World markets saw another day of turmoil and investor jitters Monday as Asian shares plunged, oil hit a fresh high and the dollar fell to a new bottom after the near-collapse of US bank Bear Stearns.
Dealers said an emergency cut by the US Federal Reserve to its discount rate and a weekend deal for JPMorgan [...]

Oil prices hit a record 111.00 dollars per barrel Thursday amid an accelerating price rally which traders say has been fueled by a sharp fall in the value of the US dollar and supply concerns.
Saudi Foreign Minister Prince Saud al-Faisal said speculators were largely responsible for the price peaks as some analysts cautioned that the [...]

Against a backdrop of rising iron ore prices, Brazilian steel producers should maintain high profit margins relative to their global peers during 2008, according to Fitch Ratings. Brazilian steel companies enjoy important competitive advantages, including modern production facilities, close proximity to sources of iron ore and a highly concentrated domestic market, which limits competition based [...]

Ukraine raised iron ore exports tentatively 16.5% year-on-year in January-February to 3.611 million tonnes, a source at Ukrrudprom, the association of Ukrainian mining enterprises, told Interfax.
Iron ore concentrate exports nearly doubled to 929,900 tonnes, pellet exports [...]

The country’s tuna industry, which is centered in this city, would be adversely affected should Chinese companies be allowed to conduct offshore mining ventures in the disputed Spratly Islands, a nationwide militant fisherfolk group said.
Fernando L. Hicap, chairperson of the Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya), said the alleged secret deal between the [...]

Oil prices climbed back above 100 dollars on Wednesday as OPEC ministers began a vital meeting at which they were widely expected to hold current output levels despite calls from the West for a hike, traders said.
New York’s main contract, light sweet crude for delivery in April, was up one dollare to 100.52 dollars per [...]

Findings of a new study on gold mining operations in the country launched yesterday have revealed that the government lost an estimated USD400m (more than 400bn/-) over the last ten years in low royalties, unpaid corporation tax and tax evasion.
The study, entitled: “A Golden Opportunity - How Tanzania is failing to benefit from gold mining,“ [...]

Export duties being imposed on mining companies by Argentina’s government will not affect exploration or investment in the country, the country’s top mining official told reporters on Monday.
Mining Secretary Jorge Mayoral also said that legal actions against the tax by mining giants Rio Tinto, Xtrata and other companies were unlikely to proceed to international courts.
Mayoral [...]

Global mining giant BHP Billiton(BHP.AX)(BLT.L) said it plans to invest $975 million to upgrade and expand its thermal coal mines in South Africa to sustain coal exports amid soaring coal prices.
BHP approved an investment plan to develop new coal reserves across its Douglas and Middleburg collieries in South Africa and build a coal processing [...]

South Korea’s UBS Hana Asset Management, majority owned by the world’s largest wealth manager, said on Tuesday it will start a 260 billion won fund in December that will invest in a Madagascar nickel mine. South Korea’s government has decided to grant tax breaks to the fund, which will invest more than 70 percent of [...]