Asia Mining News

Low production of rough diamonds alarms India

The latest figures by Kimberley Process Certification Scheme (KPCS), international diamond regulators on the global diamond production, have set the alarm bells ringing in the world's biggest diamond cutting and polishing centre in Surat, India.

Australian Lynas to shut down Malaysian opponents with lawsuit

Australian rare earths miner Lynas Corporation (ASX:LYC), has filed a defamation action against Malaysian protestors and opponents over their criticism of the company's rare earth plant (LAMP), which will process ores shipped from Western Australia.

Sun Metals to maintain zinc deliveries despite supplier collapse

The Australian miner, a subsidiary of Korea Zinc, said Tuesday its Zinc output target was still achievable despite the collapse of key supplier Kagara Ltd

Imports likely down 30% as gold hits all-time rupee high

Indian gold imports are likely to plummet this year as a crashing currency and new taxes send domestic gold prices soaring.

Chinese firm has plans to revive Uganda's Kilembe copper/cobalt mine

Gingko Energy Company plans to spend $100 million over five years to revive production at the Kilembe copper/cobalt mine, which was abandoned in the early 1980s due to political turmoil.

Mongolia's mine law change unlikely to be retroactive – minister

Vice finance minister, Chuluun Ganhuyag, says the proposed new law will only apply to investment in certain deposits, but the list will go beyond the country's current list of strategic assets.

Japanese joining Indians, Chinese as major gold buyers

According to Michael Lombardi, lead contributor to Profit Confidential, there is mounting evidence of large amounts of buying in the gold market by India, China and now, Japan.

S Korea to pursue energy and infrastructure projects worth USD 11.1 billion in Venezuela

Yonhap reported that South Korea will pursue 5 energy and infrastructure development projects in Venezuela worth USD 11.1 billion that could open new business opportunities for local companies in the South American country.

20.5% surge in Japan's diamond imports

With the exception of a minute decline in January, polished diamonds imports by Japan completed a yearlong rise in March.

Social responsibility in mining is basic risk management, not feel-good projects

Corporate Social Responsibility initiatives by mining companies operating in emerging markets in South America, Africa and Asia have become a crucial part of doing business as “above-ground risks are quickly gaining equal footing to traditional geological and engineering considerations for mining projects.”

Indian consortium among firms shortlisted for Afghan copper, gold assets

A consortium of Indian firms is among 25 companies shortlisted to invest in new copper and gold deposits in Afghanistan.

Four victims found dead after coal mine landslide

Four of five missing people who were buried under a landslide in northern Thai Nguyen Province's Dai Tu District were found yesterday after a nine-day search.

SGS awarded operational contract for Oyu Tolgoi on-site laboratory in Mongolia

SGS has been awarded the operational contract for the on-site laboratory at the Oyu Tolgoi mine in the Southern Gobi Region of Mongolia. This 3 year operational contract was awarded to SGS at the end of 2011.

Australian miners face depression and anxiety

Australian health professionals say depression, anxiety, and stress are hidden in workers on most mines and companies should spend more on protecting mental health.

When $18 billion is not enough. Rinehart sues Rio Tinto for more iron royalties

Billionaire Australian Gina Rinehart, is taking Rio Tinto to court, demanding the world's third largest miner pay her 2.5% of the income streams from iron ore production at the Channar and Eastern Ranges mines on top of the royalties from three other Pilbara properties she is already receiving.

South Korean group exits $324 million deal with Cockatoo Coal

A South Korean conglomerate has cited global economic uncertain as a key reason for pulling out of a US$324 million deal with Australia-based Cockatoo Coal.

Policy maker behind Indonesia's 25-percent mining tax dies while mountain climbing

The key policy maker behind a drive to impose a 25% tax on Indonesia's mining exports passed away unexpectedly on Saturday.

Anti-coal protesters in China attack officials with sickles and clubs

The Associated Press reports that villagers in China protesting against mining turned violent and in the ensuing melee one police officer died. The Lijiang city government in Yunnan province said late Friday that the violence […]

All aboard the Chinese iron express: BHP joins Rio Tinto and Vale in new trading platform

Diversified miner BHP Billiton (NYSE:RIO) today became the third iron giant to join the new China Beijing Metals Exchange (CBMX), only a few days after competitors Vale (NYSE:VALE) and Rio Tinto (NYSE:RIO) did the same.

Honda would like those rare earth metals back

In another attempt to reduce its dependence on China's strangehold on rare earth element supply, Honda announced that its dealers will start to recycle old cars to extract the rare earth metals from the nickel-metal hydride batteries.

Not at the top: rare earth ranks fifth for supply risk

In a supply risk index of chemical elements that are of economic value, four elements placed ahead of rare earth.

Indonesian export ban to make many nickel mines viable again

Anton Berlin, head of marketing for Norilsk, says if prices rise above $20,000 a tonne on the back of Indonesia’s proposed ban on the export of ore, many idled mines can re-open.

Mongolia’s ‘ninja miners’ help sate China’s lust for gold

In a hot, concrete hut filled with acetylene fumes, an elderly Mongolian miner struggles to contain her excitement as she plucks a sizzling inch-long nugget of gold from a grubby cooling pot and raises it to the light.

Brazil's aluminum output went up 3.7% in March

Brazil's aluminum output in March went up 3.7% to 125,000 tonnes, according to the national aluminum association, Abal.

Copper prices will hit bottom before rising in latter part of 2012

Copper prices will continue dipping but only until the middle of this year, at which point they should start rising again, according to the latest Thomson Reuters’ GFMS Copper Survey and members of the industry.