Middle East

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...

It is worth about $1.5 million. Alrosa, the world's top diamond producer by output in carats, has found another massive precious rock at its Jubilee kimberlite pipe, in Yakutia, northeast Russia. The 121.96-carat diamond was extracted by the company’s...

Prophecy Development Corporation has signed an Engineering, Procurement and Construction (EPC) agreement, equity investment agreement and share purchase Agreement with China-based Shandong Electrical Power Construction No2 Company (SEPCO2) to invest in and build the 600MW Chandgana power plant in...

The competitive position of Australian exporters has been enhanced by the official entry into force of the China-Australia Free Trade Agreement (ChAFTA) on December 20. Australia’s Minister for Trade and Investment Andrew Robb said that more than 86% of...