Asia Mining News

Australian coal exports to Thailand four times higher

The figures demonstrate that developing nations in South East Asia require high quality coal to meet increased electricity demand, powered by the growing urbanization of the population.

Noble shares hammered after CEO's sudden resignation

The group also announced it would sell its Noble Americas Energy Solutions (NAES), one of its crown jewels.

Australia's mining project pipeline dwarfs other countries

Significant brown and greenfield projects through 2020 nearly outnumber the next ten countries on the list.

Kincora consolidates the Mongolian southern Gobi copper-gold belt

The transaction will result in a consolidated landholding of over 1,500km2, the majority of the prospective exploration licenses which dominate a key geological trend between and along strike from the Oyu Tolgoi and Tsagaan Suvarga copper mines, supporting an industry leading proposition of copper/gold and gold targets.

Nautilus underwater project in Eastern Pacific richer than thought

Inferred mineral resources for Nautilus' CCZ project went up to 685 million tonnes from 410 million tonnes.

Boom in private debt financing for mining

Australia's Taurus raised $683m to invest in mining company debt last year, while two funds currently in the market are targeting investor capital of $800m.

Centerra Gold charged $98 million fee by Kyrgyzs court

Fresh string of penalties and fees are one of the latest signs of renewed tensions between the Kyrgyzstan government and the Canadian miner.

Pit collapse at jade mine in Myanmar leaves at least 13 dead

It is the latest in a series of deadly accidents in recent months to hit Hpakant, where as much as 90% of the world's jade is mined, mostly illegally.

Centerra Gold fined for environmental damage in Kyrgyzstan

Ruling is one of the latest signs of renewed tensions between the Kyrgyzstan government and the miner, which have been locked in a bitter dispute over profit sharing for years.

Japan 'swimming against current' when it comes to phasing out coal

Report shows that Japan is the only G7 country seeking to build new coal-power plants.

Harvard, IMF economist: Emerging markets must go for gold

If all central banks were to hold at least 5% of forex reserves in gold (versus 60%+ in rich economies) it would require the purchase of almost 8,000 tonnes

Thailand to shut only active gold mine by end of May — report

Chatree remains in operations despite and order by the country's military regime last week to halt all gold mining and exploration activities.

Mongolia to pay $70 million owed to Canada’s Khan Resources

Move comes on the heels of Rio Tinto’s decision to resume work on a $5.3 billion expansion of the Oyu Tolgoi copper mine, following a three-year delay due to disputes with authorities.

Gold demand just had a major growth spurt

Negative interest rates and slow growth have fuelled investors' demand for gold in record-breaking fashion.

Thailand to shut largest gold mine on environment concerns

Thailand will shutter its largest gold mine by the end of the year after the government said concern the project was damaging the environment and sickening workers outweighed its economic benefit.

Miners going broke – worst still to come

New report says mining and metals companies set to default on debt at more than three times the historical rate going back to 1983.

Japan risks wasting US$56bn in new coal-fired power stations — report

According to the University of Oxford’s Smith School of Enterprise and the Environment, Japan’s plants are set to become stranded assets as a result of overcapacity and cheaper power sources, such as renewables.

Smuggling to avoid taxes to boost Indian gold imports to record: ANZ

Banks says that India's gold imports could hit a record high this year amid widespread smuggling to sidestep government levies on overseas shipments.

Global gold output to remain weak despite price recovery

BMI Research analysts also believe gold prices bottomed in 2015 and expect the metal to edge higher over the coming quarters.

Could China and India save the beleaguered coal markets?

Tectonic shifts in the global coal market are underway, posing a series of questions for traditional coal supply markets.

Worst week for iron ore price since October 2011

Rout continues ahead of crucial Chinese import data.

Luxembourg aims high with asteroid mining deals

It’s home to just a half-million people, but the country is not thinking small when it comes to the future of mining.

Landslide at jade mine in Myanmar leaves at least 13 dead

Dozens are believed to be buried under the waste left by the mudslide in Myanmar’s Kachin state.

Rio Tinto goes ahead with $5.3 billion expansion of Oyu Tolgoi

Construction of the massive mine's underground portion will begin within months, with first production expected by 2020.

Mapped: The global coal trade

The global coal trade doubled in the decade to 2012 as a boom took hold in Asia. Now, the coal trade seems to have stalled or even gone into reverse.