Most miners lag behind in human rights issues — report

Chinese steel mills are turning their backs on India and embracing Australia as a source of higher-grade ore for steelmaking.

Some analysts claim that the cross rate between the euro and the yen affects the price of gold (the term “cross” meaning here that the quote does not involve the U.S. dollar). Are they right? Let’s see the chart below and check it out.

Fresh bid is far better than the $2.55bn it offered earlier this month and considerably more than the $2.45bn offered by Yancoal, the Chinese-backed miner that is Rio’s preferred buyer.

Company says Grasberg copper mine is running as normal

Thousands of mine workers at the Indonesian unit of Freeport-McMoRan Inc will extend their strike for another month to protest against layoffs, a union official said on Wednesday.

Coal India, responsible for about 82% of the nation's total coal output, said the closures would save around 8 billion rupees ($124 million).

Toro Energy's Wiluna project, Vimy Resources' Mulga Rock project, as well as Cameco's Kintyre and Yeelirrie projects allowed to go on.

The acquisition would make of Yancoal Australia’s largest pure-play coal producer.

Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.