Asia

Kazakhstan to remain top of uranium heap for next decade: Kazatomprom

Andrew Topf | August 30, 2015
kazakhstan map

The state-owned entity says it will preserve its leading position as extractor of natural uranium, by developing existing mines, building new ones and introducing technologies to lower the costs of uranium extraction.

Dubai's DMCC, Borsa Istanbul sign MoU to improve bullion trade

Platts | September 1, 2015

The Dubai Multi Commodities Centre and Borsa Istanbul have signed a memorandum of understanding to enhance bilateral relations, specifically linked to the trade of bullion, they said in a joint statement Tuesday

Indonesian mining – attractive, not always easy

Project Monitor | August 28, 2015

The Tujuh Bukit project reflects both the attractions and difficulties facing foreign companies working in Indonesia's mining sector.

Indian gold demand to see four-year high in 2015 second half

Business Standard | August 27, 2015

Gold demand in India is likely to hit a four-year high between July and December on strong demand from the jewellery sector according to World Gold Council.

Freeport-McMoRan cuts spending, production and jobs: shares soar

Cecilia Jamasmie | August 27, 2015
Freeport-McMoRan cuts spending, production and jobs: shares soar

The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.

Frik Els

Iron ore still in a bull market. What does it say about China?

Frik Els | August 26, 2015
Iron ore is still in a bull market

No commodity is more exposed to China and the iron ore price is up 20% from its 2015 low. Has the steelmaking raw material become a leading indicator?

US company to begin recovering rare earths from old electronics

Cecilia Jamasmie | August 26, 2015
US company to begin recovering rare earths from old electronics

U.S. Rare Earths Inc. will apply a new method that assists in the recycling, recovery and extraction process of the coveted elemenst, used as ingredients in magnets, batteries, catalytic converters and high-tech products

Chinese gold imports rise 48%

Frik Els | August 25, 2015
Chinese gold imports rise 48%

Hong Kong customs data show a rebound in number two gold importing nation.

Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Cecilia Jamasmie | August 25, 2015
Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.

Anglo American ok to extend debated coal mine in Australia

Cecilia Jamasmie | August 25, 2015
Anglo American ok to extend debated coal mine in Australia

New South Wales planning authorities say a scaled-back plan to extend the life of Anglo’s Drayton South open-cut mine in the Hunter Valley can be approved, but with certain conditions.

BHP Billiton posts worst profit in over 10 years

Cecilia Jamasmie | August 25, 2015
BHP Billiton posts worst profit in over 10 years

As prices for the company's four key "pillar" commodities —iron ore, metallurgical coal, copper and oil and gas — have all dropped to multi-year lows in the past 12 months.

Will India no longer buy Australian coal?

The answer is NO, according to the leader of The Greens, Richard Di Natale.

Oilprice.com

What's really at stake with the Iran nuclear deal

Oilprice.com | August 20, 2015

Iran's nuclear deal is about much more than the price per gallon. What the U.S. and its allies are trying to accomplish is no less than the reversal of political hostilities that have marginalized Iran for over thirty years and fueled hostility across the region.

Glencore stock getting hammered as China slowdown, commodities rout hit profit

Cecilia Jamasmie | August 19, 2015
Glencore stock getting hammered as China slowdown hits profit

The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.

World's largest diamond cutting and polishing centre halted by rally

IndiaTimes | August 17, 2015

The Indian diamond unit came to a grinding halt as manufacturers and workers participated in the Patidar rally demanding reservation under OBC (other backward communities) quota.

China, Russia creating own gold market

MINING.com Editor | August 16, 2015
China’s gold demand to beat supply by 2015

As Western central banks continue their manipulation of the gold price in order to prop up flagging fiat currencies, two of the world's largest bullion hoarders are fashioning their own gold market which will function outside the dollar system.

India picks worst time to resume iron ore mining — analysts

Cecilia Jamasmie | August 14, 2015
India picks worst time to resume iron ore mining — analysts

India's private iron ore producers are likley to suffer the effects of high costs, low prices and a poor export market.

Deep sea mining: a potential source of renewable resources?

Michael Saunders | August 14, 2015
Deep sea mining: a potential source of renewable resources?

Not metaphorically, but literally – the deep sea is a gold mine, and that is just scratching the surface.

Glencore hit by $790 million writedown, cuts spending

Cecilia Jamasmie | August 13, 2015
Glencore hit by $790 million writedown, cuts spending

The company's action on spending follows sharp falls across commodity prices this year.

Global gold demand hits six-year-low as China, India buy less

Cecilia Jamasmie | August 13, 2015
Global gold demand hits six-year-low as China, India buy less

Total bullion demand dropped 12% in the second quarter of the year, due in part to directionless prices, the WGC says.

Most Chinese rare earth miners running at a loss — report

Cecilia Jamasmie | August 12, 2015
Most Chinese rare earth miners running at a loss — report

About 90% of China’s rare earth producers are currently operating at a loss as prices for the coveted elements continue to drop due to a global glut and illegal mining.

Japan's comeback to nuclear power good news for Australia

Minerals Council of Australia | August 12, 2015

Japan has been a long-standing market for Australian uranium exports, providing around one-third of their total uranium supply, valued at around $250 million.

Freeport cancels copper exports from Indonesia as permit expires

Cecilia Jamasmie | August 12, 2015
Freeport cancels copper exports from Indonesia as permit expires

The company, which runs the massive Grasberg mine in Papua, has stopped exporting since last month.

Oilprice.com

The Saudi oil price war is backfiring

Oilprice.com | August 12, 2015
Here's why Saudi Arabia needs nuclear power

With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump.

Japan resumes producing nuclear power

Cecilia Jamasmie | August 11, 2015
Japan resumes producing nuclear power

The country has restarted its first nuclear reactor since the Fukushima disaster in March, 2011.

Coal, nuclear, and renewables expected to boost Vietnam’s electricity capacity: EIA

Vietnam is poised to significantly transform its electrical power generation mix over the next two decades as it modernizes the country's agrarian economy to become a more industrialized nation.

More »