Asia Pacific

Indonesia probing allegations of extortion to Freeport-McMoRan by senior officialsFreeport McMoRan Copper and Gold's Grasberg mine is the world's largest gold mine and third largest copper mine. Indonesia has began investigating claims that senior officials demanded to be granted...

Caterpillar sales down again, almost three straight yearsThe biggest declines in sales were in construction in Latin America (-41%) and in the resources industry in Asia (-37%). Caterpillar (NYSE:CAT), the world’s No.1 heavy machinery maker, put another nail in...

In the doldrumsThe once obscure Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago. The London-based Baltic Exchange tracks the cost of moving commodities along more than 50 routes...

In an attempt to put the estimated 20,000 tonnes of gold households and temples on the subcontinent are hoarding to more productive use and alleviate pressure on its current account, the Indian government launched two new gold savings schemes a...

Conducting field work on an Altan Rio Minerals property in Mongolia. ALTAN Rio Minerals has closed a private placement with the European Bank for Reconstruction and Development (EBRD) for gross proceeds of $999,960. Following closing of the placement...

PRONTO Software is a leading ERP provider in Australia and is using its proven technology and dedication to high service standards to expand its Asian footprint. Asia is a new mining frontier and Pronto is determined to develop in...

Looking ahead over the next five years, a recent survey indicates that mining executives believe investment in digital technology will improve company productivity and play a major role in reorganizing operations. (Photo courtesy of Caterpillar)Many mining executives are convinced...