats' parent, the world's number two platinum producer, which risks losing its concessions to others, especially the Chinese, who are favoured by President Robert Mugabe.

Gold falls back after hitting all-time high

Gold futures fell slightly to settle at $1,873 as spot gold jumped to a record high Tuesday after Switzerland pegged its currency to the euro, then the precious metal retreated 2 percent from that level as investors took profits. The spot price of gold—which tracks global trades in bullion—and U.S. gold futures set all-time highs above $1,920 an ounce after the Swiss National Bank set a minimum exchange-rate target on the soaring franc to stave off a recession. Analysts said they still expect gold to chart new peaks on worsening euro zone troubles.

Indonesian Timah’s refined H1 tin output down 5%

Refined tin production at Indonesia's Timah, the world's largest integrated tin miner, fell 5 percent in the first half of this year compared with a year ago, the state-owned company said on Thursday.

Russians buy High River Gold Mines stake at a discount

Russian steelmaker OAO Severstal's unit said it bought 1 percent of High River Gold Mines at a discount, sending the Canadian miner's shares down 3 percent on Tuesday morning on the Toronto Stock Exchange.