Asia Mining News

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.

5 amazing global consumer trends

According to the latest survey from the Consumer Electronic Association, about 60 percent of adults plan to shop in stores or online during the holiday weekend, with the average person indicating they’ll fork over $218 for gifts and merchandise from Thanksgiving through Cyber Monday.

High River acknowledges extension of offer by Nord Gold; board confirms recommendation that shareholders accept Nord Gold's offer

The board of directors of High River (with those directors who are nominees of Nordgold abstaining), have unanimously recommended that High River shareholders accept the offer.

Australia must tackle lack of competitiveness — Rio Tinto

The giant miner says Australia might miss the “Asian century” boat unless its tackles serious shortcomings, such as competitiveness, productivity, infrastructure investments and foreign capital attraction.

Gold demand keeps soaring in India

According to the World Gold Council (WGC), India's net gold imports for domestic consumption is expected to be about 800 tonne this year.

Indonesia’s tin mining brings more problems than wealth: report

Tin mining is a profitable but damaging trade that has scarred the Indonesian island of Bangka, a granite outcrop just east of Sumatra, reports English newspaper The Guardian.

Gold scales all-time high of $583/10g in India

Gold prices on Saturday hit a new all-time high in the spot market in Mumbai, India, closing at $583 (Rs 32,340) for 10g, up by Rs 190 from Friday.

VIDEO: Energy storage will be a trillion dollar industry: American Vanadium

China plans to build storage for 5% of its energy by 2021

The red queen syndrome

All through human evolution we have been harnessing increasingly effective forms of energy. From human power to horse power, to wood, coal, natural gas and uranium what we’ve been doing is searching for the highest energy density to make energy production more efficient.

Central bank: 95% of mined Philippines gold is smuggled out

After the government started enforcing a 7% tax on precious metals, most small-scale producers started selling to smugglers.

Robert Friedland joins Rothschild-Bakrie fight over Indonesia coal mines

Nat Rothschild is roping in mining legend Robert Friedland to wrest control of London-listed Bumi from Indonesia's Bakrie dynasty.

Chinese gang caught selling fake gold jewellery to Shanghai pawn shops

Members of a Chinese band that sold silver jewellery covered in a thin layer of gold in Shanghai, causing eight local pawn shops lose about $4.2 billion, were charged Wednesday with contract fraud.