Asia Mining News

Australia and India to start talks on uranium sales

Government representatives will meet in March.

India hikes import tax on gold by 50%

The country raised the import tax on gold to from 4% to 6% on Monday, with the aim to curb purchases and rein in its ballooning current account deficit.

New mercury treaty leaves artisanal gold miners in limbo

Artisanal gold mining, the largest source of global mercury pollution in small-scale operations, is the only source of income for as many as 15 million people in 70 countries, mostly poor ones.

South Africa to announce decision on Glencore–Xstrata on Tuesday

South Africa's Competition Tribunal will publish its official decision on the proposed Glencore-Xstrata merger tomorrow.

S.Africa replaces India as China's No 3 iron ore supplier

South Africa overtook India to become China's third-biggest iron ore supplier in 2012, while Australia strengthened its dominant position as the major supplier to Beijing, data from customs showed on Monday.

Mongolia stops coking coal exports to China in pricing scrap

Tavan Tolgoi's high-quality coal is being sold to cheaply says CEO.

Raking over the Rio coals

A round up of commentary on the CEO switch.

'Having the balls' to grab Oyu Tolgoi said to be Albanese's greatest achievement

That and fighting off BHP's advances.

STATS: China's fixed investment in mining is putting the rest of the world to shame

Mining capex was up 12% to $211 billion last year.

World's biggest wind farm will be built near Fukushima nuclear power plant

Project completion is expected by 2020

Glencore and Xstrata postpone final merger date, but get Eskom’s support

Eskom's announcement removes one of the last few hurdles in the two companies' quest to create the world's fourth-biggest diversified miner.

CHART: The resource boom ended in 2011 already

And why it's great for stocks.

Poor decisions force Rio Tinto’s CEO departure, leaves the group with $14bn charge

The giant miner will take about $14 billion of writedowns for failed deals in aluminum and coal led by Tom Albanese.

IIROC: Resume, Angkor Gold Corp.

Angkor is engaged in the identification and exploration of early-stage gold and base metal properties.

Gold prices to peak in 2013: GFMS survey

Bullion prices will average an all-time high in the first half of 2013, says Thomson Reuters.

Mongolia: Fast growing economy, evolving investment climate

High economic growth driven by Ming activity Mongolia, entirely flanked to the north and south by Russia and China, is the most sparsely populated country in the world. However, the country has vast natural resources […]

Worries mount over draconian Mongolian mining bill

"The impact of the draft law on the minerals industry will be to halt current minerals exploration and development in Mongolia and greatly discourage any future investment."

Encanto Potash close to $700m/year Indian deal

Things are moving in the junior otash sector in Canada.

China set to make biggest ever contribution to global growth in 2014

HSBC says the Middle Kingdom is replacing the United States and Europe as the driving force behind the world economy

PNG deposes Aussie chairman of Ok Tedi Mining via entry ban

Prime Minister O'Neill declare Ok Tedi chairman banned from PNG until BHP surrenders cedes assets to government.

Panamax coal freight rates slip on vessel oversupply despite fixtures

Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week stable to slightly lower on Friday, amid a pick up in fixture activity

Illegal coal seized in Hazaribag

Police on Saturday seized nine truckloads of steam coal, in one of the biggest raids on illegal miners, near the Tati Jharia police station on NH-100, about 30 km from here, said SP Manoj Kaushik.

Sebon barred from introducing commodities, derivatives regulation

The initiative taken by the Securities Board of Nepal (Sebon) to introduce a law to regulate commodities and derivatives markets has fizzled out for now, as the Ministry of Law and Justice has said the platform used by the securities market regulator to bring in the regulation was not appropriate.

Argyle’s rare pink diamonds captivate audiences in India’s Pink City

Rio Tinto’s iconic Argyle pink diamonds are the focus of celebrations in Jaipur, capital of the Indian state of Rajasthan.