Asia Mining News

Gemfields Unveils: Ruby Inspired Stories

Gemfields is proud to unveil ‘Ruby Inspired Stories’, a triptych of films featuring up-and-coming global female talent, each exploring the hidden meaning behind these captivating gemstones.

China's nuclear war on coal

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.

Centerra Gold to keep Kumtor mine open as Kyrgyzstan hands key permits

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.

The world's 50 most valuable mining companies

Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.

Rio Tinto to boot iron ore chief in fresh management shake-up

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.

Rare earths prices rise as China builds reserves, tackles illegal mining

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.

China's exhausting its gold reserves at 5 times the global rate

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%.

Canada’s Erdene Resource sees bright future after striking gold in Mongolia

The company's Bayan Khundii project went from greenfield prospect to the company’s flagship asset in roughly nine months.

Kyrgyzstan ratchets up dispute against Canada’s Centerra Gold

President Almazbek Atambayev has ordered state prosecutors to review the legality of agreements signed with the company in 2003-2004 and 2009.

Global upstream investment slashed by US$1 trillion since the oil price drop

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.

These are the world's 40 biggest mining companies

A lithium miner joins top ranks of listed mining firms for the first time as the price of the battery ingredient skyrockets.

Glencore: Massive investment in coal mines needed

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.

Turquoise Hill soars on Rio Tinto increasing stake rumours

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.

Luxembourg invests heavily in space mining

First time a country partners with privates to boost the development of the industry.

Cameco CEO Tim Gitzel on uranium market transformation

"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."

Chinese miners eye Glencore’s Kazakh gold operation

Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. said to be among potential bidders.

Australia recovers lost ground, named world’s top mining investment destination

Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.

Study of private investors shows how risky mining can be

For private capital mining and metals is the riskiest natural resources sector – but only energy beats the returns.

Afghanistan deploys security forces in large illegal mining crackdown

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.

2016 metals, mining outlook darkens

World Bank revises down growth rate for commodity exporting countries to just 0.4%, predicts 15% decline in metal prices this year.

Top miners squandered $200 billion during boom

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 positions for growth in Oil and Gas sector in Australia–Asia

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.

US government expected to green-light first private Moon mission

An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.

Kyrgyz Rep. ratchets up dispute against Canadian gold miner

Toronto-based Centerra says new criminal probe of managers at its giant gold mine bars expats from leaving the Central Asian country.

Commodities storming back into bull market

Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.