Asia Mining News

Mine closed as more workers exposed to hazardous coal gas

Following the exposure of 25 miners to hazardous gases, Thiess has shut down dangerous sections of the Collinsville coal mine.

Paladin Energy forced to get new CFO as Korte moves to push world-class iron project

Uranium company Paladin Energy Ltd (TSX:PDN)(ASX:PDN) announced it named Alan Rule as its new Chief Financial Officer effective July 23, 2012. He would be replacing the current CFO, Garry Korte, who is joining Roy Hill Holdings, owned by billionaire mining magnate Gina Rinehart.

Once-idled Japanese coal mines back in business

Japan has found a silver lining in the cloud of nuclear plant shutdowns following last year's Fukushima disaster.

3 Chinese nationals die in coal mine fire in Malaysia

Three men, all Chinese nationals, died of suspected smoke inhalation after a fire broke out inside the Lucky Hill coal mine in Abok, near Pantu, about 80 km from Sri Aman.

Indonesia puts on hold talks to impose an export tax for coal

Reuters reported that Indonesia, a major global producer of raw materials, has put on hold talks to impose an export tax for coal and base metals, but still expects to introduce the charge later in 2012.

Protest against iron ore operation of Vale in Malaysia

About 100 members of Jaringan Aktivis Alam Sekitar Perak JAASP, an environmental non governmental organization, staged a demonstration against the operation of an iron ore processing company, Vale SA, in Teluk Rubiah, Seri Manjung near here.

C'mon Obama: Let's mine more minerals in the US

The United States should take a cue from Canada when it comes to speeding up the environmental approval of mining and energy projects.

Australia: Future Fund leader launches missile at carbon, mining taxes

David Murray, the man charged with running the Future Fund for the past six years has used his last day in the job to lambast the carbon tax, labelling it the "worst" economic initiative he has seen.

Uranium market stable despite Japan’s pending decision on nuclear reactors

Long term uranium market fundamentals remain strong, despite worries over what Japan will do with 53 of its 54 nuclear reactors, which are currently rest shut down for maintenance or safety reviews, says Australian research group, Resource Capital Research (RCR).

Rio Tinto follows Vale and joins Chinese iron ore trading platform

The move will allow the London-listed miner to sell non-contracted iron ore directly into China through the electronic trading platform.

Zijin Mining looking to Asia for more gold, copper assets

Chinese copper-gold giant Zijin Mining Group is on the move again with plans for more acquisitions.

Aussie mining boom is 'first taste of Asia's rise'

Australia's mining boom is just the "first taste" of Asia's ascendancy, Treasurer Wayne Swan said yesterday, with the region's new prosperity expected to transform the global economy.

Political pressure, jeweller strike force India to review tax proposals

The Indian government has said it will review the tax on unbranded gold proposed in the latest union budget bust said there would be no backing down from the increase in import duties

Japan urges dialogue with China on rare earths

Japan, the world’s main importer of rare earths, has requested international assistance for alternatives, conservation, diversification and recycling and to continue dialogue with China to secure stable global supply

Third diamond drill rig deployed by Angkor Gold in Cambodia

Canadian-based Angkor Gold Corp. (TSXV: ANK) announced today it has deployed a three diamond drill at its Katieng prospect. Drilling is set to commence on geochemical targets at the property. After Angkor completes the Katieng program, the rig will be moved to either its Kunmum prospect or Oyadao tenement.

India's import duty stifles diamond "round tripping"

India's polished diamond trade saw a sharp decline in February following the imposition of a2% import duty by the Indian government on polished diamond imports on January 17, 2012.

Centerra Gold posts revised 2012 production forecast for Kumtor Mine

Canada-based gold producer Centerra Gold Inc. (TSX:CG) announced today that increased ice movement in the southeast section of the pit will delay scheduled access to the high grade SB zone. Preliminary engineering analysis now indicates production of 390,000 to 410,000 ounces of gold in 2012 at its Kumtor mine, rather than between 575,000 and 625,000 ounces as previously forecast. The revised production profile will continue to be weighted to the fourth quarter.

Canadian Nordion accused of frustrating efforts to wean the world off nuclear weapons-grade uranium

Canadian health products provider Nordion was the target of criticism at a major nuclear security summit in South Korea due to the company’s deal with Russia that entitles it to sell medical isotopes made with weapons-grade uranium for the next eight years.

Report rejects Chinese takeovers as threat to Canada

Most Chinese takeovers in the resource sector do not pose a threat to national security, says the author of a new report on Chinese investment in Canada.

Nickel mining in Philippines: provincial governor to be charged with murder of anti-mining activist

In January last year local radio broadcaster Gerry Ortega, who fought hard for a ban on mining on Palawan was slain and now the Philippines' Department of Justice asked for murder charges to be filed against former Palawan Governor Joel Reyes and four others in connection with his death.

Japan looks to Canada as new source of natural gas

Japan and Canada have formally agreed to launch negotiations on a bilateral free trade agreement (FTA) to eliminate import tariffs on most products and cooperate on developing energy resources, including natural gas and minerals, reports Platts.

Nautilus Minerals shares on the rise after solid year end results

Nautilus Minerals Inc. shares were up almost 24% this morning (TSX:NUS), after the company released solid year end results with, narrowing its full-year loss in 2011 to US$34 million.

Win some lose some: Gold Fields delving deeper into Philippines, suspends drilling in Mali

Nick Holland of CEO Gold Fields said on Monday the company has plonked $63 million on a second gold-copper project in the Philippines. The globe's fourth-largest gold miner also announced it is suspending drilling in Mali, Africa's third largest gold producer following a military coup.

Canadian Monument busts gold thieving at its Malaysian Selinsing mine

Canadian-based gold producer Monument Mining Limited (TSX-V: MMY) informed it busted a gold stealing syndicate at the Selinsing Gold Mine in Malaysia.

HSBC hires Simon Francis to head metals and mining research

HSBC has hired three analysts from Samsung Securities, including industry veteran Simon Francis, to expand its metals and mining research team, as the global bank seeks to develop its research coverage across high-growth sectors.