Asia

Iron ore falls below the $60 mark again

Cecilia Jamasmie | July 1, 2015
Iron ore falls below the $60 mark again

The value of the commodity has fallen by about 35% over the latest 12-month period, hitting Australia’s economy harder than expected.

Kyrgyzstan Gov’t told to ensure ‘smooth sailing’ for Centerra Gold’s Kumtor mine

Cecilia Jamasmie | July 1, 2015
Kyrgyzstan Gov’t told to ensure ‘smooth sailing’ for Centerra Gold’s Kumtor mine

Negotiations between the parties, however, are expected to continue over the summer.

Mongolia to pay $100 million owed to Canada’s Khan Resources

Cecilia Jamasmie | June 29, 2015
Mongolia to pay $100 million owed to Canada’s Khan Resources

The company, however, says it has not yet received any direct communication from Mongolia on the matter.

China readies to launch yuan gold fix before year-end

Cecilia Jamasmie | June 25, 2015
China readies to launch yuan gold fix before year-end

While details remain unknown, it is believed the fix would be launched via the Shanghai Gold Exchange, the world's biggest physical bullion exchange.

Adani confirms work halted at controversial coal project by the Great Barrier Reef

Cecilia Jamasmie | June 25, 2015
Adani confirms work halted at controversial coal project by the Great Barrier Reef

But the Indian company said it remains committed to the US$12bn Carmichael project in Queensland, Australia.

Indians buy gold as Chinese shift to stocks

Wall Street Journal Online | June 24, 2015

The rapid run-up in Chinese shares this year is dimming the allure of another popular investment: gold. Luckily for fans of the metal, demand is looking healthy in India, the other big retail market in Asia.

Iron ore prices hit six-day highs, but rally won’t last say experts

Cecilia Jamasmie | June 24, 2015
Iron ore prices hit six-day highs, but rally won’t last say experts

Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.

India to ship 16.5 million tonnes of iron ore to Japan, South Korea

India Today | June 24, 2015

The government approved the renewal of agreement for supplying up to 16.5 million tonnes (MT) of high grade iron ore to steel plants in Japan and South Korea over three years till March 2018.

Gold hidden as parts of microwaves, DVD players seized at Indian airport

Michael Allan McCrae | June 22, 2015
Smugglers caught in Sri Lanka with $100k in gold nuggets

A total of 56 passengers are being investigated.

Glencore to pay new entity in global chain to market coal

Sydney Morning Herald | June 22, 2015

Swiss-based mining giant Glencore says it will pay a new entity within its global chain to market and distribute its coal as it moves to close its Singapore office.

Uralkali may delist before year-end ahead of imminent merger — report

Cecilia Jamasmie | June 22, 2015
Uralkali may delist before year-end ahead of imminent merger — report

The world's largest potash miner is said to be mulling a merger with Uralchem, one of its main shareholders.

Met-coal plumbs decade lows

Andrew Topf | June 21, 2015
Met coal outlook improves significantly

Hobbled by too much supply and not enough demand, especially in China, the coal needed to produce steel has fallen to levels not seen since 2004.

ICL to supply India with 835,000 tonnes of potash

Andrew Topf | June 21, 2015
Takeover approach shakes up potash market

Israel's ICL has signed several contracts to supply its Indian customers with a total of 835,000 tonnes of potash.

Oilprice.com

China’s energy demand may not increase until 2017

Oilprice.com | June 21, 2015
How China controls Ecuador's oil

In this post I revisit the energy production and consumption data for China looking for clues about the future direction of global energy markets.

Visual Capitalist

INFOGRAPHIC: Every Chinese overseas investment over $100m visualized

Visual Capitalist | June 17, 2015
China's stake in rare earths market shrinking

Showing over 1,250 attempted transactions, this list includes both successful and failed attempts in order to visualize the ebb and flow of Chinese investments up until mid-2014.

The world’s top 10 gold mines

Vladimir Basov | June 16, 2015
Blockade lifted at Freeport Grasberg mine in Indonesia

Together these giant gold operations produce more than 10 million ounces per year.

Mining industry inertia will come at a price

Frik Els | June 16, 2015
Mining industry inertia will come at a price

PwC's John Gravelle on the mining industry's austerity drive, price realities and declining exploration spending.

What is next for key technology investments in the mining industry?

Timetric | June 16, 2015
What is next for key technology investments in the mining industry

Timetric data from over 630 mines across six regions, highlights a range of investment priorities in different areas of technology.

NGOs question Nautilus Minerals report on seafloor mining ‘minimum’ impacts

Cecilia Jamasmie | June 16, 2015
NGOs question Nautilus Minerals report on seafloor mining ‘minimum’ impacts

They are calling the company's shareholders “not to pay the price of ignorance” when it comes to investing in the Solwara 1 deep sea copper, gold mining project in Papua New Guinea.

To avoid further strife, Afghanistan should leave its copper in the ground: Antony Loewenstein

The Guardian | June 15, 2015

Afghanis say that since the Aynak copper mine was set up, their lives have become plagued with conflict and environmental destruction.

Billions and billions pour into India and China

indian China

It’s been a little over a year since Narendra Modi took office in India, and so far the results have been mostly positive for the South Asian country and the surrounding region…

CHARTS: China's steel, iron, coal industry growth collapsing

Frik Els | June 12, 2015
CHARTS: China's steel, iron, coal industry growth collapsing

A new report shows China's move away from industrialization and construction to consumption and services is happening much quicker than previously thought.

TIMELINE: Birth and development of the diamond mining industry

MINING.com Editor | June 12, 2015
Russia’s Alrosa to export 36 million carats of diamonds in 2014

While the term "diamond" comes from the Greek word "Adamas", meaning "unconquerable", the earliest gems were found in India, in 4th century BC.

Mine financing: 2015 off to dismal start

Frik Els | June 11, 2015
Mine financing: 2015 off to dismal start

A third of money raised is destined for Canadian projects while Australia's share of global total drops to only 5%.

INFOGRAPHIC: Geopolitical risks are climbing – interstate conflict is top risk in 2015

Visual Capitalist | June 11, 2015
Top forecaster says geopolitics main gold price driver

Over the last decade economic events or environmental issues came out as top risks to the world according to the annual WEF survey. Not this year.

Asian coal prices close to floor, unlikely to fall further than $10 -industry

Reuters | June 10, 2015

Coal prices in Asia are already at levels that have forced some producers to curb supply and are unlikely to fall more than another $10, industry officials said.

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