Asia

This is what the CAT 336F L XE hybrid excavator looks like

MINING.com Editor | May 21, 2015
This is what the CAT 336F L XE hybrid excavator looks like

It has a “smart” pump, boom works faster, and burns less fuel.

Australia ditches iron ore probe after lobby, China-Brazil supply deal

Cecilia Jamasmie | May 21, 2015
Australia ditches iron ore probe after lobby, China-Brazil supply deal

The China-Brazil deal means that in just three years Vale will be producing more than BHP Billiton and Rio Tinto combined.

Australian miners warned not to ignore ties between Latin America, Asia

Field Public Relations | May 20, 2015
australian-miners-warned-not-to-ignore-latin-america-asia

The increasing engagement of Latin America with Asia may potentially be at the expense of Australia’s traditional sense of right to be a major Asian player, expert says.

Mitsui mulls expanding into food, drugs sectors to offset profit drop

Cecilia Jamasmie | May 20, 2015
Mitsui mulls expanding into food, drugs sector to offset profit drop

The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.

Iron ore is not in oversupply

Frik Els | May 19, 2015
Iron ore is not in oversupply

Only lower grade fines are oversupplied shows new research report.

India’s higher potash import price threatens volumes

Mining Weekly | May 19, 2015

Having failed in a bid to avoid a price hike in the first two potash import deals for the financial year, fertilizer producers in India expected inward shipments of fertiliser minerals to drop during 2015/16.

Global gold, copper, iron ore output down in Q1 — report

Cecilia Jamasmie | May 19, 2015
Global gold, copper, iron ore output down in Q1 — report

Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.

BHP chief says inquiry into Aussie iron ore market a ‘ridiculous waste’

Cecilia Jamasmie | May 19, 2015
BHP chief says inquiry into Aussie iron ore market a ‘ridiculous waste’

Andrew Mackenzie also warned the proposed would damage the Australia’s economy and shift investment to main foreign competitor Brazil.

Turquoise Hill rockets on Oyu Tolgoi funding deal

Frik Els | May 18, 2015
Turquoise Hill rockets on Oyu Tolgoi funding deal

Shares in Vancouver firm up 12% after parent Rio Tinto and Mongolia sign landmark deal to fund $5 billion underground expansion of giant copper-gold mine.

India's physical gold demand likely to remain subdued in near term: Barclays

Platts | May 18, 2015

Looking at current trends Barclays analysis suggests that India's physical gold demand is likely to be subdued going forward, unless there's a correction in local prices, the bank said Monday.

Rio said to sell $1B worth of aluminum assets

Andrew Topf | May 17, 2015
aluminum smelter 600x400

Rio Tinto (ASX:RIO) is reportedly selling its Pacific Aluminum business – a group of smelters in Australia and New Zealand – in a deal potentially valued at $1 billion.

Australia’s Prime Minister Abbott backs iron ore probe into BHP, Rio

Cecilia Jamasmie | May 15, 2015
Australia’s Prime Minister Abbott backs iron ore probe into BHP, Rio

Inquiry comes amid claims the mining giants are driving prices down, severely damaging the country's economy .

Nautilus Minerals named to 2015 OTCQX Best 50

Nautilus Minerals Inc. | May 14, 2015

Nautilus Minerals Inc. is pleased to announce it has been named to the 2015 OTCQX® Best 50, a ranking of 50 top performing companies traded on the OTCQX Best Marketplace last year.

Copper prices struggle on demand fears

SNL Energy | May 14, 2015
copper feat fin

Demand fears continue to restrict the extent of upside moves, whilst supply disruptions at the mine level have more recently provided a floor to prices following the early-year sell-off.

Global gold demand drops 1% in Q1, but investments jump — report

Cecilia Jamasmie | May 13, 2015
Global gold demand drops 1% in Q1, but investments jump — report

Once again Asia drove demand, with China and India alone accounting for 54% of the total.

Cecilia Jamasmie

Copper, nickel prices likely to be hit by El Niño event

Cecilia Jamasmie | May 13, 2015
Copper, nickel prices likely to be hit by El Niño event

The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.

Glencore CEO says rivals pushing mining sector into confidence crisis

Cecilia Jamasmie | May 12, 2015
Glencore CEO says rivals pushing mining sector into confidence crisis

Ivan Glasenberg has once again slammed his competitors, who he accuses of damaging the credibility of the mining industry.

This is how BHP plans to be the world’s lowest-cost iron ore miner

Cecilia Jamasmie | May 12, 2015
This is how BHP plans to be the world’s lowest-cost iron ore miner

CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.

Spot uranium price ignores fundamentals

Irina Dorokhova - Kursiv | May 12, 2015
Uranium: China’s chase

The main reason for price correction may not be the growing demand but the producers’ inability to meet the consumers’ price expectations.

Chris Mancini's high-quality gold miners that have positioned themselves well in the downturn

The Gold Report | May 11, 2015
gold statuettes

Mancini advises investors to go for the best of the best: gold miners with cash flow, great balance sheets, low costs and good management.

Iron ore price rally gains steam

Frik Els | May 11, 2015
Iron ore price rally gains steam

Chinese import prices surge more than 3% to 10-week high after Beijing's surprise rate cut boosts industry prospects.

It’s war! Fortescue boss calls Australians to oppose BHP, Rio iron ore plans

Cecilia Jamasmie | May 11, 2015
It’s war! Fortescue boss calls Australians to oppose BHP, Rio iron ore plans

Forrest is blaming BHP and Rio for a fall in the price of iron ore as the pair continue to ramp up production.

Indian people hold 20,000 tonnes of gold

Andrew Topf | May 10, 2015
India gold

It may come as little surprise to those who understand the "fear trade" and the "love trade" in gold, as Frank Holmes of US Global Investors likes to say.

Asia’s $800 billion nuclear splurge to unlock uranium motherlode

Bloomberg | May 9, 2015

A nuclear-power boom in Asia that’s set to drive up uranium prices is triggering a resurgence in mining in Australia, home to the world’s largest reserves.

Copper, iron ore prices hold up despite China trade shock

Frik Els | May 8, 2015
Copper, iron ore prices hold up despite Chinese trade shock

Overall Chinese imports plummeted 16% in April as coal enters free-fall, but iron ore's decline was modest and copper shipments jumped 5%.

Forget Uranium. Real reason behind PM Modi’s Mongolia visit is China

First Post | May 8, 2015

India's Prime Minister Narendra Modi has made a master move in deciding to undertake an official visit to Mongolia this week.

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