Upstart explorer Australian Mining Investments Ltd. more than halved its resource estimate for a copper discovery in Queensland state on Monday, slicing 50 percent off the value of its shares.
The company, which this week changes its name to CuDeco Ltd., had seen its stock rocket to a high of A$10, from 29 cents, in less [...]

When copper prices hit record highs on international markets in 2005, Zambian miner Joseph Banda hoped for a rerun of the 1970s, when Zambia’s miners drove the economy and were handsomely rewarded with benefits and perks.
But the private investors that have since taken over from the state-owned Zambia Consolidated Copper Mines (ZCCM) are less concerned [...]

Confidence in the sustained economic growth of China and India and its effect on prices for Arizona’s copper is continuing to revive and expand the mining industry in Southern Arizona.
To further emphasize a company commitment to Tucson and its surrounding mines, metallurgy and mining engineering company Aker Kvaerner is expanding again, adding a second, 13,730-square-foot, [...]

A consortium of nongovernmental organizations (NGOs) have expressed deep concern about the negative effects of the operations of multinational mining companies and has pledged to support the struggles of local communities to assert their human rights.
The OECD Watch, a network of over 50 NGOs from 30 countries working to demand corporate accountability and on OECD [...]

Xstrata Plc, the world’s biggest exporter of coal used in power plants, said it agreed with most of its Japanese customers on a price for thermal coal sold under contract in 2006-07 that is near last year’s record level.
Xstrata, based in Zug, Switzerland, agreed with Japanese power utilities on a price of $52.50 per metric [...]

SXR Uranium One Inc., which is developing South Africa’s largest uranium resource, offered $110 million to buy Rio Tinto Group’s Sweetwater Uranium Mill and Green Mountain deposit in Wyoming.
This “is a significant step toward one of the key strategic goals we set for ourselves as a company in 2005 — acquiring the capacity to mine [...]

AUSTRALIA’S mining minnows have defied the volatility of recent months to finish the financial year well ahead of their big brothers.
The Intersuisse Resources Index, which tracks 162 mining stocks with market capitalisations of between $20 million and $500 million, rose 61 per cent in the year to June 30.
The index of small miners outpaced [...]

Sri Lanka has set a 30-day deadline for the local unit of Indian Oil to resume gasoline sales or risk being taken over by the government.
The Lanka-Indian Oil Company, LIOC, which controls a third of Sri Lanka’s retail petroleum business stopped importing gasoline following a dispute with the Sri Lankan government over 71 million dollars.
The [...]

Castrol India Limited is greased up and slip sliding its way through the subcontinent. The company’s products include oil and other lubricants used by the automotive, industrial, and marine sectors. Its automotive sector, which accounts for 85% of sales, includes petroleum products used in off road vehicles, motorcycles (both 2-and 4-stoke engines), and diesel engines. [...]

Essar Oil Ltd on Saturday said one of its promoter group company has acquired 67.22 per cent of stake in the company through purchase of 47.61 lakh Global Depository Shares (GDS). The GDS represent 72.84 crore underlying equity shares, which were with the company’s depository, Bank of New York and now have been purchased by [...]