India’s No. 1 power producer, NTPC Ltd will soon float a global tender to import 5 million tonnes of coal, its chairman and managing director T. Sankaralingam said on Thursday.
“We will like to cut down the coal import prices. It is competitive market and competition is key,” he said without elaborating on the grade of [...]

Territory Resources announced today it has committed to spend $25 million over the next two years with the aim of substantially expanding its high grade resource base and extend mine life at the Frances Creek iron ore project.
Territory Resources Chairman Michael Kiernan said the Company was focused on delivering a steady increase in production at [...]

Oil prices jumped close to 106 dollars on Friday as investor sentiment was driven by the weak US dollar, tight energy supplies and more bad news on the US economy, analysts said.
On Friday, New York’s main oil contract, light sweet crude for delivery in May, jumped 1.92 dollars to 105.75 dollars per barrel, after earlier [...]

China’s largest nickel producer, Jinchuan Group Ltd, has taken a 11 per cent equity stake in Perth-headquartered nickel explorer and producer Fox Resources Ltd.
The news sent Fox shares north, up 15 cents, or 30.93 per cent, to 63.5 cents at 1229 AEDT on Monday.
Jinchuan secured statutory approvals from the Chinese Government and the Provincial Government [...]

Malaysian Estate Owners’ Association president Boon Weng Siew said the price control mechanism under the Cooking Oil Subsidy Scheme (COSS) was causing the industry to suffer.
Responding to Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad’s suggestion to review price control and subsidies, Boon said artificial price controls led to shortages in the market.
Cooking [...]

March 26, 2008) - Red Hill Energy reported today that further to the December 21, 2007 news release, a National Instrument 43-101 report and assay results have been received by the company on its very significant Chandgana Khavtgai coal project. All three of Red Hill Energy’s coal resources are now National Instrument 43-101 compliant as [...]

Russian steel maker Mechel said on Wednesday it has agreed to pay $1.5 billion (750 million pounds) in cash to acquire ferro-chrome producer Oriel Resources as it expands its ferro-alloy business.
Mechel, Russia’s largest coking coal producer, said it would pay 219.86 U.S. cents per share in Oriel, a Britain-based company that operates a ferro-chrome [...]

Monday, the media reported that the Indian Government-owned National Mineral Development Corporation Ltd., or NMDC, the largest iron ore producer and exporter in India, is negotiating with Canadian-based New Millennium Capital Corp., or NML, to develop one of the world’s largest underdeveloped low-grade magnetite iron-ore deposits project, valued at $3.5 billion or Rs.14,000-crores.
Besides developing the [...]

Wits Basin Precious Minerals Inc. has recently amended its purchase agreement for the Ma Anshan iron ore property in the People’s Republic of China to include a production incentive to deliver one million tonnes of iron ore concentrate by December 31, 2010.
“Obtaining this tonnage incentive was critical for our lenders and our shareholders,” stated [...]

Somphong Vajirakaphan, CEO of one of Chinatown’s better-known goldsmiths, said if the long queues at gold stores in China on the day gold prices hit US$1,000 (Bt31,200) an ounce indicated anything, it was that the market remained jittery and panicky.
Although touted as a safe haven for investors seeking to cover their losses in the volatile [...]