Asia

Mongolia fined $100M for expropriating uranium mine

MINING.com Editor | March 3, 2015
Effects of court ruling feat

An international arbitration tribunal has ordered Mongolia to fork over $100 million for expropriating the Dornod uranium project from Khan Resources (CNSX:KRI) back in 2009.

Plenty of potash, but almost no low cost sources for crop production

US Geological Survey | March 3, 2015
Plenty of Potash, but almost no low cost sources for crop production

While the earth contains enough potash to meet the increased global demand for crop production, some regions lack potash deposits needed for optimal food crop yields, the latest global assessment of the resource by the USGS shows.

Canadian miners the world’s top buyers of assets in 2014

Cecilia Jamasmie | March 2, 2015
Canadian miners the world’s top buyers of assets in 2014

Gold remains the most-targeted commodity by volume, according to EY’s latest report.

American junior finds antimony on old gold concession

Cecilia Jamasmie | March 2, 2015
American junior finds rare earth deposit on old gold concessions

New World Gold Corp. executives say that since the discovery several companies, including a Chinese group, have approached them with offers.

Chinese rate cut lifts iron ore price

Andrew Topf | March 2, 2015
china money

25-point base rate cut from People's Bank of China.

Thai gold mine, said to have poisoned locals, allowed to reopen

Andrew Topf | March 1, 2015
Dr. Copper learns to kill poisonous norovirus

A gold mine that straddles three provinces in northern Thailand has been given the go-ahead to reopen, following a month-long halt due to health concerns believed to be the result of heavy metal contamination.

Barrick rumored to sell gold mines in Australia, PNG

Andrew Topf | March 1, 2015
papua_new_guinea

Barrick Gold (NYSE:ABX, TSX:ABX), the number one producer of the precious metal, is hoping to raise up to $1.1 billion through the sale of two mines in Australia and Papua New Guinea.

Glencore slashes Australian coal production

Cecilia Jamasmie | February 27, 2015
Glencore slashes Australian coal production

The cuts include scaling back some operations and deferring projects. Further job cuts to follow.

Here's why the copper price is rallying

Frik Els | February 26, 2015
Here's why copper price is rallying

Beijing preps New Year's gift and new report points to another 20% rise from here.

Apple buying a third of world’s gold to meet demand for iWatch

Cecilia Jamasmie | February 26, 2015
Apple buying a third of world’s gold to meet demand for iWatch

Interest in the high-end model, featuring 18-karat gold casing, is picking up.

UPDATED: The world's top 10 gold producers

Vladimir Basov | February 26, 2015
UPDATED: The world's top 10 gold producers

Number one Barrick Gold's output drops in 2014, but fellow Canadian firm Agnico Eagle adds 30% to production ounces.

Rio's Turquoise Hill gets rid of remaining stake in SouthGobi

Cecilia Jamasmie | February 25, 2015
Rio's Turquoise Hill gets rid of remaining stake in SouthGobi

Chinese Novel Sunrise Investments has agreed to buy 48.7 million shares in SouthGobi —which was once worth over US$2.4 billion —for 35 cents per share in cash.

Visual Capitalist

INFOGRAPHIC: Silver series – who controls the world's supply (part 2 of 4)

Visual Capitalist | February 25, 2015
silver_coins shutterstock

Within the Earth’s crust, there is 1 gram of silver for every 12.5 tonnes of earth (27,600 lbs). This makes silver very difficult to find. To understand silver supply, we must first discover how economic silver deposits form.

Biggest steel breakthrough in decades

Frik Els | February 24, 2015
Biggest steel breakthrough in decades

Korean scientists create a cheap, flexible steel with a strength to weight ratio of today's best titanium alloys using a nickel catalyst.

Coal miners jailed for Mongolia tax evasion seek pardon

Frik Els | February 23, 2015
Coal miners jailed for Mongolia tax evasion seek pardon

US citizen Justin Kapla and two Philippine nationals sentenced to 5 – 6 years in jail while working for coal miner SouthGobi appeal to Mongolian president.

Auction of coal mines in India to lower power tariff — President

The Economic Times | February 23, 2015

India's government says to be committed to bringing transparency in the allocation of natural resources including coal.

Russia opens its largest coal mine

Cecilia Jamasmie | February 23, 2015
Russia opens its largest coal mine

The Arshanovsky open cut mine is expected to yield 10 million tonnes of coal a year once at full capacity.

Cecilia Jamasmie

Seabed mining dreams shattered by New Zealand latest decision

Cecilia Jamasmie | February 22, 2015
Seabed mining dreams shattered by New Zealand latest decision

The country's refusal of a deep sea mining venture off its coast has cast a shadow over the emerging mining practice.

Charges against former Uralkali CEO dropped, potash price war imminent

Cecilia Jamasmie | February 22, 2015
Charges against former Uralkali CEO dropped, potash price war imminent

While criminal charges against Vladislav Baumgertner, former Uralkali CEO, were ditched, he may face further damages claims as part of the so-called potash case.

Coal mine blast kills eight, traps 40 in Pakistan

Cecilia Jamasmie | February 21, 2015
Coal mine blast kills eight, traps 40 in Pakistan

After methane gas explosion triggered a collapse in a coal mine located about 145 km. off the provincial capital of Quetta.

Divers find ‘priceless’ hoard of Arab gold coins

Cecilia Jamasmie | February 20, 2015
Divers find ‘priceless’ hoard of Arab gold coins

The sunken treasure includes coins of various denominations and sizes from the period of the Fatimid Caliphate, a Muslim dynasty.

Australian rare earth project making headway

MINING.com Editor | February 18, 2015
ighlighted Satellite Image Of New South Wales

A rare earth project in New South Wales, Australia moved a step closer to mining after receiving approval from the Planning Assessment Commission (PAC).

Coal price rally with legs as India overtakes China

Frik Els | February 18, 2015
Coal price rally with legs as India overtakes China

Thermal coal prices have jumped 22% in a month as mines close. Surging Indian imports, set to overtake China's in 2015, will support prices longer term.

Chinese housing data sideswipes copper price

MINING.com Editor | February 17, 2015
CHART: China vs copper – much better than you think

Declining properties values in China are hammering copper.

Australian uranium 'could end up in India’s nuclear weapons program'

The Guardian | February 15, 2015

Australian uranium could end up in India’s nuclear weapons program thanks to concessions the Abbott government made in the deal between the two countries, two nuclear experts have warned.

Indian police seek arrest of Australian mining chief Bruce Munro

Sydney Morning Herald | February 15, 2015

Indian police want to arrest top Australian mining chief executive Bruce Munro, as part of a criminal investigation into allegations he "cheated" a business partner in a multibillion-dollar coal deal.

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