Asia Mining News

Chinese coal companies to boost thermal coal output to placate steel mills 

Cranking up production is actually the opposite of what Beijing wants to do for Chinese coal.

Large lead, zinc deposit found in Xinjiang

A large lead and zinc deposit, allegedly China's largest, has been discovered in northwest China's Xinjiang Uygur Autonomous Region, local authorities announced on Sunday.

Caterpillar sees green shoots in mining, but sales far from picking up

The equipment maker is currently spending most of its R&D budget in its digital area, which aims to help miners reduce the amount of machinery needed at operations.

Nickel ore ban in sight in Philippines: Analyst

Duterte's government has also ordered a stop to small-scale mining operations working outside the country's mining co-operatives system, a decision that touches gold miners.

No end to uranium price plunge

"Some producers need to move material for cash flow purposes and we have seen some pretty aggressive selling in the past few weeks."

Gold: Top explored commodity

The Canada-U.S. region accounted for 39% of all significant gold results announced between July 1 and Sept. 8, 2015.

Canada-US gold mining revenues fall behind

Asia-Pacific, Africa top tables with revenues of $20 billion and $16 billon annually.

Africa gold reserves now worth $1.5 TRILLION

In situ gold reported by explorers and mining companies active on the continent.

Investigation reveals gold mining destruction in Myanmar

RFA says 18% of the Kachin state in northern Myanmar is being mined for gold on a large scale.

Tin use stable to slightly stronger by year-end, ITRI Survey shows

ITRI’s twelfth annual survey of tin users gathered data from tin users worldwide between June and August 2016.

Gold's bull market just starting: Analysts

Robert McEwen says the metal could trade in a range of $1,700 an ounce to $1,900 by the end of the year.

Northern Gateway will not appeal Federal Court of Appeal decision that reversed project approval

Natural Resources Minister Jim Carr has until Thursday to make a decision.

In India’s bazaars, old gold is the new black

With prices sky high, Indians are selling off old jewelry—and it’s taking the shine off gold imports.

Peninsula assays high grade zinc-silver-lead in South Korea

Rock chip assays show grades of up to 25.6% zinc, 669 g/t silver and 19.1% lead.

Komatsu introduces the 980E-4 mining haul truck

The 980E-4 offers electric truck pedigree, one of the largest payloads available, and an answer to market demand for 400-ton trucks

Space mining absolutely viable — NASA expert

The main challenge for mining near-Earth celestial bodies is neither technology nor cost, but simply “convincing people it is realistic,” says Dr. Phil Metzger.

Panic buying sees coking coal price jump 20% in a week

Parabolic rise to hit $180 a tonne on Friday prompts talk of a bubble in steelmaking coal market.

Chinese deal gives fresh boost to thermal coal price

Under the new plan, Chinese miners will cut or boost output to keep coal prices within a desired range.

NASA’s latest mission may tell us whether asteroid mining is really a go

OSIRIS-REx will collect samples from an asteroid and return them to Earth, in what it could be a pivotal step for firms currently planning to tap into the space mining business.

Rare earths: Battling China’s monopoly after Molycorp’s demise?

Will China’s 95% control of the global rare earths market remain unchallenged?

Mongolia readies to revive its giant Tavan Tolgoi coal mine

Erdenes Tavan Tolgoi (ETT), the state-owned company that holds the license to the deposit, has already begun evaluating bids and calculating the potential economic benefits of restarting it.

Gregor Gregersen: Singapore is an oasis of security and stability for storing bullion

They have low taxes and a stable economy- having had budget surpluses in the last 25 years for all but two years. The country’s wealth has been built on innovation and attracting foreign companies.

US, China climate pact devastating for coal price

New study forecasts global thermal coal trade to shrink by 373 million tonnes per year, leading to minimum 30% fall in coal prices post 2020.

China cargoes keep copper price positive

For the first eight months copper concentrate imports are up 35% at nearly 11 million tonnes.

Tasmania govt wants to restart Australia's oldest mine

In commercial production since 1896, the Mount Lyell copper and gold mine on Tasmania's west coast was put on care and maintenance two years ago.