Asia Mining News

Aussie mining boom is 'first taste of Asia's rise'

Australia's mining boom is just the "first taste" of Asia's ascendancy, Treasurer Wayne Swan said yesterday, with the region's new prosperity expected to transform the global economy.

Political pressure, jeweller strike force India to review tax proposals

The Indian government has said it will review the tax on unbranded gold proposed in the latest union budget bust said there would be no backing down from the increase in import duties

Japan urges dialogue with China on rare earths

Japan, the world’s main importer of rare earths, has requested international assistance for alternatives, conservation, diversification and recycling and to continue dialogue with China to secure stable global supply

Third diamond drill rig deployed by Angkor Gold in Cambodia

Canadian-based Angkor Gold Corp. (TSXV: ANK) announced today it has deployed a three diamond drill at its Katieng prospect. Drilling is set to commence on geochemical targets at the property. After Angkor completes the Katieng program, the rig will be moved to either its Kunmum prospect or Oyadao tenement.

India's import duty stifles diamond "round tripping"

India's polished diamond trade saw a sharp decline in February following the imposition of a2% import duty by the Indian government on polished diamond imports on January 17, 2012.

Centerra Gold posts revised 2012 production forecast for Kumtor Mine

Canada-based gold producer Centerra Gold Inc. (TSX:CG) announced today that increased ice movement in the southeast section of the pit will delay scheduled access to the high grade SB zone. Preliminary engineering analysis now indicates production of 390,000 to 410,000 ounces of gold in 2012 at its Kumtor mine, rather than between 575,000 and 625,000 ounces as previously forecast. The revised production profile will continue to be weighted to the fourth quarter.

Canadian Nordion accused of frustrating efforts to wean the world off nuclear weapons-grade uranium

Canadian health products provider Nordion was the target of criticism at a major nuclear security summit in South Korea due to the company’s deal with Russia that entitles it to sell medical isotopes made with weapons-grade uranium for the next eight years.

Report rejects Chinese takeovers as threat to Canada

Most Chinese takeovers in the resource sector do not pose a threat to national security, says the author of a new report on Chinese investment in Canada.

Nickel mining in Philippines: provincial governor to be charged with murder of anti-mining activist

In January last year local radio broadcaster Gerry Ortega, who fought hard for a ban on mining on Palawan was slain and now the Philippines' Department of Justice asked for murder charges to be filed against former Palawan Governor Joel Reyes and four others in connection with his death.

Japan looks to Canada as new source of natural gas

Japan and Canada have formally agreed to launch negotiations on a bilateral free trade agreement (FTA) to eliminate import tariffs on most products and cooperate on developing energy resources, including natural gas and minerals, reports Platts.

Nautilus Minerals shares on the rise after solid year end results

Nautilus Minerals Inc. shares were up almost 24% this morning (TSX:NUS), after the company released solid year end results with, narrowing its full-year loss in 2011 to US$34 million.

Win some lose some: Gold Fields delving deeper into Philippines, suspends drilling in Mali

Nick Holland of CEO Gold Fields said on Monday the company has plonked $63 million on a second gold-copper project in the Philippines. The globe's fourth-largest gold miner also announced it is suspending drilling in Mali, Africa's third largest gold producer following a military coup.

Canadian Monument busts gold thieving at its Malaysian Selinsing mine

Canadian-based gold producer Monument Mining Limited (TSX-V: MMY) informed it busted a gold stealing syndicate at the Selinsing Gold Mine in Malaysia.

HSBC hires Simon Francis to head metals and mining research

HSBC has hired three analysts from Samsung Securities, including industry veteran Simon Francis, to expand its metals and mining research team, as the global bank seeks to develop its research coverage across high-growth sectors.

Coal India’s 180 mining projects awaiting nod

As many as 180 proposals of Coal India (CIL) are awaiting forestry clearance from the Centre and state governments, Parliament was informed today.

Wardell Armstrong to lead mining project masterclass at Minex in Astana

A masterclass looking at the whole process of developing a mining project - from initial studies and designs through to operations and management – is being organised and led by Wardell Armstrong International at this year’s Minex forum from 17 to 19 April in Astana, Kazakhstan.

Aquila and Vale take a break on coal sales dispute

A legal clash between Brazilian mining giant Vale (NYX:VALE) and Australia's Aquila Resources (ASX: AQA) has taken a step towards resolution this morning after the companies announced they’ve reached an agreement on coal shipments from their co-owned Isaac Plains mine in Queensland.

Australia, Canada, Chile, Brazil and Mexico the top five mining projects’ destinations

In its annual ranking of countries in terms of political risks for mining investment, the mineral industry advisory firm Behre Dolbear, has ranked Australia, Canada, Chile, Brazil and Mexico as the top five nations in which to locate mining projects.

Aussie miners find Latin love

Australian miners are setting up in remote outback areas in a land enjoying a resources boom - Chile.

China on the prowl for mining investments in Africa, S.America and Asia

Chinese investors are turning their focus to emerging economies as they look to expand their demand for commodities and switching away from Australia and Canada, which are getting too expensive.

India wants to truck Afghan ore through Pakistan

India is hoping to bury the hatchet with its historical rival Pakistan, at least enough for both sides to benefit from a massive iron ore deposit in Afghanistan.

India's new tax measures may impact global diamond demand

With diamond jewelry demand booming in India, the phenomenal rise of domestic consumption has somewhat compensated for the decline in diamond jewelry demand in the traditional markets, especially the United States.

India’s polished diamond imports slashed 80% in February

A sharp decline in India’s polished diamond trade in February after an import tax started to be collected. India exported $1.44 billion worth of polished diamonds in February, a 53.7 percent drop compared to February 2011.

No Sri Lanka coal power plants after 2030

There will not be any opportunity in the world to run coal power plants after the year 2030, the Minister of Power and Energy, Patali Cahampika Ranawaka said.

Rio Tinto in Mongolian power struggle

A power solution for one of Rio Tinto's most prospective mines remains elusive, raising doubts over whether plans to be in production within six months can be achieved. T