Asia Mining News

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.

Cambodia, once secret, is now open for business: Richard Stanger

Resource investors are always looking for the next untapped region and Richard Stanger thinks he has found it.

Indonesia readies ban on unprocessed metal-ore shipments

Indonesia, Southeast Asia’s largest economy, will proceed with a plan to ban exports of unprocessed metal ores including bauxite from next month, while confirming an exemption for producers that intend to treat output locally.

Australian miners seek business opportunities in Colombia

The mining boom that Colombia is experiencing has driven a group of Australian firms to visit the South American country and explore what the country has to offer in terms of mining for foreign investors.

Legendary mining financier Robert Friedland quits Ivanhoe in Rio Tinto shake-up

Anglo-Australian mining giant Rio Tinto tightened its grip on Ivanhoe Mines as part of a $3.3 billion financing deal announced this morning, leading to the resignation of chief executive and founder Robert Friedland.

Lynas putting Malaysian opposition to its operations behind it: analysts

Australian analysts from Foster Stockbroking say confidence in rare earths miner Lynas Corporation (ASX:LYC) is returning after the Malaysian High Court dismissed an appeal against the company's Advanced Materials Plant (LAMP).

Freeport McMoRan ripe for takeout, analysts say

Freeport McMoran Copper & Gold is currently valued so low that it is an excellent target for a takeover, according to media reports today.

Mongolian government tells SouthGobi Resources to stop mining

Three weeks after SouthGobi Resources' $925 million deal with Chalco, the Government of Mongolia told SouthGobi that it had to suspend exploration and mining activity on certain licenses.

Pele Mountain waves gold goodbye to focus on rare earths and uranium

Canadian rare earth explorer Pele Mountain Resources Inc. (TSX-V:GEM)(OTCQX:GOLDF) announced today that it has entered into a binding agreement to sell its Highland Gold projects to a wholly owned subsidiary of Prodigy Gold Inc. (TSX-V:PDG) for US$1.8 million.

BHP Billiton to start work on its Port Hedland outer harbour this week

BHP Billiton will begin working on its ambitious Port Hedland outer harbour project this Friday, the first step of Western Australia’s biggest dredging plan, which it will cost the miner at least $10 billion.

Anglo American and Xstrata among four companies accused of environmental violations in Australia

Anglo American (LON:AAL) and Xstrata (LON:XTA) coal mines are among the four operations being investigated over probable environmental violations, after they were accused of discharging contaminated water into the Fitzroy River, located in the North East state of Queensland, Australia.