Asia Mining News

Gold investment market is getting physical

Physical ETF outflows persist, but strong market for coins and bars see overall investment demand jump in 2015 according to World Gold Council.

Centerra Gold 2015 year-end reserve and resource update

The Company has used a gold price of $1,200 per ounce as the basis for its reserve estimates.

India hikes import tariffs on gold and silver

Move is a fresh attempt to curb costly imports and stop precious metals from being used to hide billions of dollars of undeclared "black money".

Indonesia sends team of experts as worker still trapped at Newcrest mine

The incident happened at Gosowong's Kencana mine — the same area where two men were trapped underground for eight days in December 2010.

Mongolia’s Gatsuurt project faces uncertainty

The nation has struggled to manage its resources leading to disagreements and protests of mining operations.

Three-way claim between UK, India and Pakistan set for Koh-i-Noor diamond

Pakistani court agrees to hear claim for diamond from Crown Jewels, once the world’s largest known diamond.

China FX reserves fall almost $100 bln to lowest since May 2012

The size of the drop was second only to the $107.9 billion fall in December, the largest monthly decline on record.

European consortium launches Blue Nodules project

On 1 February a European consortium launched a new Horizon 2020 project: Blue Nodules. This project addresses the  challenge of  creating a  viable  and  sustainable value  chain to  retrieve polymetallic nodules from the ocean floor. […]

Milbank chooses Oyu Tolgoi as the mining deal of the year

During the PFI Awards Dinner held in London on Feb. 3.

Centerra can go ahead with new gold mine in Mongolia

After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.

China 'war on coal' to drive labour unrest — report

The country's renewable energy industry will benefit, as it is set to step in as a substitute for coal in the coming years.

India mulls key investment to set iron ore plants in Iran

According to official figures, Iran has now more than $10 billion of investment pledges under its belt.

Chile’s court confirms 2nd highest fine in history for Caserones mine

The copper mine, property of Japan's top smelter JX Nippon Mining & Metals, will have to pay $10.8 million for breaching environmental rules.

Luxembourg joins race to conquer space mining

The move comes only three months after U.S. President Barack Obama signed a space exploitation law.

China gets tougher on illegal mining, exporting of rare earths

Beijing to set up tracing system to determine and certify the origin of the materials.

New Indian rule backfires, boosts unofficial gold trade

The government's latest attempt to control gold imports has boosted unofficial trading in the world's second-biggest gold consumer.

Nautilus takes delivery of Seafloor Production Tools

Nautilus Minerals Inc. announces that the Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%) has taken delivery of the three Seafloor Production Tools (“SPTs”) from Soil Machine Dynamics Limited’s facility in Newcastle upon Tyne.

THEnergy review of the Energy and Mines Summit in London

More than 200 delegates from the mining, renewable energy and finance sectors attended this event.

This is what’s making iron ore prices even worse

Iron ore prices, traditionally influenced primarily by demand and supply factors in the physical market, are showing signs of becoming “financialised” as paper trading increasingly plays a part in driving prices.

World's top 10 rookie gold mines

These high-grade mines will soon start competing with gold mining's industry leaders.

Canadian miners can take Kazakhstan to court for seized assets, rules tribunal

Ruling opens door for international claims against Kazakhstan.

Indonesia, Freeport fail to reach deal over copper export permit

The two sides have yet to resolve a government demand that the US firm first pay a $530 million deposit.

CHARTS: Chinese supercycle can't be repeated

Mining hits a BRIC wall.

Current mining downturn not a ‘normal’ one — Moody’s

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.

Coal dropped from Vietnam’s future energy plans

Prime Minister's decision wipes out plans to construct 70 large new coal power plants, in favour of gas, and renewables, such as wind and solar.