There’s a well-thumbed playbook for how deals involving gold mines in the remote jungles of Indonesia are meant to turn out.
Asia Mining News
Company confirmed is in talks to sell its stake in the world’s second largest copper mine to Indonesia’s Inalum.
Forecasted industry fundamentals point to an environment favoring higher diamond prices over a period of at least the next four years.
The international NGO in a report on Tuesday estimates the Taliban earns $2.5 million to $10 million a year from mining talc alone.
Rio Tinto has called for less interference at its giant copper and gold mine in Mongolia, as it moves forward with an underground expansion.
Libert’aime by Forevermark offers a diamond jewellery range that has been designed with a young, fashion-forward self-purchasing consumer in mind.
Chinese cobalt producers such as Jinchuan Group and Wanbao Mining said they were ramping up production to sate an anticipated demand boom from EVs.
The unit has been shut for more than 50 days.
ABB AbilityTM MineOptimize provides integrated process and power control and serves as the digital foundation for new production line.
An increase in self-purchase of diamond jewellery helped drive demand, representing 33% of total US diamond jewellery pieces acquired in 2017.
The miner is receiving an upfront cash payment of $155 million for AuRico Metals’ royalty portfolio and about $45 million payable in four tranches for Kemess's silver output.
The Farnese Blue diamond, which was passed down through European royal families for about 300 years, sold Tuesday for $1.4 million more than the maximum figure experts estimated it would fetch.
Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.
Conditions may be in place for increased demand and increased prices for a number of commodities including natural gas, copper, aluminum, and gold.
The big picture of power availability in India stresses the importance of urgent action.
India's rising coal imports are contributing to higher demand across Asia this year.
The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.
The writedowns are said to stem from Adani being forced to duplicate studies and redesign elements of the Carmichael project due to delays in regulatory approvals and ongoing legal challenges.
The alleged dumping margins ranged from 12.1 percent to 231.7 percent, and U.S. imports of the products from China in 2017 were estimated to total $388 million.
While there may be scope to be bullish on the short- to medium-term outlook for coal, the risk factors for the industry appear to be mounting.
Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.
North American gold-backed ETFs rose 43.7 tonnes worth $1.9 billion in April.
Gold orientated discovery company, Westhaven Ventures, is currently drilling a potentially high grade epithermal gold target in an underexplored gold belt.
Political uncertainty, including Brexit negotiations, along with ongoing tensions in the Middle East will remain gold’s key drivers.
The country's biggest tin miner PT Timah Tbk received a permit to ship 32,305 tonnes.