Middle East

OceanaGold has received a five year extension to the exploration period of its Financial and Technical Assistance Agreement (FTAA) at the Didipio Gold Project in northern Luzon, the Philippines.                  ...

Russia’s central bank is now the world’s top gold buyer after adding 356,000 ounces of the precious metals to its reserves in February, data from the International Monetary Fund (IMF) quoted by local paper Vedomosti (in Russian) shows....

The Prime Minister of Fiji, Commodore Voreqe Bainimarama, visited Lion One Metals’ Tuvatu Gold Project on January 27 to commemorate the grant of the Tuvatu mining lease in March 2015. The official handover ceremony as attended by more...

Divisions between the world's major oil producers were laid bare on Tuesday as markets dismissed the prospect of an emergency Opec meeting to cut production levels. Forward contracts for Brent crude fell by as much as 4.5pc to...

India mulls key investment to set iron ore plants in IranSarcheshmeh copper complex, operated by the National Iranian Copper Industries. (Image courtesy of NICICO) State-owned Indian firm KIOCL may invest an initial $59 million to build an iron ore...

Canadian miner Centerra Gold (TSX:CG) can finally proceed with plans for developing its 1.6-million ounce Gatsuurt gold deposit near its Boroo Mine, Mongolia's parliament ruled Thursday. The decision, which comes after five years of negotiations, grants Centerra a 66%...

ALROSA's management, headed by the President Andrey Zharkov, paid a working visit to Mumbai and Surat (India). The Company representatives visited the Special Notified Zone (SNZ) that was opened last year at Bharat Diamond Bourse.The decision to set up...