Asia Mining News

Trump could fuel a nuclear energy boom in 2017

For the vast untapped potential of the nuclear energy industry and the uranium that feeds it, this could contribute to a market-disrupting revival that no longer bows to fear and the politics of economy.

Global rough diamond production about to reach its peak

Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.

Rio Tinto says halt of copper shipments from Oyu Tolgoi ‘a bump in the road’

Chief executive Jean-Sebastian Jacques comments come as the company had to suspend shipments from the Mongolian mine last week.

Chinese-Korean group to build $2 billion lithium batteries plant in Chile

Based on the conglomerate's estimates, opening such plant would increase value of the product 35 times, comparing to what it could be obtained by just selling it as lithium carbonate.

INTERVIEW: Jayant Bandar on India, chaos, and gold restrictions

Jayant Bhandari, the host of highly acclaimed ‘Capitalism & Morality’ sits down with Maurice Jackson of ‘Proven & Probable to discuss the current events unfolding in India since Nov. 8, when Prime Minister Modi removed 88% of the currency.

De Beers invests $5 million to expand India’s diamond grading unit

Move takes the group’s total investment in the Indian city of Surat, which has the largest concentration of diamond skilled workers in the world, to $15 million.

Glencore becomes sole owner of Newlands, Collinsville coal mines in Australia

After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.

New Islamic banking rules make gold an accepted investment

Transactions must be fully backed by physical metal and settled on the same day to observe Islam's distinction between real economic activity and speculation.

World’s longest traffic jam points to Mongolia recovery

Over 60 kilometers, they line up: truck after truck, after truck. Nearly every one of them is laden with coal.

Explosion in Chinese coal mine leaves 32 dead 

Thirty-two miners were killed in a gas explosion that ripped through a coal mine in Chifeng, Inner Mongolia on Saturday.

Gemfields postpones emerald auction over India's ‘demonetization’

The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

Taliban offer 'security' for copper, gas projects

Armed group behind much of the violence over the past 15 years has offered to protect major Afghan government projects.

Mining accidents in China to spike as country digs more coal

In the last week alone, seven miners have been killed and 22 others remain trapped, following two accidents in local coal operations.

KP Chair holds discussions with Tokyo Diamond Exchange Club, Japan Gem Society and leading Japanese jewellery retailers

The UAE Kimberley Process Chair, Ahmed Bin Sulayem, has travelled to Japan to meet with senior representatives from the country’s diamond trade industry. The goal of the discussions was to determine how these organisations can focus on generating awareness and raising consumer confidence in the KP and the broader diamond industry.

China risks wasting $490 billion on unneeded coal plants — study

Slowing power demand growth and low carbon capacity targets in China's latest five-year plan are found to be squeezing coal generation out of the power mix.

Micromine 2016 introduced into Rudny Industrial Institute in Kazakhstan

MICROMINE considers these educational partnerships to be a strategic investment in the development of local communities and the future of the mining industry.

Fukushima rocked by another quake; nuclear plant briefly disrupted

Cooling system for spent nuclear fuel on the third reactor of the Fukushima plant halted for a brief period, then restarted.

About 500 iron ore jobs to go at Rio Tinto

The world's second largest miner said the job cuts at its Australian iron ore business are part of a restructuring of the division.

China relaxes coal mining restrictions as supply tightens

Fresh rules aim to counter surging prices for the nation’s top energy source.

Of 22 banks polled NO-ONE sees copper price rally continue

New survey of analysts calls into question post-Trump surge with consensus forecasts pointing to sharp decline by year-end and continuing weakness in 2017.

Queensland groups launch campaign to support Adani’s Carmichael coal project

As Adani’s Carmichael project continues to gain momentum with the confirmation of construction commencing in 2017, community and industry groups have launched a support campaign on social media.

Gold miners to add 10m ounces per year by 2020

But US gold mining industry will stagnate says BMI Research in new study.

The future of mining is automated

Since the industrial revolution of the mid-1800s, processes and technologies across every sector of the modern economy have developed at a rapid pace.

Chilean mining costs highest in the world, despite saving measures

Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.