Asia Mining News

Ownership of Panguna copper-gold mine triggers fresh dispute

Conflict comes as Rio Tinto donated its majority stake in the operation to both Papua New Guinea and the Autonomous Region of Bougainville last month.

Mongolia wants Rio to speed up Oyu Tolgoi expansion

Once the underground expansion is completed Ouy Tolgoi would become one of the three largest copper mines in the world.

Equal opportunity distribution through asset financing in mining equipment market

Between lessor and lessee in the growing mining equipment market, an asset manager acts as the lynchpin.

Foreign miners pull up stakes in Indonesia

Newmont Mining’s exit after more than 30 years illustrates mining companies’ growing difficulties there.

World's largest gold mine could come under threat

Brutal regime earns $3.5bn/year from Muruntau and septuagenarian Uzbek dictator's hospitalization raises fears of power vacuum, influx of radical Islam.

India to seek $15 billion of investment to double mining output

India expects to woo 1 trillion rupees ($15 billion) of investment over five years to double mining output and cut mineral imports.

Higher gold price will add 10m annual ounces by 2020

The world is far from reaching peak gold – miners are making the most of a rising gold price to bring giant projects on stream before the end of the decade.

Mining has nothing to fear from Fed rate hikes

Study shows commodities have been the best performing asset class during Fed rating hike cycles since 1983 with average returns for industrial metals 44%

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

Erdene provides update on gold projects in Mongolia

Canada’s Erdene Resource is one of the very few miners to have never encountered issues in the East Asian nation.

Rio Tinto walks away from India Bunder diamond project

The project, discovered in 2004, was expected to generate about 30,000 jobs and produce up to 3 million carats a year.

Growth in Chinese thermal coal imports won't last

Surprise spike in imports this year is not a trend says new report.

Adani $12 billion Carmichael coal project clears latest hurdle

A federal court dismissed challenge from a traditional owner to mining permits for the mine.

Moody’s has just called the bottom of the commodities rout

The worst is over, at least for base metals, says Moody's, but warns that challenging industry conditions should continue through to at least 2018.

If you own no gold, you may want to buy some — Jeffrey Nichols

Nichols, a senior economic advisor to precious metals asset firm Rosland Capital, is on board of the bull wagon — he expects the metal price to rise before Jan 1. 2017.

Earth Alive signs exclusive multi-year distribution agreement with Brenntag Canada for its EA1 microbial technology

EA1 is a 100% organic and biodegradable product that uses the latest advances in microbial technology to control soil born dust emanations.

Productivity the priority for BMA’s future suppliers

At a sold-out Moranbah luncheon last week, Bowen Basin Mining Club members were offered a timely insight into BHP Billiton’s global focus on production efficiencies and changing supply management practices.

India to tap into Russia’s undeveloped coal, iron ore deposits

Cooperation agreements between the nations would guarantee India fresh supply of Russian coal, liquefied natural gas (LNG), diamonds and fertilizers.

Four China charts to turn you into a mining bull

And one that's ultra-bearish.

World’s No. 1 miner BHP Billiton posts $6.4bn annual loss — its worst-ever

Not even counting the $7.7 billion in write-downs and charges, BHP’s underlying profit dropped by a painful 81% to $1.2 billion for the year to June.

$60 iron ore price see Australia, Brazil lose market share

Report shows higher ore prices have encouraged the likes of Iran, Russia and Mongolia to increase shipments to China at faster pace than dominant players.

This chart shows how tough mining conditions still are

Glencore's will continue to curtail production in zinc, copper and other metals – it's clear why.

CHARTS: Maybe India can ignite new commodity supercycle

Rapid, large-scale urbanization will see India's top three cities rival the combined economies of Vietnam, Philippines and Malaysia.

Cave explorers check South Korean gold mine

Australian gold miner, Southern Gold Ltd (“Southern Gold”), advises that the novel use of cave explorers has been employed to initiate exploration on a second gold- silver project in South Korea, Weolyu South, located about 150km southeast of the capital Seoul.

Japan Canada Oil Sands to keep Hangingstone project offline until further notice

The project, one of Canada’s oldest, will remain closed until benchmark oil prices rise above US$50 per barrel.