MINING.COM

Indian oil giant said it never offered $5 billion for Canadian oil sands

State-own Indian oil company Oil and Natural Gas Corp. (ONGC) denied Tuesday that, together with two other state-run oil firms, bid $5 billion for a stake in six Canadian oil sands assets owned by U.S. energy giant ConocoPhillips, as several media outlets reported Monday.

Cecilia Jamasmie | September 25, 2012 | 4:56 pm

China to help Venezuela develop one of world’s largest gold mines

China and Venezuela have signed an agreement to jointly develop Las Cristinas gold mine, one of the world’s largest deposits of the shiny yellow metal, located near a town bearing the name of the mythical golden city of El Dorado.

Cecilia Jamasmie | September 24, 2012 | 5:36 pm

Chinese reforms anticipate sustained decline in coal prices

Slated reforms to China's pricing system for the carbon fossil fuel indicate that the country's leading decision-makers anticipate a sustained decline in global spot prices.

Marc Howe | September 24, 2012 | 2:01 am

Oyu Tolgoi ready to lift the curtain, but someone has to turn on the lights

Rio Tinto’s flagship $5.2 billion copper-gold Oyu Tolgoi mine in Mongolia near the Chinese border – one of the biggest mining projects in the world – is practically ready to go, except for one “detail”: it needs power supply to kick-start operations.

Cecilia Jamasmie | September 21, 2012 | 1:57 pm

Christie’s expects over $15 million for huge Indian diamond

The Archduke Joseph Diamond, a 76-carat gem considered one of the most renowned worldwide, may be sold for more than $15 million in Geneva on Nov. 13, the world's largest auction house Christie’s said on Friday.

Cecilia Jamasmie | September 21, 2012 | 11:00 am

China to exploit global warming for Arctic mineral riches

Cash-flush China is intent on seizing its share of the oil and mineral bounty made available by the melting of the Arctic ice cap.

Marc Howe | September 21, 2012 | 1:04 am

Freeport asked to up Indonesian royalties to 10%

Freeport currently pays 3.5% for mining copper in Indonesia, Southeast Asia’s largest economy, and 1% for gold.

Cecilia Jamasmie | September 20, 2012 | 3:54 pm

Canpotex secures potash demand from Indonesia

North American potash selling consortium, Canpotex, will be shipping larger amounts of the fertilizer to Indonesia after the five-year potash supply deal signed Tuesday between the offshore selling agency and Southeast Asian buyers.

Cecilia Jamasmie | September 20, 2012 | 2:00 pm

Rio Tinto bets on India to revive its ailing diamond business

Mining giant Rio Tinto has decided to target the Indian marriage gifting market with its “Nazrana” brand of gem-based jewellery in an effort to boost its depressed division.

Cecilia Jamasmie | September 19, 2012 | 6:46 pm

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Seven die in Pakistan mine blast, six missing

Trump escalates feud with Turkey, imposing higher metals tariffs

Global bauxite production to grow: Fitch

Indian miner sues Uruguay for $3.5 billion

Glencore credits China’s ‘Blue Skies’ program for strong H1

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