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Asia News Digest
Monday 23 October 2017
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The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).

New report says Rio talking to Indonesian groups to sell interest in giant copper, gold mine – Freeport still at loggerheads with Jakarta about stake sale.

Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.

The world’s largest diamond producer by value offered less precious stones, in line with its policy of trying to match sales to demand.

Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.

The Singapore Diamond Investment Exchange (SDIX) has launched a new investment-grade, standardized diamond product to rival gold as a safe-haven asset.

Of all the new coal generation expected to go online over the next decade, Chinese companies will build nearly half of it.

Freeport agreed in August to divest a 51% stake in Grasberg to local interests in return for full operational control until 2041 plus fiscal and legal guarantees, but a final deal has still to be reached.

North American investors poured $2.5 billion into gold-backed funds in September despite pullback in gold price.

Roy Cimatu, who replaced ousted ecologist Regina Lopez in May, has said he would review evidence brought forward by mining companies and communities before deciding whether to keep, modify, or reverse his predecessor's measures.

Plug-in-vehicle market in China surges to a record 1.8% of total passenger vehicle sales.

As the world’s premier precious metals equity event, the Gold Forum attracted 1,000 attendees who conducted a record 3,900 meetings.

North Korea’s biggest trading partner imported 1.64 million tonnes of coal in August

A new report from BMI Research states that the global refined zinc market will remain in deficit over the next few years

China’s top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, its chairman said, looking to tap the sector’s “explosive” demand.

"[W]e expect growth in China to ease modestly over the short-term, as monetary policy tightens and housing and automotive markets soften," Mackenzie said.

After sending court bailiffs to seize property from Stand.earth, Enbridge backed off, saying it will not seize property after all.

India's Multi Commodity Exchange (MCX) has launched the country's first gold options contract in New Delhi to coincide with the gold-buying festival of Dhanteras.

Mills in some northern Chinese cities ordered to cut output, acting on government policy to fight smog caused by pollution from industrial plants.

New Delhi is restricting them from importing the yellow metal only for export purposes and not for selling in the domestic market.

Lepanto was among more than two dozen companies ordered halted by a sacked minister who led an environmental crackdown.

6 Months Thermal Coal CAPP Price
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