Asia

Centerra a step closer to moving gold project in Mongolia forward

Cecilia Jamasmie | January 23, 2015
Centerra a step closer to moving gold project in Mongolia forward

The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.

Baja Mining's long-delayed and almost dead El Boleo finally reaches production

Cecilia Jamasmie | January 23, 2015
Baja Mining's long-delayed and almost dead El Boleo finally reaches production

Red metal output at the mine, over 18 months behind schedule and $750 million over budget, is expected to ramp-up by July.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Glencore likely to slash spending on coal, oil — HSBC

Cecilia Jamasmie | January 20, 2015
Glencore likely to slash spending on coal, oil — HSBC

The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.

Rio Tinto’s diamond output down 14% in 2014

Cecilia Jamasmie | January 20, 2015
Rio Tinto’s diamond output down 14% in 2014

The company pointed to the transition of its Argyle mine from open pit to underground, as well as a shift toward processing lower-grade ore at Diavik as the main reasons for the drop.

Kiran Gems Participates in Mumbai Marathon

Kiran Gems | January 19, 2015

Kiran Gems, the world’s largest manufacturer of diamonds, participated in the 12th Mumbai Marathon on Sunday, January 15, 2015. The top brass of the organization, namely Mavji Patel, the managing director, Dinesh Lakhani and Rajesh Lakhani, both directors, along with 15 other employees came out in support of humanity and participated in this event.

Turquoise Hill output at higher end of target

Frik Els | January 19, 2015
Turquoise Hill output at higher end of target

Higher grades boost fourth quarter production despite concentrator fire at Oyu Tolgoi in Mongolia.

Fish sperm a ‘key ingredient’ to recycling rare earth elements

Cecilia Jamasmie | January 19, 2015
Fish sperm a ‘key ingredient’ to recycling rare earth elements

Japanese scientists have developed a process that uses salmon sperm to mine and reprocess rare earth elements (REEs).

ArcelorMittal sells its coal mines to Russia's National Fuel Company

Cecilia Jamasmie | January 19, 2015
ArcelorMittal sells its coal mines to Russia's National Fuel Company

The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

Goldcorp strikes $440 million deal for Probe Mines

Cecilia Jamasmie | January 19, 2015
Goldcorp strikes $440 million deal for Probe Mines

The move will see the miner taking control of the Borden Gold project in northern Ontario.

These are the top 10 global mining trends for 2015

Cecilia Jamasmie | January 15, 2015
These are the top 10 global mining trends for 2015

Price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of financing will make of 2015 another challenging year for the sector.

Shanghai gold deals get a boost as WGC sets bullion free trade zone

Cecilia Jamasmie | January 15, 2015
Shanghai gold trade gets a boost as WGC sets bullion free trade zone

The World Gold Council (WGC) and the Shanghai Gold Exchange (SGE) have signed memorandum of understanding on a comprehensive strategic gold cooperation agreement.

Adani's $15bn coal mine in Australia facing fresh legal challenges

Cecilia Jamasmie | January 15, 2015
Adani's $15bn coal mine in Australia facing fresh legal challenges

An environmental group is attempting to radically change the way mining projects are assessed with a court case involving Adani's controversial coal mining complex in Queensland.

Top 10 copper mines plunge $134 billion in value

Frik Els | January 15, 2015
Top 10 copper mines plunge $134 billion in value

Over just two days the copper price rout has slashed $134 billion off the value of the reserves of the world's largest producers.

Freeport, Glencore lead stocks bloodbath driven by copper collapse

Cecilia Jamasmie | January 14, 2015
Freeport, Glencore lead stocks bloodbath driven by copper collapse

Copper tumbled Wednesday to fresh six-year lows, dipping below $5,500 a tonne. Stocks in miners of the industrial metal are getting hammered.

Rio Tinto in talks to ship uranium to India

Cecilia Jamasmie | January 14, 2015
Rio Tinto in talks to ship uranium to India

Ceo Sam Walsh has said the firm expects to start exporting Australian uranium to India by 2017.

Sandvik unveils new mid-range mining crushers

Cecilia Jamasmie | January 13, 2015
Sandvik unveils new mid-range mining crushers

Part of the firm's CH800 series of mining cone crushers, the two models aim to help improve productivity and profitability in the mid-range segment.

China’s green ban hitting Aussie coal exporters hard

Cecilia Jamasmie | January 12, 2015
China’s green ban hitting Aussie coal exporters hard

Australia exports as much as 49 million tonnes of thermal coal a year to China.

Rio Tinto to spend at least $500 million to advance diamond project in India

Cecilia Jamasmie | January 12, 2015
Rio Tinto to spend at least $500 million to advance diamond project in India

The Bunder project will be one of the only four diamond mines to be operational over the next decade.

Battle for control of Asia Resource heats up

Cecilia Jamasmie | January 12, 2015
Battle for control of Asia Resource heats up

Its chairman Bob Kamandanu decided to step down only weeks ahead of a vote proposed by largest shareholder Samin Tan to replace most directors and take the reins at the company.

At least four dead as landslide hits Myanmar jade mining region

Globe and Mail | January 11, 2015

At least four people have been killed in a landslide at a jade mine in Myanmar’s north, authorities said Friday.

CHARTS: Iron ore price won't withstand 2015 supply flood

Frik Els | January 9, 2015
CHARTS: Iron ore price won't withstand 151m new tonnes in 2015

Dozens of mines closed last year but another 175 million tonnes will have to drop out to neutralize 2015 output growth, which unlike copper is de-risked.

India coal miners end nationwide strike

Cecilia Jamasmie | January 8, 2015
India coal miners end nationwide strike

About half a million coal miners in India have called off a strike, removing the threat of widespread power outages and a crippling coal shortage.

India's rocketing iron ore imports

Frik Els | January 7, 2015
India's rocketing iron ore imports

Still minuscule compared to China, but the subcontinent is now a net importer compared to shipments of 120 million tonnes per year before.

Buckley: China’s declining coal dependence Is evident in the data

The bottom line today is that the traditional nexus between real GDP growth, electricity expansion and coal demand is now broken.

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