Asia

Asian gold demand up as India’s Diwali boost sales

Cecilia Jamasmie | October 23, 2014
Asian gold demand up as India’s Diwali boost sales

The World Gold Council predicts that India will import 850 to 950 tonnes of gold this year.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

The move is seen by analysts as an attempt to strengthen the firm’s image.

Caterpillar posts strong results despite poor mining sales

Cecilia Jamasmie | October 23, 2014
Caterpillar posts strong results despite poor mining sales

The equipment maker beat analysts' expectations and the stock is skyrocketing in premarket trading.

Caterpillar global sales down 10% in September

Cecilia Jamasmie | October 22, 2014
Caterpillar global sales down 10% in September

The equipment maker is scheduled to report third-quarter earnings Thursday.

China to scrap tariffs on Australian coal

Cecilia Jamasmie | October 22, 2014
China to scrap tariffs on Australian coal

The controversial duties, imposed earlier this month, will be eliminated once ongoing negotiations on a free trade agreement (FTA) between the two nations is finalized.

Horse breeders win coal mine expansion fight against Anglo American

Cecilia Jamasmie | October 22, 2014
Horse breeders win coal mine expansion fight against Anglo

Planners ruled Anglo’s 100 million-tonne project was a threat to the Hunter Valley's thoroughbred and tourism industries.

India diamond merchant boss gives 500 cars, 200 apts to employees

Cecilia Jamasmie | October 21, 2014
India diamond merchant boss gives 500 cars, 200 apts to employees

He has also insured 280 employees who have been with the company for more than a decade to the tune of $160,000 each.

China sets tougher restrictions on illegal mining, exporting of rare earths

Cecilia Jamasmie | October 20, 2014
China sets tougher restrictions on illegal mining, exporting of rare earths

Beijing has launched a five-month campaign that aims to finally crackdown on illegal extraction and smuggling of the coveted elements.

Polish coal miner slashes production forecast amid restructuring

Cecilia Jamasmie | October 20, 2014
Polish coal miner slashes production forecast amid restructuring

Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.

Mining investment in Kazakhstan to reach $30bn by 2017

Cecilia Jamasmie | October 20, 2014
Mining investment in Kazakhstan to reach $30bn by 2017

The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.

Indonesia’s Choice: Coal vs. Environment

Epoch Times | October 19, 2014

Indonesia cannot build power stations fast enough. And neither can most of its Asian neighbours.

Vale to ditch 20% of its nickel assets in Indonesia

Cecilia Jamasmie | October 17, 2014
Vale to ditch 20% of its nickel assets in Indonesia

The agreement signed with Indonesia’s outgoing government also means higher royalties to be paid by the firm.

Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Cecilia Jamasmie | October 17, 2014
Platinum, palladium price-setting technology ‘optimum’ for gold: LME

The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.

Cliffs the newest victim of iron ore price slump: to take $6bn charge

Cecilia Jamasmie | October 17, 2014
Cliffs the newest victim of iron ore price slump: to take $6bn charge

The miner said the move was driven by its revised pricing outlook and adverse market conditions.

China's inland mills could be in market for 300mt seaborne iron ore

Frik Els | October 15, 2014
China's inland mills could be in market for 300mt seaborne iron ore

New research shows inland Chinese steel mills pay a 35% premium over seaborne benchmark with 210mt of steel capacity potentially looking for alternatives.

Mick Davis has now almost $5 billion to build new mining empire

Cecilia Jamasmie | October 15, 2014
Mick Davis has now almost $5 billion to build new mining empire

The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

Australia, Brazil to control 90% of global iron ore trade by 2020

Cecilia Jamasmie | October 15, 2014
Australia, Brazil to control 90% of global iron ore trade by 2020

Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.

Oyu Tolgoi copper, gold output forecasts slashed

Frik Els | October 14, 2014
Oyu Tolgoi copper, gold output forecasts slashed

Vancouver-based Turquoise Hill blames "delayed mine advancement" at massive Mongolian property.

Court orders Centerra to halt trade of shares owned by Kyrgyz gov't

Cecilia Jamasmie | October 14, 2014
Court orders Centerra to halt trade of shares owned by Kyrgyz gov't

The injunction was sought by Stans Energy.

Ten companies Adrian Day sees as stable in a world that is not

The Gold Report | October 13, 2014
Ten companies Adrian Day sees as stable in a world that is not

Is there any hope on the horizon for the gold funds?

JSW Steel close to acquiring London Mining

Andrew Topf | October 12, 2014
Takeover 333

JSW Steel has almost clinched a deal that would see India's third-largest steel company acquire embattled London Mining (LON:LOND), sources close to the negotiations revealed on Friday.

Cecilia Jamasmie

China's new coal import tax a disaster for Australian miners

Cecilia Jamasmie | October 10, 2014
China's new coal import tax a disaster for Australian miners

The sudden reversion to protectionism is designed to save the local coal industry.

This pink diamond sold for a historic record of $18 million

Cecilia Jamasmie | October 10, 2014
This pink diamond sold for a historic record of $18 million

It has set a world auction record on a per-carat basis for a gem of this colour.

Glencore considered Australia listing: report

Cecilia Jamasmie | October 9, 2014
Glencore considered Australia listing: report

The commodities trader and miner explored a stock-exchange listing Down Under.

Cutifani says tough decisions needed to restore credibility

Cecilia Jamasmie | October 8, 2014
Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

Glencore doesn't give up on Rio Tinto, seeks to create largest mining company

New York Times | October 8, 2014

It’s good to be Ivan Glasenberg’s neighbour.

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