Embattled Indonesian miner Bumi has decided to toss its lot in with the prominent Sumatran business dynasty
Asia Mining News
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 acts as outstanding organic electrode
Won't be allowed to treat waste in Malaysia. Shares suspended.
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 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.
Work off PNG has stopped, but international waters beckon.
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 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.
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 and lead strengthened by Rs 3 each per kg on the local non-ferrous metals market today on increased demand from consuming industries.
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.
Chinese economy to recover via investment in infrastructure and property
Aggregate market cap also reaches highest point since April
Stock closes 16% lower – more than 150 million shares dumped.
Gold and silver prices will remain under pressure says broker and research company Nirmal Bang.
Kyrgyzstan is one of the world's worst mining jurisdictions
India bought less than in 2011, while rate of growth in China was cut in half.
Australian officials are in India to formalise a deal for the largest and most comprehensive coal mining exploration program undertaken in Australia.
Massive Oyu Tolgoi copper and gold mine only tells part of the story of mining in Mongolia.
Newcrest Mining announced the sale of its 7.5% stake in Indonesia's Gosowong gold mine to PT Antam for $160 million.
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.
Diversified giants pick up the slack in East Asia
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.
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.