Asia Mining News

Bumi spurns Rothschild's proposal in business clash with Bakries

Embattled Indonesian miner Bumi has decided to toss its lot in with the prominent Sumatran business dynasty

Xstrata puts off $5.9bn mine in Philippines until 2019

Swiss miner Xstrata (LON:XTA) is delaying the commercial production of its $5.9 billion Tampakan copper-gold project in the Philippines to 2019, Sagittarius Mines Inc, the firm's local unit, said Wednesday.

Ancient plant dye used to make eco-friendly biomass batteries

Ancient plant dye acts as outstanding organic electrode

Fresh crisis at Lynas

Won't be allowed to treat waste in Malaysia. Shares suspended.

Rio Tinto and Anglo sell Palabora to Chinese group

Mining giants Rio Tinto and Anglo American are selling a 74.5% shareholding in the South African copper company Palabora Mining to a consortium of Chinese and South African firms, in a deal valued at about $611 million.

Glencore-Xstrata deal hits South African snag

Glencore has extended the deadline to complete takeover of Xstrata (LON:XTA) by a month after South African power utility Eskom expressed worries about its coal supplies.

Nautilus rockets 27% as investors speculate on what's next for seabed mining

Work off PNG has stopped, but international waters beckon.

NALCO could call off Indonesia project over approval delays

National Aluminium Company could put a halt to its planned aluminium smelter and captive power plant project in Indonesia should it manage to get clearances and coal linkages for a similar project in Odisha.

Resource nationalism is miners' number one fear and major threat to global security — report

Resource nationalism is one of the main causes of the current commodity prices instability and it is threatening global security, warns London-based Chatham House in its latest report.

Central bank buying on course

There has been an announcement from the Bank of Korea that it bought 14 tonnes of gold during the month of November but that has so far been the only Central Bank to declare purchases for last month.

Copper, lead strengthen on industrial demand

Copper and lead strengthened by Rs 3 each per kg on the local non-ferrous metals market today on increased demand from consuming industries.

Afghanistan grants key copper and gold permits

The government of Afghanistan announced Friday its preferred bidders for three of its four current mineral tenders, with a consortium backed by City of London banker Ian Hannam, former BHP Billiton CEO Chip Goodyear and Poland’s multibillionaire Jan Kulczyk, emerging as the biggest winner.

China lifts outlook for mining sector in 2013 with accelerated infrastructure spending

Chinese economy to recover via investment in infrastructure and property

Global mining sector shows mild improvement as key activity index hits six month peak

Aggregate market cap also reaches highest point since April

Investors simply hate Freeport's $20bn oil-gas buy

Stock closes 16% lower – more than 150 million shares dumped.

Precious metal prices to remain under pressure

Gold and silver prices will remain under pressure says broker and research company Nirmal Bang.

Former mining minister in Kyrgyzstan arrested for embezzlement

Kyrgyzstan is one of the world's worst mining jurisdictions

De Beers: global diamond sales grew only 4% in 2012

India bought less than in 2011, while rate of growth in China was cut in half.

Ferguson, Newman set to finalise Indian coal deal

Australian officials are in India to formalise a deal for the largest and most comprehensive coal mining exploration program undertaken in Australia.

Mongolia enjoys a new mining wealth but at what cost?

Massive Oyu Tolgoi copper and gold mine only tells part of the story of mining in Mongolia.

Newcrest sells 7.5% stake in Indonesian gold mine to PT Antam

Newcrest Mining announced the sale of its 7.5% stake in Indonesia's Gosowong gold mine to PT Antam for $160 million.

Lynas gets Malaysian rare earths plant going

After months of polemic and legal battles, Australian rare earths miner Lynas (ASX:LYC) has finally begun production at its Malaysian processing plant following a recent court triumph.

India's crack down on illegal mining is a $15 billion blessing for overseas iron ore producers

Diversified giants pick up the slack in East Asia

India's gold demand to drop 19% in 2012

The World Gold Council (WGC) expects India’s total demand for the yellow shiny metal in 2012 to be nearly 19% lower in 2012 than last year, mainly due to low consumption during first two quarters.

China resubmits deal to acquire Canada’s Nexen to US regulator

In an unusual move, Chinese state-owned CNOOC and Canada’s Nexen Inc. (NYSE,TSX:NXY) have resubmitted notice of their potential deal to US regulators, which will reset the clock on Washington’s approval for the $15 billion energy deal.