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Asia
 
LEGISLATION

Human rights group sues SEC over delays on resource extraction rule

0 COMMENTS
A human rights organization sued the US Securities and Exchange Commission (SEC) on Thursday, saying the agency is "unlawfully" delaying work on a rule that would require oil, gas and mining companies to disclose payments they make to foreign...
19th September 2014
 
 
GOLD OUTLOOK

Moderate global economic growth outlook forces miners to keep promises

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The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader Lee...
19th September 2014
 
 
PRECIOUS METALS

Failure not option as tech champions push forward through rocky R&D terrain

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Only 60% of the gold ore in South Africa’s rich Witwatersrand Basin is accessed; 40% is left behind in pillars to protect against seismicity. The mining method then loses a further 25% to 30% of that 60% because blasting breaks the ore into so...
19th September 2014
 
 
GOLD

Gold industry at a crossroads, return to fundamentals essential for capital

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The gold industry needed to make money once more, and return to fundamentals if it was to succeed in competing with the gold exchange-traded funds (ETFs) for coveted capital, the world’s seventh-largest gold producer by output said on Thursday. In...
18th September 2014
 
 
GOLD

Gold Fields aims to cut debt by $300m over two years

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Nick Holland Gold Fields Ltd aims to cut its debt by $300-million over the next two years, it said on Thursday, a move that would give South Africa's No 2 bullion miner ample headroom for potential acquisitions. The company's borrowings totalled $1.6-billion...
18th September 2014
 
 
DIAMONDS

State diamond miner Alexkor urged to comply with audits, find cash

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Public Enterprises Minister Lynne Brown State-owned diamond mining company Alexkor must comply with financial audits and find new sources of cash, new Public Enterprises Minister Lynne Brown urged on Thursday. In an Alexkor annual general meeting address, which was distributed to the...
18th September 2014
 
 
DIAMONDS

Upbeat Petra Diamonds moots dividend fast-forwarding

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Petra CEO Johan Dippenaar London-listed Petra Diamonds on Thursday outlined major upcoming elevations in the economics of its mining operations, which upped production in the 12 months to June 30 to enable the buoyant diamond mining company to post a 47% increase in...
18th September 2014
 
 
gold

China set to win Asia gold pricing race with new exchange

0 COMMENTS
China will launch a gold exchange open to foreign players for the first time on Thursday, putting the world's top bullion buyer on track to win a race to set the benchmark price in Asia. The Shanghai Gold Exchange (SGE) will launch its...
18th September 2014
 
 
DIAMONDS

De Beers continues investment to meet consumer demand

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Venetia Major investments continue to be undertaken by diamond mining and manufacturing company De Beers Group, as demand is expected to almost outstrip growth in terms of diamond carat production in the next ten years, given the lack of new mining...
17th September 2014
 
 
DIAMONDS

Rough carat production well below 2005 level as demand soars – De Beers

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De Beers CEO Philippe Mellier Global 2013 rough diamond carat production was still well below the 2005 peak of 175-million carats, at a time when global diamond jewellery demand had reached record highs, De Beers said on Wednesday. Releasing its inaugural Diamond Insight...
17th September 2014
 
 
OIL & GAS

India’s ONGC starts JV talks with Mexico's Pemex

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The overseas exploration arm of Indian major ONGC Limited, ONGC Videsh Limited (OVL), has started negotiations with Petroleos Mexicanos (Pemex), Mexico’s national oil company for a stake in oil and gas assets in central and Latin America....
17th September 2014
 
 
COAL

China low-quality coal ban won’t place Oz exporters at disadvantage

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The Minerals Council of Australia (MCA) on Wednesday urged the resources sector not to overreact to China’s recently announced low-quality coal ban. China’s National Development Reform Commission has instituted a ban on burning coal with an ash...
17th September 2014
 
 
 
 
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Underground coal gasification has key... Audio
Deep-pocketed Asian investors eye... Audio
GFMS predicts new gold highs in 2010,... Audio
IFC wants to get in early on... Audio
Moly price well above $10/lb needed... Audio
Chinese investment in resources seen... Audio
Pan African seeking govt help after... Audio
Better diamond demand possible as... Audio
South Africa’s State mining company... Audio