Asia

India's Jindal Steel mothballs $10bn coal project

Cecilia Jamasmie | November 24, 2014
India's Jindal Steel mothballs $10bn coal project

The company the first major casualty of a Supreme Court decision to scrap most coal fields allocated to private firms since 1993.

Five Chinese workers among injured in coal mine blast in Malaysia

CRI Online | November 23, 2014

Five Chinese workers were injured Saturday in a coal mine explosion in eastern Malaysia, Chinese consulate in Kuching told Xinhua on Sunday. The explosion has left three persons killed and 29 injured.

New Mongolia PM brings little fresh to Oyu Tolgoi talks

Frik Els | November 21, 2014
mongolia_genghis_khan_statue_400_333

The appointment of Chimed Saikhanbileg on Friday represented "business as usual" for the government, and could further drive away foreign investment.

Nickel close to month-high as Indonesia keeps ore ban

Cecilia Jamasmie | November 19, 2014
Nickel close to month-high as Indonesia keeps ore ban

The country effectively halted all but processed metal shipments in January in an effort to force miners to build smelters.

Australia FTA with China: shift from mining to dining

HSBC Bank | November 19, 2014
Australia FTA with China: shift from mining to dining

Deal should help bolster Australia's already strong links to Asia and the ongoing 'rebalancing' of the nation's growth towards the non-mining sectors.

India readies draconian gold import rules

Frik Els | November 18, 2014
India readies draconian new gold import rules

New measures to curb rocketing imports expected within days.

Coal rush in India could tip balance on climate change

New York Times | November 18, 2014

Decades of strip mining have left this town in the heart of India’s coal fields a fiery moonscape, with mountains of black slag, sulfurous air and sickened residents.

Blood diamonds still at Central African mining sector’s heart

Cecilia Jamasmie | November 18, 2014
Blood diamonds still at Central Africa mining sector’s heart

A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.

Iron ore price crashes 4%

Frik Els | November 18, 2014
Iron ore price crashes 4%

Drops to June 2009 levels on the way to $70 a tonne after Chinese house prices fall for sixth month in a row.

Adani lines up $1bn for Australia’s Carmichael coal complex

Cecilia Jamasmie | November 18, 2014
Adani lines up $1bn for Australia’s Carmichael coal complex

The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.

India's uranium pact with Australia going full speed ahead

Mineweb | November 16, 2014

Kept away from international nuclear trade dialogue for several years for not being a signatory to the nuclear non proliferation treaty, India has finally got the go-ahead from Australia, which is to ship uranium to India.

Glencore shutting Australian coal mines over Christmas

Cecilia Jamasmie | November 14, 2014
Glencore shutting Australian coal mines over Christmas

The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.

India back to being world’s top gold consumer

Cecilia Jamasmie | November 13, 2014
India back to being world’s top gold consumer

Global demand, however, fell to its lowest in nearly five years as Chinese buying slid by a third.

Turquoise Hill surges after Mongolia taps new leader

Frik Els | November 12, 2014
Turquoise Hill surges as Mongolia taps new leader

Nominee Amarjargal Renchinnyam is a respected economist who could help bring Vancouver firm's $5bn Oyu Tolgoi copper-gold expansion project back on track.

What slowdown? Mining equipment market to grow 8.4% a year

Frik Els | November 11, 2014
What slowdown? Mining equipment market to grow 8.4% a year

Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.

Rio Tinto's $5.4bn Oyu Tolgoi expansion in limbo once again

Cecilia Jamasmie | November 10, 2014
Rio Tinto's $5.4bn Oyu Tolgoi expansion in limbo once again

Mine operator and Rio's subsidiary Turquoise Hill said Monday they have made an offer to the government of Mongolia to resolve matters in a manner deemed "beneficial to all stakeholders.”

Uranium gets a catalyst

Morning Star Online | November 10, 2014
Nuclear power plant

Good news arrived last week for moribund uranium markets and miner Cameco after Japan approved what will be the first restarts of its dormant reactor fleet.

Tommy Humphreys

Two explosive uranium charts to keep an eye on

Tommy Humphreys | November 10, 2014
Two explosive uranium charts to keep an eye on

The uranium space caught some attention last week after an important vote in Japan opened the door for nuclear reactor restarts.

Cecilia Jamasmie

Mongolia-based miners in limbo after premier ousted

Cecilia Jamasmie | November 7, 2014
Mongolia-based miners in limbo after premier ousted

What happens next is critical say mining companies currently operating in the country.

Deep-sea miner Nautilus to charter ship as floating base

Cecilia Jamasmie | November 6, 2014
Deep-sea miner Nautilus to charter ship as floating base

The ship will accommodate as many as 180 people and is expected to be delivered by the end of 2017.

Enbridge swings to loss, but beats estimates on oil sands transport

Cecilia Jamasmie | November 5, 2014
Enbridge swings to loss, but beats estimates on oil sands transport

The company's Line 9B reversal project has been delayed after the National Energy Board requested additional info last month.

Coal carrying ‘death ship’ under scrutiny

Cecilia Jamasmie | November 4, 2014
Coal carrying ‘death ship’ under scrutiny

Three workers died on board in 2012 and fresh inspections have revealed severe safety breaches.

Glencore’s coal output up 9% as prices touch 5-year low

Cecilia Jamasmie | November 4, 2014
Glencore’s coal output up 9% as prices head to 5-year low

The company is defying coal price slump with increased production driven by expansions at its Australian mines.

Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Cecilia Jamasmie | November 3, 2014
Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.

China's gold strategy

GoldMoney | October 31, 2014

China first delegated the management of gold policy to the Peoples Bank by regulations in 1983. This development was central to China’s emergence as a free-market economy following the post-Mao reforms in 1979/82.

Cliffs Resources officially shutting Canadian Wabush Mines

Cecilia Jamasmie | October 31, 2014
Cliffs Resources officially shutting Canadian Wabush Mines

About 500 workers will lose their job.

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