SURAT (Commodity Online): After Surat diamond traders faced a humiliating arrest and subsequent inquiry in China over alleged smuggling of diamonds, this week a diamond trader’s family from Surat was robbed of diamond worth crores at gun point in
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COOS BAY — More than 20 years, $29 million and 14 permits later, Oregon Resources Corp. finally has the go-ahead to begin construction on its Bunker Hill ore processing plant. The U.S. Army Corps of Engineers has issued the definitive operating permit,
Gold futures on the COMEX Division of the New York Mercantile Exchange closed lower on Friday as U.S. retail sales posted a surprising gain in February. Sliver and platinum both dropped.The most active gold contract for April delivery dropped 6.5 U. S.
SHANGHAI, March 13 (Reuters) – The heads of more than 10 major Chinese steelmakers have written a letter to Premier Wen Jiabao asking for the government to take up the issue of iron ore price negotiations, state media said on Saturday. The companies
He may soon be called the nuclear industry’s Golden Child. No president in the last three decades has put more taxpayer dollars behind atom power than Barack Obama. And there may be good reason why the president is salivating over the prospect of
ENERGY firms ScottishPower and E.ON have been awarded funding to design power plants which can trap and store carbon emissions permanently underground. The two energy suppliers are competing for government backing to build the UK’s first carbon capture
Eurotire, an emerging leader in the design and manufacture of off-the-road (OTR) tyres and provider of tyre support services for the global mining industry, has released EuroTrak, its tyre tire management system. Tyre and wheel performance data will be
The big winners (in terms of attracting assets) in 2010 will be industrial metals and indices tracking the broad market, while Swiss domiciled ETFs tracking gold will continue to grow. In terms of trading, Energy will remain a highly popular sub-sector,
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Anticipating a spike in gold prices due to the proposed hike in customs duties for precious metals in the Union Budget for 2010-11, the gold traders of Orissa have sought a rollback of the proposal. In his budget speech, Union finance minister Pranab
Investors love commodity exchange traded funds (ETFs), and with good reason. Aside from the usual benefits that ETFs offer, commodity funds deliver the kind of exposure to commodities that would otherwise be very challenging, very expensive or both. But
Despite a federal jury ruling last Friday that a Bauxite schools maintenance supervisor was guilty of sexual harassment, and after a long, heated discussion, the Bauxite School Board declined to take disciplinary action against Sammy Roberson and did not
China should set up a coal and coke futures exchange in Taiyuan, capital city of the coal-rich Shanxi province, as soon as possible, a lawmaker said Friday. According to Zheng, a deputy to the National People’s Congress, no other countries in the world
Mumbai, Mar 12 (UNI) The precious metals today advanced as Silver rose by Rs 275 per kg to close at Rs 27,190 per kg and Gold went up by Rs 95 per ten gm to finish at Rs 16,600 on fresh demand from jewllery makers, induced by positive global cues,
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ KELOWNA, BC, March 12 /CNW/ – Georox Resources Inc. (“Georox” or the “Company”) today filed its audited annual consolidated financial statements for the year
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./ VANCOUVER, March 12 /CNW/ – GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V: GMV.V) today announces that it has terminated its previously announced (January 22,
China should set up a coal and coke futures exchange in Taiyuan, capital city of the coal-rich Shanxi Province, as soon as possible, a lawmaker said Friday. Launching coal and coke futures would allow investors to use arbitrage to preserve value of coal
Funding was today awarded to E.ON and ScottishPower for design and development studies as part of the competition to build one of the world’s first commercial scale carbon capture and storage demonstration plants. The funding will support Front End
(ENS) – The U.S. Energy Department and NRG Energy will each contribute up to $154 million to fund a new project to capture and store the greenhouse gas carbon dioxide at NRG’s coal-fired power plant southwest of Houston, Texas. U.S. Secretary of Energy
Goldcorp Inc. is spending $40 million this year to develop its recently acquired El Morro gold-and-copper project in Chile, despite a dispute over ownership of the project with the world’s largest gold miner. Goldcorp (TSX:G) chief operating officer
“Remember when $25, 000 was a success? Now it is a garbage collector.” ~ Frank Dane At one point on Monday the Dollar was trading in the red and Gold which should have shot up was actually trading roughly 10 dollars lower. As the Day progressed both the