News

India’s appetite for gold takes global demand to two-year high while Indian consumer demand, including purchases of bars, coins and jewellery, jumped 13% to 268 tons, the council warned the outlook for the fourth quarter was “muted.” Global demand for...

Despite not signing the nuclear non-proliferation treaty, India will be allowed to import uranium from Australia for civilian purposes. On Sunday the two countries finalized a deal that has been in the works for three years, with Indian Prime...

Rio Tinto to close Queensland coal mine if extension gets rejected   Mining giant Rio Tinto (ASX:RIO) will have to close its Kestrel coal mine in Queensland, Australia, unless the government approves a long-sought extension request. The operation, Rio's...

The stock was down more than 7% to $2.50 at 11:30 am ET, as the company added that most of the 540 Northshore employees in Silver Bay, Minnesota, will be laid off, maintenance crews excepted, because of high inventory...

Sumitomo Metal Mining is looking to snap up stakes in copper and gold mines, taking advantage of its sound finances and a slump in commodity prices to bolster future growth, its president said. "We have a perfect opportunity now...

It's been a brutal November on copper markets with a only one up day of trading since the start of the month. Just over the last week the price has fallen more than 7%. In New York on Wednesday...

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...