Asia

China’s falling out of love with gold, demand drops 19%

Cecilia Jamasmie | July 23, 2014
China’s falling out of love with gold, demand drops 19%

Gold consumption in the country fell to 569.5 tonnes, with the weakness in the yuan adding to higher spot prices.

UN opens up more deep sea areas for mining, issues seven new licences

Cecilia Jamasmie | July 23, 2014
UN opens up deep sea for mining, issues seven new licences

State-owned and private companies from the UK, Germany, India, Brazil, Singapore and Russia are among those to benefit from the seabed regulator’s decision.

Indonesia lifts six-month ban of metal concentrate exports

Cecilia Jamasmie | July 22, 2014
Indonesia lifts six-month ban of metal concentrate exports

The shipments, the first of their kind in six months, were allowed after Sebuku Iron Lateritic Ores (SILO) and Lumbung Mineral Sentosa agreed to pay the new 20% tax.

India may allow private companies to commercially mine coal

The Economic Times | July 21, 2014

India's government will initiate the process of allowing private companies to commercially mine coal and end the state monopoly after the public offer of shares of Coal India Ltd.

Indonesia to revoke Newmont license unless resumes output, lifts lawsuit

Cecilia Jamasmie | July 17, 2014
Indonesia to revoke Newmont license unless resumes output, lifts lawsuit

Authorities are is planning to send a letter to the Colorado-based miner saying that it has defaulted on its contract and, therefore, is “negligent."

Cameco expects Australian regulator decision on uranium mine shortly

Cecilia Jamasmie | July 16, 2014
Cameco expects Australian regulator decision on uranium mine shortly

The company also said that ore from its Cigar Lake mine, in Canada's Saskatchewan, would not be milled until early 2015, instead by the end of the year.

Pilbara expansion boosts Rio Tinto iron ore output

Cecilia Jamasmie | July 16, 2014
Pilbara expansion boosts Rio Tinto iron ore output

The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.

Sirius delays application for $2.7bn potash mine in English national park

Cecilia Jamasmie | July 15, 2014
Sirius delays application for $2.7bn potash mine in English national park

According to the company, the mine will employ about 1,800 workers during construction and generate 1,000 permanent jobs once opened.

India may ask state-run miner to import coal

Jeffrey Richmond | July 14, 2014
India may ask state-run miner to import coal feat

Coal-based power plants struggling to meet demand.

Slow growth spoiling China’s appetite for coal

Cecilia Jamasmie | July 14, 2014
Slow growth spoiling China’s appetite for coal

In the first half of 2014, the country’s coal imports grew just 0.9%, compared with 13.3% a year earlier.

Cecilia Jamasmie

BHP sell-off could undo Billiton historic deal

Cecilia Jamasmie | July 13, 2014
BHP sell-off could undo Billiton historic deal

As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.

Gold smuggling into India hits record highs

Cecilia Jamasmie | July 11, 2014
Gold smuggling into India hits record highs

Officials estimate they have seized four times more gold in the first quarter of the current fiscal year (April to June) than in the same period last year.

Pilbara visit shows Japan vital to Aussie mining

Jeffrey Richmond | July 10, 2014
pilbara visit shows japan vital to future aussie mining feat

Follows signing of FTA seen as major opportunity for Australian miners.

JSW Steel raises iron ore imports to six mln tonnes in a year

Reuters | July 9, 2014

JSW Steel, led by billionaire Sajjan Jindal and India's third-largest maker of the alloy, will import 6 million tonnes of iron ore this fiscal year compared with no shipments a year earlier due to production cutbacks at home.

Mongolia blames Rio Tinto for delays at Oyu Tolgoi

Cecilia Jamasmie | July 9, 2014
Mongolia blames Rio Tinto for delays at Oyu Tolgoi

The move aims to shift blame for delays away from the government.

Freeport, Indonesia reach preliminary deal over copper exports

Cecilia Jamasmie | July 7, 2014
Freeport, Indonesia reach preliminary deal over copper exports

Newmont, instead, was called to return to the negotiation table or face the consequences.

India's coal power plants about to run out of stocks

Cecilia Jamasmie | July 7, 2014
India's coal power plants about to run out of stocks

Government said close to a half of the country's coal power plants only have enough stocks to last a week.

BHP hikes iron ore supply to oust China rivals

Jeffrey Richmond | July 4, 2014
bhp hikes iron ore supply to oust china rivals feat

Production ramp-up comes despite price plunge earlier this year.

Canadian oil sands economic impact highly overrated: poll

Cecilia Jamasmie | July 4, 2014
Canadian oil sands economic impact highly overrated: poll

A majority of Canadians overestimate the contribution the oil sands make to the world’s 11th largest economy, a study published Friday reveals.

Lynas heading for full rare earths ramp-up

Jeffrey Richmond | July 3, 2014
lynas heading for full rare earths ramp-up feat

Firm struggled to increase output due to problems at Malaysian plant.

Freeport-McMoran mulls selling one of largest copper mines in Chile

Cecilia Jamasmie | July 3, 2014
Freeport-McMoran mulls sale of one of largest copper mines in Chile

Sale of Candelaria mine could raise several billion dollars, according to people familiar with the matter quoted by WSJ.com.

Komatsu’s sales in China sinking faster than expected

Cecilia Jamasmie | July 3, 2014
Komatsu’s sales in China sinking faster than expected

Equipment sales in the Asian country are already 20% below expectations.

Mongolia approves major overhaul to mining law

Cecilia Jamasmie | July 2, 2014
Mongolia approves major overhaul to mining law

New law expands the proportion of Mongolia’s area available to mining and exploration from 8% to 20%, among other investor-friendly changes.

Iron ore price: It's all about grade now

Frik Els | June 30, 2014
Iron ore price: It's all about grade now

Domestic supply can't be cut much further and Chinese steelmakers are demanding deeper discounts for lower grade imports.

Singapore gold-price contract seen fueling demand

Jeffrey Richmond | June 27, 2014
singapore gold-price contract seen increasing metal's demand 2

Part of regional efforts to set new price standards.

Asia Resource Minerals chairman steps down after investor uprising

Cecilia Jamasmie | June 27, 2014
Asia Resource Minerals chairman steps down after investor uprising

The scandal-struck Indonesian coal miner formerly known as Bumi, did not re-elect Chris Walton at the annual shareholder meeting Friday.

More »