Asia

Sliding Chinese currency takes blame for gold price weakness

Frik Els | April 18, 2014
Sliding Chinese currency could be behind gold price weakness

Some 1,000 tonnes of gold have been used in highly complex and lucrative deals designed to skirt Chinese capital controls. Deals that are now being unwound.

We have to talk about Fanya Metal Exchange

Frik Els | April 18, 2014
We have to talk about Fanya

The rare earth storm has passed, but a new critical metal conundrum could be ahead for the West.

Despite talk, there's little chance India will ease gold curbs

Frik Els | April 17, 2014
Despite talk, there's little chance India will ease gold curbs

India's largest gold refiner says freeing up the gold import business is simply not going to happen because of economic realities.

China, Japan and ‘mystery local billionaire’ potential developers of Oakajee project

Cecilia Jamasmie | April 17, 2014
China, Japan and ‘mistery local billionaire’ potential developers of Oakajee project

While the WA government is favours Chinese capitals, Australian junior Padbury Mining says it has secured $6.5 billion to take over the project, but refuses to reveal backer's name.

INFOGRAPHIC: Gold price – a seismograph of supply and demand

TRUSTABLE GOLD.com | April 16, 2014
gold-infographic-333

What drives the price development in the long run?

Australia to begin exporting uranium to the Middle East

Cecilia Jamasmie | April 16, 2014
Australia to begin exporting uranium to the Middle East

The deal, signed in 2012, could see Aussie miners exporting up to 800 tonnes of yellow cake a year to the Middle East by the end of the decade.

Brazil’s iron miners risk losing market share to Australian competitors

Cecilia Jamasmie | April 16, 2014
Brazil’s iron miners risk losing market share to Australian competitors

Brazil's mining sector is expected to see slower average growth rates through 2018 compared with previous years, a report by Business Monitor shows.

Turquoise Hill buys time for Oyu Tolgoi expansion

Frik Els | April 15, 2014
Turquoise Hill buys time for Oyu Tolgoi expansion

But production at massive Mongolian mine slips and shares take a beating.

Cecilia Jamasmie

Rio Tinto iron ore output hit by bad weather in Australia, Canada

Cecilia Jamasmie | April 15, 2014
Rio Tinto iron ore output hit by bad weather in Australia, Canada

Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.

Iran claims right to enrich uranium to 90% level

Cecilia Jamasmie | April 14, 2014
Iran claims right to enrich uranium to 90% level

The nation's nuclear chief also said Teheran plans to build four new nuclear plants with the help of Russia.

UPDATE: The Ore Wars after the Flash Crash

Frik Els | April 13, 2014
UPDATE: The Ore Wars after the Flash Crash

The 8% one-day drop in the iron ore price in March was the result of a new dynamic in the market: panicked selling by traders using ore as loan collateral.

Iran said to be exporting more oil than allowed

Cecilia Jamasmie | April 11, 2014
Iran said to be exporting more oil than allowed

February’s levels were the highest since the West slapped sanctions on Tehran in June last year, says the International Energy Agency (IEA).

Copper, iron ore imports defy China weakness

Frik Els | April 10, 2014
Copper, iron ore imports defy China weakness

China's iron ore imports jump 21% to 74 million tonnes while copper imports surge 31%.

Canada invites Coal India to explore mining opportunities

The Hindu | April 10, 2014

Canada invited this week Coal India ltd., the world’s largest coal miner to explore mining opportunities in the country.

Maritime piracy shifts to Atlantic, Southeast Asia

Frik Els | April 10, 2014
Maritime piracy shifts to Atlantic, Southeast Asia

Of the 70 pirate attacks so far this year, 53 have been in the waters off Southeast Asia and West Africa and some 50 crew remain in captivity.

Study: Copper surplus likely to push price down to $2.75 a pound

Frik Els | April 8, 2014
Study: Copper surplus likely to push price down to $2.75 a pound

The closely-watched Thomson Reuters GFMS annual copper survey paints a grim picture for the copper price in 2014 and beyond.

Iron ore price tracks higher as Chinese finance deals unravel

Frik Els | April 8, 2014
Iron ore price recovery continues as Chinese finance deals unravel

Iron ore is up 12% from lows sparked by panicked selling from Chinese traders and mills using stockpiles for trade credit.

BHP wants to build world’s largest underground coal mine

Cecilia Jamasmie | April 8, 2014
BHP wants to build world’s largest underground coal mine

But it is planning to do so at the fertile Liverpool Plains, an extensive agricultural area, which is predictably raising opposition from locals.

Mining, oil and gas companies, at highest risk of cyber-attacks: report

Cecilia Jamasmie | April 8, 2014
Mining, oil and gas companies, at highest risk of cyber-attacks: report

Personal assistants at large mining companies and PR people were the most targeted by online criminals.

Frank Holmes - U.S. Global Investors

What’s abuzz about gold?

The mission of the Asia Mining Club is to promote education among its members, and one way to achieve this is by hearing from experts in the financial markets, notably those focused on resources and commodities.

INFOGRAPHIC: Where in the world is the gold?

Physical Gold | April 7, 2014
physical-gold-mines (2)

The top 10 producing gold mines in the world, from the gold capital Johannesburg to gold filled islands like Niolam Island.

Rio Tinto to propose new plan after losing court battle over mine expansion

Cecilia Jamasmie | April 7, 2014
Rio Tinto to propose new plan after losing court battle over mine expansion

While Rio plans to submit a revised plan to keep its Warkworth mine viable, opponents vow to fight any new proposal.

Watch a 631-foot containership run aground

Michael Allan McCrae | April 6, 2014
container ship hong kong

Almost on the soccer pitch.

It’s in his (political) genes

Hard hat Japan mining

The real risk it that the consumption tax will exacerbate the central problem with Abenomics

Frank Holmes - U.S. Global Investors

Four areas revved up for a resource boom

revved up mining

A diversified selection of commodity stocks is key.

Canpotex sells potash to India at 7-year low price

Frik Els | April 4, 2014
Canpotex sells potash to India at 7-year low price

The price of the soil nutrient is down 25% in a year.

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