Asia Mining News

ArcelorMittal Temirtau to suspend hot-rolled steel coil exports to Iran – adviser

ArcelorMittal Temirtau, will suspend the export of hot-rolled steel coils to Iran due to the re-imposition of U.S. sanctions

Four miners killed in Georgia in coal mine accident, officials say

The government will close the mine until an investigation is complete and it gets the conclusions of international experts.

Top-grade iron ore may spike to $100

High-grade iron ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity.

Landslide at Myanmar jade mine kills at least 15, injures 45: official

This is the latest disaster in the Hpakant jade mining region.

Germany to host Europe's first EV battery plant

BMW already signed up as the factory's main client.

Asia Gold-Buying picks up in India on low prices

"In last few days the rupee and international prices are moving in favour of buyers. Jewellers are placing orders," said a Mumbai-based dealer.

Rio Tinto sells $3.5bn stake in Grasberg mine to Indonesian state miner

The world’s No.2 miner is selling its 40% in the giant Grasberg mine, the world’s second largest copper operation, to Indonesia’s state mining company PT Inalum.

Experts come up with plan for protecting deep-sea life from mining

An international group of researches have recommended 18 quantitative metrics that regulators can use to assess seabed mining projects.

China’s electric car appetite spawns 77-year-old billionaire

Huh Chin-kyu has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils.

Philippines nickel ore exports seen dropping up to 17 pct on low prices

The Philippines is the world's No.2 nickel ore supplier after Indonesia, shipping the bulk of its output to top buyer China.

Death by diamonds: Suicides wipe the shine off India's gem trade

Over 80 percent of the total workforce earn a piece rate of 1 to 25 rupees for each stone they polish and have no social benefits.

India's June gold imports drop by a quarter as rupee hits record low

The rupee hit a record low in the last week of June and has lost nearly 8 percent so far in 2018. Local gold prices have risen more than 5 percent.

Japan's Mitsui may raise its stake in Vale — executive

The sale of Vale stakes has been a subject of market speculation since the world's largest iron ore miner moved to a single class of stock in October. Mitsui currently holds a 5.51 percent stake in Vale.

Thermal coal prices hit 6-year high

Seaborne price for coal used in electricity generation scales $120 a tonne as South Africa diverts exports for domestic use and Asian demand spikes.

Indians are falling out of love with gold — and millennials are partly to blame

Indians’ love affair with gold is cooling.

Nautilus Minerals tanks on shipbuilding contract cancellation

Fresh setback for the company’s Solwara 1 project, expected to be the world’s first seabed gold, copper, silver mine.

Freeport operating permit for Grasberg extended until end of July

Indonesia has extended an operating permit for Freeport's Grasberg copper-gold mine while discussions over long-term rights continue.

Anil Agarwal faces shareholder resistance to $1 billion Vedanta bid

Billionaire Anil Agarwal faces investor resistance to his $1 billion bid to buy out minority shareholders in Vedanta Resources and take the London-listed Indian miner private.

Indonesia close to acquiring Freeport's Grasberg copper mine

Indonesian minister says majority stake purchase of iconic mine seen valued at $3.5 billion to $4 billion.

Billionaire Agarwal continues deal spree with Vedanta buyout

Vedanta "can be the second- or third-largest resource company in the world."

Thyssenkrupp shareholder Cevian calls for further restructuring after steel JV

Thyssenkrupp's joint venture with Tata Steel - to be named Thyssenkrupp Tata Steel - will have around 48,000 workers and about 17 billion euros in sales.

Indonesia's Inalum close to acquiring Freeport's Grasberg copper mine

The deal might be completed in July.

Tenaris laying off Canada workers as Trump's steel tariffs bite

Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum imports.

Mongolian parliament OKs plan to sell 30% of Tavan Tolgoi Mine

Mongolian lawmakers approved a plan to sell up to 30% of the troubled Tavan Tolgoi coal mine in the Gobi desert.

The Saudis won't prevent the next oil shock

Unless demand falls back, or some of these outages dissipate, oil prices could be heading much higher.