India’s biggest holiday boosts De Beers rough diamond sales

Newcrest today reported a staggering intersection of copper gold - 883 metres grading 2.15% copper and 2.23 grams/tonne gold at its Wafi-Golpu project. The project is part of the Morobe Joint Venture with Harmony Gold of South Africa and Wafi-Golpu is seen as the next project to develop after the now established Hidden Valley gold project in the Morobe region.

The massive Oyu Tolgoi copper-gold project in southern Mongolia is now expected to produce an average of more than 3 million ounces of silver annually during its first 10 years of commercial production. In a news release Thursday Ivanhoe Mines CEO Robert Friedland said "Oyu Tolgoi will rank as a very substantial silver producer when commercial production begins in 2013."

Kazakhmys, the world's 10th largest copper miner, was confident the long-term outlook for copper remained positive as a surge in prices drove its full-year profit higher. Kazakhmys said on Thursday its 2010 earnings before interest, tax, depreciation and amortisation (EBITDA) rose 59.5 percent to $1.93 billion. According to Thomson Reuters I/B/E/S estimates, the average EBITDA forecast stood at $1.86 billion.

De-seasonalised demand for gold is likely to shoot up in India as agriculture income in the country soars. Farmers primed to invest […]

Japan's Ministry of Finance data reveals drop in refined copper exports to 26,208 tonnes. TOKYO (Reuters) - Japan's refined copper exports fell 45 percent in January from a year earlier to 26,208 tonnes, for a fourth straight month of year-on-year

The Anglo-Australian company wants to benefit from higher prices for steel-making coal, the business daily said, adding steelmakers oppose the switch, fearing frequent price changes would make production costs more volatile.

Indonesia’s chief economic minister said a group of Russian investors plan to invest $3bn in a nickel smelter on Halmahera island with […]

Steel Authority of India Ltd. announced on Thursday that it had received government approval to mine Chiria deposits located in Jharkhand, India. […]

Japan is keen to invest “billions of dollars” in minerals and infrastructure in Africa, trying to catch up to regional rival China […]