Asia Mining News

President: "Time has come for Mongolia to take Oyu Tolgoi matters into its own hands”

Mongolian president Elbegdorj delivers stinging rebuke to 'irresponsible' Rio over Oyu Tolgoi's runaway costs of $24bn.

Jumping exports give silver impetus in India

To gold starved Indian consumers, silver has taken on a brighter hue at home, but it remains the silver export sector that is leading the charge.

Iron Ore Exports at 2.6m Tons

Iran exported over 2.6 tons of granulated iron ore during August 20, 2011-January 19-2013, Iran Minerals Production & Supply Company announced.

Top 10 trends facing the mining industry

VIDEO: Deloitte's fifth annual global mining report on pressing issues and practical solutions to problems.

Potash Corp's profits plunge on dwindling Asian demand

Potash Corp. of Saskatchewan (TSE:POT) has logged a stunning 38% decline in Q4 profits due to dwindling demand from core Asian export markets India and China.

Report: Polyus putting 4 deposits containing 28m oz up for sale

Russian gold miner may get around $2.2 billion for the properties.

Report: Big changes coming to Kazakh mining

More stringent environmental enforcement and a shift of resources to regions.

Siberian family found by Soviet mining team after four decades of total isolation

A remarkable saga of survival in the remote Siberian wilderness has recently resurfaced, concerning the discovery by Soviet mining scientists of a family who had spent four decades of their lives in complete isolation from the outside world.

Rothschild-Bakrie mess makes London bourse look 'second-rate', fit only for 'speculative mining plays'

The saga has tarnished the Rothschild and Bakrie dynasties, but the LSE deserves much of the blame.

Rio threatens to halt work at Oyu Tolgoi over Mongolia's demands for bigger stake

The giant copper-gold mine is one of the richest prizes in mining and the Mongolian government has long coveted more of it.

Interest rate hike could trigger global meltdown: Kaye

Renowned hedge fund manager William Kaye says the world faces the prospect of another financial crisis should interest rates be increased and debt burdens be rendered unserviceable.

Iran denies reports of uranium enrichment explosion

Iran has denied reports of an explosion at its uranium enrichment facilities near the city of Qom in the country's center-north

Fresh threats to Centerra's Kumtor gold mine in Kyrgyzstan

The Kyrgyz Republic government is once again trying to force Centerra to renegotiate the terms of its mining license for the Kumtor open pit gold mine, the country’s largest foreign investment.

Exotic travel and lots of money: commodity trader for a major miner lists business perks

A social media user who claims being a commodities trader at giant Glencore (LON:GLEN) opened up a forum on Reddit on Sunday in which he answered lots of questions about what it's like to work at the big firm.

China seeks to expand into Iranian mining sector

A senior Chinese official has flagged Beijing's strong interest in Iranian resources.

Machine part discovered in 300 million-year old lump of coal

A metal implement which appears to be the toothed rail of a gear shift has been found in a lump of coal around 300 million years in age

"Peak Oil" impacting Norwegian and Saudi 2013 production?

While it is hard to ramp up much sympathy for petro-states, Norway and Saudi Arabia are both facing a murky 2013 as domestic production falls, pushing both nations towards some difficult (and expensive) choices.

Centerra Gold responds to rumours of Kumtor’s mine licence cancellation

Local media reported that Kyrgyzstan minister of economy, Temir Sariyev, implied that Centerra would have its permit revoked and a new company would continue to extract gold from Kumtor.

Problems at the world's largest coking coal mine escalate

Mongolia is planning to cancel China coal-supply contract, and has delayed Tavan Tolgoi's IPO.

Jamaica gives the green light to rare earth feasibility study

The mining of rare earth minerals in the Caribbean nation of Jamaica has come a step closer after its government gave the go-ahead to the feasibility study for a proposed extraction project

Big 4's massive new iron ore supply cutting juniors off at the knees

Projects by smaller players won't survive the double digit prices that are coming soon.

Kirkuk poised for conflict, BP enters fray

This is the deal that could tip tensions toward out-right conflict between the Iraqi Kurds and the Iraqi central government.

BHP axes coal costs, fuels aluminum writedown speculation

In its half-year production update, BHP highlighted challenges faced by its aluminum and nickel businesses.

India strives to undermine its gold bugs

India's finance minister has called for the South Asian giant to curb its external purchases of bullion in order to balance the country's current account and improve resource allocation.

Gold bumped higher by Japanese stimulus commitment

Gold edged higher in Tuesday trading following the Bank of Japan's announcement that it would implement in stimulus measures to boost the country's stagnant economy