Asia

Aussie miners new dilemma: ore reserves up, exploration down

Cecilia Jamasmie | July 31, 2014
Aussie miners new dilemma: ore reserves up, exploration down

Half the firms surveyed by PwC reported an increase in their reserves compared to the previous financial year.

Coal exporters not backing down despite glut; could China enter the market too?

SNL Energy | July 30, 2014
Coal exporters not backing down feat

No signs of production slowdown in major coal-exporting countries.

Activist Casablanca Capital wins battle for Cliffs

Cecilia Jamasmie | July 30, 2014
Activist Casablanca Capital wins battle for Cliffs

The fund, with just a 5.2% stake in Cliffs, has vowed to sell or spin the miner's international operations.

Secret political payments by Japan power firm unveiled: Asahi

Jeffrey Richmond | July 30, 2014
secret political payments by japan power firm unveiled asahi feat

Seven prime ministers, other top politicians received funds.

Australian environmental watchdog approves Cameco uranium mine

Cecilia Jamasmie | July 28, 2014
Australian environmental watchdog approves Cameco uranium mine

Western Australia's Environmental Protection Agency (EPA) recommended state approval for the project, under certain conditions.

Australia’s newest and biggest coal mine gets federal approval

Cecilia Jamasmie | July 28, 2014
Australia’s newest and biggest coal mine gets federal approval

The controversial US$15bn Carmichael Coal Mine and Rail Project is being developed by Indian conglomerate Adani Group.

Freeport, Indonesia make peace: copper exports to resume in August

Cecilia Jamasmie | July 25, 2014
Freeport, Indonesia make peace: copper exports to resume in August

Indonesia's top copper miner hopes next month to ramp up production and restart concentrate shipments from Grasberg, one of the world's largest copper mines.

The coming slump

GoldMoney | July 25, 2014

Governments and central banks have made little or no progress in recovering from the Lehman crisis six years ago. The problem is not helped by dependence on statistics that are downright misleading.

Miners need to overhaul business model to boost productivity: study

Cecilia Jamasmie | July 25, 2014
Miners need to overhaul business model to boost productivity: study

Cost reduction measures in the mining industry could well have undermined the sector's productivity, which remains down, according to a new EY report.

Dr. Elizabeth Adey - Wardell Armstrong

Human rights and the mining industry: managing the problems before they arise

As people become ever more aware of what’s going on the world — including the impact of commercial activity on human rights — the expectations of society are inevitably rising.

Freeport to soon restart exports from Indonesia as gov’t offers tax cuts

Cecilia Jamasmie | July 24, 2014
Freeport to soon restart exports from Indonesia as gov’t offers tax cuts

About $500 million of exports a month have been halted in Southeast Asia's biggest economy because of the minerals dispute.

This Aussie town lets people pay for a hotel room with gold

Cecilia Jamasmie | July 24, 2014
This Aussie town lets people pay for a hotel room with gold

They can also buy a car and even pay visits to the local doctor with the shiny yellow metal.

China’s falling out of love with gold, demand drops 19%

Cecilia Jamasmie | July 23, 2014
China’s falling out of love with gold, demand drops 19%

Gold consumption in the country fell to 569.5 tonnes, with the weakness in the yuan adding to higher spot prices.

UN opens up more deep sea areas for mining, issues seven new licences

Cecilia Jamasmie | July 23, 2014
UN opens up deep sea for mining, issues seven new licences

State-owned and private companies from the UK, Germany, India, Brazil, Singapore and Russia are among those to benefit from the seabed regulator’s decision.

Indonesia lifts six-month ban of metal concentrate exports

Cecilia Jamasmie | July 22, 2014
Indonesia lifts six-month ban of metal concentrate exports

The shipments, the first of their kind in six months, were allowed after Sebuku Iron Lateritic Ores (SILO) and Lumbung Mineral Sentosa agreed to pay the new 20% tax.

India may allow private companies to commercially mine coal

The Economic Times | July 21, 2014

India's government will initiate the process of allowing private companies to commercially mine coal and end the state monopoly after the public offer of shares of Coal India Ltd.

Indonesia to revoke Newmont license unless resumes output, lifts lawsuit

Cecilia Jamasmie | July 17, 2014
Indonesia to revoke Newmont license unless resumes output, lifts lawsuit

Authorities are is planning to send a letter to the Colorado-based miner saying that it has defaulted on its contract and, therefore, is “negligent."

Cameco expects Australian regulator decision on uranium mine shortly

Cecilia Jamasmie | July 16, 2014
Cameco expects Australian regulator decision on uranium mine shortly

The company also said that ore from its Cigar Lake mine, in Canada's Saskatchewan, would not be milled until early 2015, instead by the end of the year.

Pilbara expansion boosts Rio Tinto iron ore output

Cecilia Jamasmie | July 16, 2014
Pilbara expansion boosts Rio Tinto iron ore output

The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.

Sirius delays application for $2.7bn potash mine in English national park

Cecilia Jamasmie | July 15, 2014
Sirius delays application for $2.7bn potash mine in English national park

According to the company, the mine will employ about 1,800 workers during construction and generate 1,000 permanent jobs once opened.

India may ask state-run miner to import coal

Jeffrey Richmond | July 14, 2014
India may ask state-run miner to import coal feat

Coal-based power plants struggling to meet demand.

Slow growth spoiling China’s appetite for coal

Cecilia Jamasmie | July 14, 2014
Slow growth spoiling China’s appetite for coal

In the first half of 2014, the country’s coal imports grew just 0.9%, compared with 13.3% a year earlier.

Cecilia Jamasmie

BHP sell-off could undo Billiton historic deal

Cecilia Jamasmie | July 13, 2014
BHP sell-off could undo Billiton historic deal

As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.

Gold smuggling into India hits record highs

Cecilia Jamasmie | July 11, 2014
Gold smuggling into India hits record highs

Officials estimate they have seized four times more gold in the first quarter of the current fiscal year (April to June) than in the same period last year.

Pilbara visit shows Japan vital to Aussie mining

Jeffrey Richmond | July 10, 2014
pilbara visit shows japan vital to future aussie mining feat

Follows signing of FTA seen as major opportunity for Australian miners.

JSW Steel raises iron ore imports to six mln tonnes in a year

Reuters | July 9, 2014

JSW Steel, led by billionaire Sajjan Jindal and India's third-largest maker of the alloy, will import 6 million tonnes of iron ore this fiscal year compared with no shipments a year earlier due to production cutbacks at home.

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