IGC all set to ship first consignment of iron ore | 22 May 2

India’s construction and materials company, India Globalisation Capital (IGC,Amex: IG-News) is all set to export iron ore from mines in India to customers worldwide and has initiated supply contracts with Chinese companies.

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Low pesticide use, India's crop loss substantial | 23 May 20

Poor and inadequate use of pesticides is causing massive losses to Indian agriculture. Yearly crop losses exceed Rs. 1 lakh crore since insects, pests and weeds are surfacing to eat standing crops because of non-judicious use of pesticides by farmers in 20% of India’s agriculture land,

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Chinese wedding season boosts platinum jewellery | 22 May 20

A senior figure at Platinum Guild International (PGI) has claimed that the already-growing demand for platinum jewellery in China will be boosted by an "auspicious" wedding season.

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Bullion trade in Middle East hit as gold demand falls | 22 M

Recession is beginning to hit bullion trade hard across cities in the Middle East where gold is the most actively traded commodity. From Dubai to Saudi Arabia, demand for gold has fallen by 26% to 53.6 tonnes for the first quarter of 2009 in the wake of high prices of the yellow metal and falling stock markets.

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Bullion trade in Middle East hit as gold demand falls | 22 M

Recession is beginning to hit bullion trade hard across cities in the Middle East where gold is the most actively traded commodity. From Dubai to Saudi Arabia, demand for gold has fallen by 26% to 53.6 tonnes for the first quarter of 2009 in the wake of high prices of the yellow metal and falling stock markets.

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Indian consumer pays more due to poor logistics | 22 May 200

The Indian consumer is pay more for products while producer gets a lower price for their merchandise because of poor logistics. India has a long road to travel for developing logistics concept.

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Gold headed for $1000 or higher | 22 May 2009 | www.commodit

Are you watching the dollar? Maybe the unwinding of the dollar- based paper money system is coming sooner than we expected. Yesterday, the dollar fell again - now it costs $1.37 to buy a euro. And if you want an ounce of gold, it will cost you $937. It looks to us as though gold is headed to $1,000 again...maybe higher.

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Trader banned for concealing short trade | 22 May 2009 | www

Redmond, a trader on the freight desk of Morgan Stanley’s Commodities divison has been banned from doing commodity trades as he was found to have concealed a significant short position overnight exposing the firm to risk of incurring a significant loss.

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Gold to touch $1,000 per ounce soon: UBS | 23 May 2009 | www

Swiss bank UBS says that it is maintaining its one and three-month Gold Price forecasts as the yellow metal continues to find support among investors.

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Global companies hot on platinum mining in S Africa | 23 May

Pan African Resources is set to buy the 600,000 oz pgm Phoenix Platinum tailings treatment project in South Africa for R71 million, says a report posted in Platinum Today.

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