Asia Pacific

India’s appetite for gold takes global demand to two-year high while Indian consumer demand, including purchases of bars, coins and jewellery, jumped 13% to 268 tons, the council warned the outlook for the fourth quarter was “muted.” Global demand for gold, including bars, coins and jewellery climbed to the highest in…
Despite not signing the nuclear non-proliferation treaty, India will be allowed to import uranium from Australia for civilian purposes. On Sunday the two countries finalized a deal that has been in the works for three years, with Indian Prime Minister Modi and Australian PM Malcolm Turnbull making statements on the…
Rio Tinto to close Queensland coal mine if extension gets rejected   Mining giant Rio Tinto (ASX:RIO) will have to close its Kestrel coal mine in Queensland, Australia, unless the government approves a long-sought extension request. The operation, Rio's only underground coal mine, was granted an expansion permit in 2013,…
The stock was down more than 7% to $2.50 at 11:30 am ET, as the company added that most of the 540 Northshore employees in Silver Bay, Minnesota, will be laid off, maintenance crews excepted, because of high inventory levels and the continued flood of cheap steel imports to the…
Sumitomo Metal Mining is looking to snap up stakes in copper and gold mines, taking advantage of its sound finances and a slump in commodity prices to bolster future growth, its president said. "We have a perfect opportunity now to make use of strength and pursue good deals that would…
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