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Asia News Digest
Saturday 29 April 2017
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The International Center for Settlement of Investment Disputes (ICSID) said Pakistan violated several provisions of its bilateral investment treaty with Australia, where the joint venture between Barrick and Antofagasta is incorporated.

Prohibition only affects planned mines, not the ones currently in operations, but it will take effect immediately.

Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.

The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.

World's top listed copper miner cuts production outlook for the year, but impact of dispute with Jakarta more contained than thought.

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.

Production for the first three months of the year slumped 37% compared with the same period of 2016.

Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.

The Indonesian unit is now in the process of obtaining a full export permit.

The new plant, to be based at the Karabil potash deposit, is estimated to be worth about $1.4 billion.

Dozens of people flock to the Bong Mieu mine every day to extract gold

They have found valuable minerals atop an underwater mountain, which is basically a huge flat-topped mound of some of the scarcest materials on Earth.

But market was in small deficit according to study.

The commodity is now trading below $70 a tonne and has just suffered its largest one-day percentage decline in over a year.

New report says despite a slowdown in China, falling mine production will push lead prices higher over the next five years.

Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.

Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.

The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.

While the company had other projects in the country, the Bayan Khundii gold project went from greenfield prospect to being its main asset in roughly nine months.

Tungsten, tin, tantalum and gold are now also being illegally extracted and traded at sites under the control of armed groups in countries including Myanmar and Colombia.

The Japanese firm has completed its $3.7bn takeover of the Milwaukee-based equipment maker.

The miner said it won't meet its coal export commitments due to the damage caused by cyclone Debbie, which struck Australia’s north-east coast last week.

The Stellar Daisy, which set out from the a port in Brazil to China, last made contact on Friday. 22 out of the 24 crew members are still unaccounted for.

Damage to rail lines in cyclone-hit Queensland have disrupted the shipment of between 15 million and 20 million tonnes of coking coal destined to Asia.

The news follows the exit of former Anglo American CEO Cynthia Carroll, who stepped down last month.

Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.

IC Potash Corp. is creating a subsidiary that will focus on enhancing yields for cannabis growers and increasing the health impact and effects for consumers.

Accidents at two neighbouring gold mines claimed the lives of 11 miners working the pits in Henan province on Friday.

Burning coal, oil, and natural gas is responsible for two-thirds of humanity’s emissions of greenhouse gases, and yet provides more than 20% of GDP in two dozen nations.

6 Months Thermal Coal CAPP Price
6 Months Tin Price
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