Asia

'Trapped' Chinese stock investors key to gold demand

Frik Els | July 28, 2015
Trapped Chinese stock market investors key to gold demand

With trading in half of all equities halted by Beijing even those Chinese investors wishing to seek a safe haven in gold cannot do so says new report.

Papua New Guinea’s Ok Tedi copper, gold mine halts production

Cecilia Jamasmie | July 28, 2015
Papua New Guinea’s Ok Tedi copper, gold mine halts production

The company is also slashing 30% of its foreign employees and 15% of the local workforce.

Oilprice.com

Saudis expand price war downstream

Oilprice.com | July 28, 2015
saudi_arabia_oil_map

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.

Indian miner to expand operations at Rio's former Mozambique coal assets

Cecilia Jamasmie | July 27, 2015
Indian miner to expand operations at Rio's former Mozambique coal assets

ICVL wants boost annual production at its Benga mine from 5.3 million tonnes to 13 million tonnes in the next five years.

The nickel price can only go up

Frik Els | July 26, 2015
The nickel price can only go up

This trailblazing company is ahead of the game in the fastest growing region in the world.

Can India come to gold's rescue?

Andrew Topf | July 26, 2015
India’s gold imports to restart next week

“The enquiries among the consumers, mostly women, are increasing."

Visual Capitalist

INFOGRAPHIC: The world economy in one visualization

Visual Capitalist | July 22, 2015

Today’s data visualization is the most simple breakdown of the world economy that we’ve seen.

Myanmar opens door for Australian mining industry

Yahoo! | July 22, 2015

A burst of $US3.6 billion ($A4.85 billion) invested in Myanmar's oil and gas sector in the past year is a green light for Australian companies involvement, Australian business representatives say.

Gold crash isn’t over — prices near five-year lows

Cecilia Jamasmie | July 21, 2015
Gold crash isn’t over — prices near five-year lows

The yellow metal was on the brink of five-year lows on Tuesday, with further losses expected in the coming months.

North Korea gains in China coal exports as Vietnam bows out

Bloomberg | July 20, 2015

North Korea was the only country to boost coal shipments to China this year as Vietnamese supply slumped.

Gold plummets to five-year low overnight

Cecilia Jamasmie | July 20, 2015
Gold plummets to five-year low overnight

As heavy selling in early Asian trading hours tossed over a billion dollars’ worth of the bullion on the market in just a few minutes.

India to create strategic uranium reserve

Andrew Topf | July 19, 2015
UK lets China to buy its nuclear power stations

Concerned about running out of nuclear fuel, India is creating a strategic uranium reserve to ensure that its atomic reactors can keep producing electricity without interruption.

Wall collapses at Philippine coal pit, killing 5 workers and leaving 4 missing, governor says

Associated Press | July 19, 2015

A wall in a vast coal pit collapsed in the central Philippines early Friday, killing five workers and leaving at least four others missing at a site where a similar deadly accident occurred two years ago, a governor said Friday.

The world’s highest grade gold mines

Vladimir Basov | July 16, 2015
World’s highest grade gold mines

Canadian mine takes top honours but Russia and USA dominate the rankings.

Gold imports dip in April-June: FinMin

The Hindu | July 14, 2015

The provisional data of the tax authorities showed a decline of around 8 per cent, and a 15 per cent decline in value terms.

Iran, World powers reach ‘historic’ nuclear deal

Cecilia Jamasmie | July 14, 2015
Iran, World powers reach ‘historic’ nuclear deal

The agreement ends decades of economic sanctions against Iran, and includes reductions in centrifuges, international inspections.

For Indians, paper gold can't beat the real thing

Reuters | July 13, 2015

India is meeting stiff resistance in its drive to make the buying of gold jewellery more transparent and to channel demand into paper gold to stop the metal being used to hide billions of dollars of undeclared 'black money'.

Iran permission to sell uranium, other nuclear products imminent — report

Cecilia Jamasmie | July 13, 2015
Iran permission to sell uranium, other nuclear products imminent — report

The potential agreement could resolve a 12-year dispute over Tehran's nuclear ambitions.

Anglo Asian shares soar on record gold production

Cecilia Jamasmie | July 13, 2015
Anglo Asian shares soar on record gold production

The miner increased production by 32.8% to 35,938 ounces between January and June at its flagship Gedabek mine.

China and Russia's evolving relationship

Stratfor | July 12, 2015

The Shanghai Cooperation Organization (SCO) concluded a two-day meeting July 10 in Ufa, Russia, just two days after the BRICS (Brazil, Russia, India, China and South Africa) summit in the same city.

Scientists, environmentalists call for freeze in deep sea mining permits

Cecilia Jamasmie | July 10, 2015
scientists-call-for-freeze-in-deep-sea-mining-permits - 400

A group of scientists is asking international authorities to temporarily halt the approval of new underwater mining contracts until further environmental controls are put in place.

Why chaos on markets isn't moving the gold price

Frik Els | July 8, 2015
Finally, explanations why gold price isn't moving

Safe haven no more? Or how to "portray what is evidently a financial and economic crisis as nothing to be concerned about"?

UN Human Rights unit roasts Canada over mining, aboriginal treatment

Cecilia Jamasmie | July 8, 2015
UN Human Rights unit roasts Canada over mining, aboriginal treatment

The human rights committee is currently meeting in Geneva, Switzerland, ahead of finalizing its report and is hearing from Canadian non-government groups, including Amnesty, and from the federal government.

These are the top business risks mining and metals firms face

Cecilia Jamasmie | July 7, 2015
These are the top business risks mining and metals firms face

Getting — and keeping — a social license to operate, as well as resource nationalism, remain among the top five business risks for the industry.

Aussie state change to mining rules could block planned projects — industry

Cecilia Jamasmie | July 7, 2015
Aussie state change to mining rules could block planned projects — industry

But New South Wales says the proposed amendment would give social and environmental issues equal standing with the economic in decision making.

Mongolia to sell stake in its giant Tavan Tolgoi coal mine

Cecilia Jamasmie | July 6, 2015
Mongolia to sell stake in its giant Tavan Tolgoi coal mine

The move is part of a plan to sell the government's holdings in 10 state-owned companies over this year and next to boost foreign investment and revive growth.

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