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Can central banks go broke? A question for India: Andy Mukherjee

Raiding a little more than half of the $95 billion foreign-currency and gold revaluation account would force the RBI to sell an identical proportion of the related assets, or $190 billion. That would trigger a “cataclysmic deflationary shock” for the economy.

Bloomberg News | November 18, 2018 | 9:09 am

Australia’s coal revival in full swing by 2019

The outlook for coal depends basically on the growth of electricity and steel production in Asia.

Resources Monitor | November 16, 2018 | 10:02 am

World Gold Council announces update to AISC guidance

It is expected that companies may choose to use the updated guidance starting January 1, 2019.

MINING.com Editor | November 16, 2018 | 9:01 am

Volkswagen to spend $50 billion on electric car ‘offensive’

German automaker is also considering involvement in battery production.

Cecilia Jamasmie | November 16, 2018 | 6:40 am

Komatsu autonomous haulage system sets new haulage record

The Japanese firm's truck has achieved the unprecedented milestone of more than two billion tonnes of surface material moved autonomously.

Komatsu America Corp. | November 16, 2018 | 5:13 am

Vedanta sells copper concentrate from stockpiles at shuttered India smelter

The Tamil Nadu state disconnected the smelter's power supply in May following anti-pollution protests that turned violent and culminated in the police opening fire, killing 13 protesters.

Reuters | November 16, 2018 | 4:24 am

Asia Gold-India swings to premium; benchmark price dip lends appeal elsewhere

Dealers in India were charging a premium for the first time since early September -- of up to $3 an ounce over official domestic prices this week.

Reuters | November 16, 2018 | 4:00 am

Philippines to allow some halted mines to resume operations with conditions

The nine mines, six of which are nickel operations, have been shut since 2017 as part of an environmental crackdown on the sector.

Cecilia Jamasmie | November 16, 2018 | 3:41 am

India state may cancel NMDC’s Donimalai mine lease in levy dispute

Following the news, NMDC shares fell as much as 7.4 percent to 99.20 rupees, their lowest since July 25, marking their biggest single-day fall since Aug. 9.

Reuters | November 16, 2018 | 3:15 am

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Coal benchmark jumps 46% as Ukraine war stokes supply fears

Bank of Russia resumes gold buying after two-year pause

Wind-power giant Orsted stops buying coal, biomass from Russia

BP to exit Rosneft stake and may take $25 billion hit

ESG, green energy transition to remain top-of-mind in mining boardrooms – report

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