Asia

Polish miner KGHM begins production at massive copper mine in Chile

Cecilia Jamasmie | October 1, 2014
Polish miner KGHM begins production at massive cooper mine in Chile

In the official opening the firm said it expected to start shipping from Sierra Gorda in November

Japanese trader offloads $1 billion Canadian coal mine for $1

Globe and Mail | October 1, 2014

Marubeni Corp., a Japanese trader that with a partner bought Canada’s Grande Cache Coal Corp. for about $1-billion (U.S.) three years ago, will dispose it for a nominal $1 to a Hong Kong mining investor.

Kal Kotecha: going against the grain in five names

The Gold Report | September 30, 2014
US energy boom jeopardized, larger shale oilfields found

Economics professor and newsletter writer Kal Kotecha says to obtain superior results, you cannot do what everyone else is doing.

Avalanche kills Centerra Gold’s Kumtor mine worker

Cecilia Jamasmie | September 30, 2014
Avalanche kills Centerra Gold’s Kumtor mine worker

Another person in serious conditions.

Rio Tinto, Glencore could save $500m by joining coal businesses

Cecilia Jamasmie | September 30, 2014
Rio Tinto, Glencore could save $500m by joining coal businesses

It would also create a a 15-kilometre long ‘‘super pit’’ from the union of Rio’s Mount Thorley Warkworth and Glencore’s Bulga open-pit mines.

UK authorities to review bid for $2.7bn potash project in national park

Cecilia Jamasmie | September 30, 2014
UK authorities to review bid for $2.7bn potash project in national park

Analysts say this is “make or break” time for the company behind the massive mine, Sirius Minerals.

Newmont ships first copper from Indonesia in eight months

Cecilia Jamasmie | September 30, 2014
Newmont ships first copper from Indonesia in eight months

30,000 tonnes of copper concentrate were sent out Monday.

London Metal Exchange raises fees by a third

Cecilia Jamasmie | September 30, 2014
London Metal Exchange raises fees by a third

This is the first fee hike since Hong Kong Exchanges & Clearing Ltd. acquired LME for $2.2 billion in 2012.

India’s biggest underground coal mine opens next month

Cecilia Jamasmie | September 29, 2014
India’s biggest underground coal mine opens next month

With an annual capacity of 2.8 million tonnes the mine is expected to help feed the country’s starved power stations.

China to impose revamped coal tax in December

Cecilia Jamasmie | September 29, 2014
China to impose revamped coal tax in December

The new resource expected to encourage a more efficient use of coal, which has been blamed for the nation's severe air pollution troubles.

Vale and Sumitomo have decided to close their Isaac Plains coalmine in Queenslands Bowen Basin

Sydney Morning Herald | September 29, 2014

The Australian coal sector continues to contract sharply, with hundreds of workers at another Queensland mine set to be told of imminent job losses on Tuesday morning.

Singapore kilobar gold trading to debut mid-Oct

Cecilia Jamasmie | September 29, 2014
Singapore kilobar gold trading to debut mid-Oct

Moves seeks to establish Singapore as centre for precious metals after the government removed 7% goods and services tax on investment-grade gold, silver and platinum in October 2012.

Open-pit mining suspended after four killed at Freeport Indonesia's copper mine

Reuters | September 28, 2014

Freeport-McMoRan Inc temporarily suspended open-pit mining at its Indonesian mine on Saturday, a company statement said, after four people died in an accident at one of the world's biggest copper mines.

Rio Tinto-Mongolia deal on Oyu Tolgoi expansion 'days away'

Frik Els | September 26, 2014
Oyu Tolgoi’s first international copper, gold shipment on its way to China

We've heard this before.

World Gold Council bullish on demand, ETFs role

Cecilia Jamasmie | September 26, 2014
World Gold Council bullish on demand, ETFs role in the market

Industry body sees demand rising as economic growth lifts consumers’ incomes.

Gold smuggling into India hits new record highs

Cecilia Jamasmie | September 26, 2014
Gold smuggling into India hits new record highs

About 50 tonnes of the precious metal reportedly made it into the country only in the past 10 days.

India’s top court cancels over 200 coal licences

Cecilia Jamasmie | September 24, 2014
India’s top court cancels over 200 coal licences

It only spared four of the licences granted since 1993.

Canada's oil sands to remain unhurt by falling crude prices

Cecilia Jamasmie | September 23, 2014
Canada's oil sands to remain unhurt by falling crude prices

Producers’ limited export pipeline capacity coupled with the end of the U.S. summer driving season has tend to lead to oil surpluses, sending prices down. .. Not this year.

Sneaking it anyway: When it`s taboo to buy gold in India

Mineweb | September 23, 2014

Pitru Paksha is upon us, a time when it is considered bad form to make deals of any sort. But times are changing.

BHP-Mitsubishi axing 700 coal mining jobs

Cecilia Jamasmie | September 23, 2014
BHP-Mitsubishi axing 700 coal mining jobs

Companies said over-staffing in the current environment was threatening the viability of their Australian operations.

Newmont gets permit to restart Indonesia copper exports this week

Cecilia Jamasmie | September 22, 2014
Newmont gets permit to restart Indonesia copper exports this week

The announcement marks the end of a long-dragged dispute between the Colorado-based miner and Southeast Asian nation.

What will Ivan buy next? Take 2

Frik Els | September 18, 2014
What will Ivan buy next? Take 2

"All that's required is to hand the world’s best mining assets to the world’s best management."

Iron ore rally turning into dead cat bounce

Frik Els | September 16, 2014
Iron ore rally turning into dead cat bounce

After 4% surge on Monday, benchmark prices resume slide.

Visual Capitalist

INFOGRAPHIC: Visualizing the changing landscape in nuclear power

Visual Capitalist | September 16, 2014
France nuclear power

In this visualization, every nuclear reactor in the world is shown and broken down by country and life of plant. This includes construction, commercial power generation, and decommissioning of the reactor.

Turquoise Hill tax break revives Oyu Tolgoi expansion

Frik Els | September 16, 2014
Turquoise Hill tax break revives Oyu Tolgoi expansion

Work on feasibility study for $6bn underground expansion of massive Mongolian copper-gold mine can resume after confirmation tax dispute is settled for $100m less.

Threat of downturn worries Canadian companies in China

Business in Vancouver | September 15, 2014

Economic slowdown, theft of intellectual property rights are among firms’ top concerns, Asia Pacific Foundation survey reveals

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