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Asia Mining News
Beijing's already cut coal miners working hours by 16% and plans to eliminate 500 million tonnes of coal capacity within just 3–5 years.
The company is yet to receive an approval of its Kumtor’s 2016 mine plan, which it requires to continue operating the mine beyond June 30.
Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.
Andrew Harding, once tipped as the most likely person to take the company’s reins, is being replaced by Chris Salisbury, currently leading the copper and coal division.
The global rare earth market is expected to grow from the $1.4 billion it was worth back in 2010 to $4.1 billion by 2017.
New report shows China extracted nearly one fifth of its gold reserves last year – the global gold production to reserve ratio is only 3.8%.
The company's Bayan Khundii project went from greenfield prospect to the company’s flagship asset in roughly nine months.
President Almazbek Atambayev has ordered state prosecutors to review the legality of agreements signed with the company in 2003-2004 and 2009.
Wood Mackenzie expects to see further cuts throughout the year and investment levels continue to shrink as more projects are dropped and companies struggle to breakeven.
A lithium miner joins top ranks of listed mining firms for the first time as the price of the battery ingredient skyrockets.
Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.
The mining giant is said to have hired Goldman Sachs as an adviser to look at a two-step wrap-up of the Vancouver-based firm.
First time a country partners with privates to boost the development of the industry.
"The long-term market where normally about 150–160m pounds were traded each year – in the last three or four years it’s been about a one third of that."
Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. said to be among potential bidders.
Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.
For private capital mining and metals is the riskiest natural resources sector – but only energy beats the returns.
The country lost at least $27.5 million in revenue from lapis lazuli between 2014 and 2015. In contrast, armed groups earned about $20 million just in 2014.
World Bank revises down growth rate for commodity exporting countries to just 0.4%, predicts 15% decline in metal prices this year.
Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.
Hatch is further strengthening its services and capabilities in the oil and gas sector to pursue new opportunities for growth in the Australia–Asia region.
An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.
Toronto-based Centerra says new criminal probe of managers at its giant gold mine bars expats from leaving the Central Asian country.
Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.