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RECENT NEWS
The Australian  Dec 9  Comment 
A BATTLE between two copper-focused juniors, KBL Mining and Kidman Resources, will heat up today.
SeekingAlpha  Dec 8  Comment 
Reuters  Dec 2  Comment 
Standard & Poor's on Tuesday cut its corporate credit rating on PT Bumi Resources Tbk to 'default' from 'selective default', saying that Indonesia's biggest coal miner is unlikely to service any of its debt for at least the next six months.
Reuters  Dec 1  Comment 
SouthGobi Resources Ltd , a Canadian coal miner with operations in Mongolia, said it had raised about $9 million through a private placement of shares.
The Hindu Business Line  Nov 26  Comment 
To safeguard the stock markets from any systemic risks arising out of trade and payment defaults, regulator SEBI is bringing in a new regulatory regime next week to ensure timely payment settlemen...




 

Default refers to the failure to pay his or her debt on a timely basis or to comply conditions of an agreement or an obligation. Some example of default are loan defaults which the borrower does not pay back his loan on the date agreed with the bank.

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