Asia Mining News

China dumped steel wheels on U.S. market — Commerce Dept

U.S. imports of steel wheels from China were valued at $388 million in 2017.

Philippines' Philex delays copper-gold mine start by four years

The Silangan copper and gold mine could be Philex's biggest source of revenue after its 61-year-old Padcal mine in the north is expected to close in 2022.

Philippine nickel producer DMCI sees tough year with mine shut, inventory declining

DMCI's mines were among those ordered shut in 2016 when the government launched an industry-wide crackdown on miners.

Silver demand in India set for 4-year high on farm cash payout

Silver prices in India have been relatively stable for the last two years, and are about half their 2011 peak.

Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall

Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal.

Kyrgyz and Turkish miners join forces to develop gold projects in Central Asia

Kyrgyz gold producer Chaarat and Turkish mining and mine construction contractor Çiftay want to collaborate on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.

Rio Tinto rejects push by activist shareholders to reveal emission targets

Miner has hit back at a push to make it more accountable for carbon emissions produced by its customers, including Chinese steel makers.

Global Exploration Snapshot: The Americas, West Africa and Australasia remain popular

A look at eight majors and juniors exploring for gold worldwide.

Turquoise Hill's 2018 financial results report 250% income jump over 2017

Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017.

New controversy engulfs London Metal Exchange's warehouses

Glencore has lodged a complaint with the LME for an ongoing dispute with the warehouse operator at Port Klang, Malaysia.

Mining's dirty secret faces a climate reckoning

Producing a single metric ton of steel in a blast furnace typically releases around 2.3 tons of carbon dioxide, not much less than you’d get from burning a ton of thermal coal for energy.

Six foreign-controlled miners to start divestments in 'near future' – Indonesia

Foreign-controlled miners are required to gradually start reducing ownership after five years of production.

Malaysia puts bauxite mining ban on hold until impact studies completed

Miners wishing to resume operations or start new ones must conduct a study on the environmental impact of their activities before receiving licences.

Pakistan military eyes key role developing giant copper and gold mine

Developing of one of the world's biggest untapped copper and gold deposits is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms.

Homecoming costs tycoon $7B in year of legal drama

ArcelorMittal is finally nearing the end of a yearlong battle to break into India with the $5.9 billion acquisition of Essar Steel India Ltd.

Indonesia's Antam 2018 profit surges on robust nickel sales

Indonesian state miner PT Aneka Tambang (Antam) targets to start operation of its ferronickel smelter in East Halmahera in the second half of this year.

Japan's Sojitz to sell stake in Indonesia's thermal coal mine

The deal reflects the company's effort to rebalance its coal assets, shifting away from thermal coal investment and focusing more on coking coal.

Should we rethink nuclear power?

Nuclear may actually be the safest form of power production that we have.

Indonesia issues copper concentrate export recommendation for Freeport, Amman Mineral

Freeport was given an allowance of 198,282 wet tonnes of copper concentrate, while Amman was given 336,100 wet tonnes.

Aussie state wants to attract more women to the mining workforce

The emphasis is on getting more women at senior levels.

Glencore Asia hires ex-Goldman Sachs oil trader for derivatives desk

Glencore has hired Daniel Liu, a former Singapore-based trading manager at Goldman Sachs, to join its derivatives desk in Singapore.

Indonesia lowers coal benchmark price for 7th month in March

The decline in the March benchmark was due to low demand in China.

Chinese steel mills delay iron ore restocking, eye cheaper alternatives

Mills are also avoiding major suppliers like Vale, Rio Tinto, BHP Group and Fortescue Metals.

Asia Gold-India demand picks up as prices dip; buyers eye further correction

Gold priced in yen rose to its highest level in more than a year last week.

Lynas auditors flag 'material risk’ for the rare earths miner over Malaysia conditions

Ernst & Young report raises concerns about the company’s future due to Malaysia’s order to remove its radioactive waste by September.