Asia Mining News

Worries mount over draconian Mongolian mining bill

"The impact of the draft law on the minerals industry will be to halt current minerals exploration and development in Mongolia and greatly discourage any future investment."

Encanto Potash close to $700m/year Indian deal

Things are moving in the junior otash sector in Canada.

China set to make biggest ever contribution to global growth in 2014

HSBC says the Middle Kingdom is replacing the United States and Europe as the driving force behind the world economy

PNG deposes Aussie chairman of Ok Tedi Mining via entry ban

Prime Minister O'Neill declare Ok Tedi chairman banned from PNG until BHP surrenders cedes assets to government.

Panamax coal freight rates slip on vessel oversupply despite fixtures

Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week stable to slightly lower on Friday, amid a pick up in fixture activity

Illegal coal seized in Hazaribag

Police on Saturday seized nine truckloads of steam coal, in one of the biggest raids on illegal miners, near the Tati Jharia police station on NH-100, about 30 km from here, said SP Manoj Kaushik.

Sebon barred from introducing commodities, derivatives regulation

The initiative taken by the Securities Board of Nepal (Sebon) to introduce a law to regulate commodities and derivatives markets has fizzled out for now, as the Ministry of Law and Justice has said the platform used by the securities market regulator to bring in the regulation was not appropriate.

Argyle’s rare pink diamonds captivate audiences in India’s Pink City

Rio Tinto’s iconic Argyle pink diamonds are the focus of celebrations in Jaipur, capital of the Indian state of Rajasthan.

Potash prices dive in 2012 on faltering demand from Asian farms

China and India resort to alternatives following 10-fold rise in potash prices last decade

Potash junior shoots up after inking Indian deal

Karnalyte wants to be independent Saskatchewan player.

Canada Lithium Signs Off-take Agreement with Marubeni for up to 5,000 tonnes per year of Lithium Carbonate

It has signed a three-year distributorship agreement with Marubeni Corporation, one of Japan's largest commodities trading companies.

Japan to scour the bottom of the Pacific for rare earth deposits

Scientists from Japan plan to search the floor of the Pacific Ocean for rare earth deposits in bid to reduce the nation's dependence on China for the key industrial materials

Miners warned about Myanmar, Tajikistan and Bolivia investments

These aren't the only countries facing creeping nationalization

Chinese miners hunt for gold overseas on expectations of bullion price gains

Tianjin China Mining Conference highlights overseas acquisitions rush

Nautilus Minerals receives unsolicited bid

Nautilus says it has had no contact with Bailey and is seeking more information about the bid.

China sets eyes on thorium for 'clean' nuclear power generation

if they manage to crack thorium, the world will need less oil, coal, and gas than feared.

Exploration must eradicate poverty in India

Natural resources are underutilized and could provide more opportunities

Lynas finally fires up Malaysian plant, ignites REE stocks

Australian miner rockets 14% after saying first commercial rare earths available within weeks. Molycorp et al surge in sympathy.

New dating tip: wear this $250,000 gold shirt

Wealthy 32-year-old Indian man expects to dazzled the ladies.

Half of Iran's post-sanction oil exports headed for China

Four leading Asian economies currently account for almost of Iran's exports of oil

South Korea turns to Japan to reduce rare earth reliance on China

Imports of rare earth minerals from China plunged in 2012, while Japan-sourced supplies more than tripled

Australians want to put the brakes on foreign ownership of mining interests

New survey reveals significant anti-foreign sentiment

Coal seam gas production balloons in Asia

Unconventional gas is becoming increasingly popular across the Asia-Pacific, as demand for natural gas grows throughout the region’s major industrialized nations.

Rogue trade: Things just got a whole lot worse for Rothschild-Bakrie venture

Embattled Bumi Resources swings into $652 million loss after derivative trade goes wrong.

India and Brazil to replace China as main drivers of resources demand: report

A second wave of raw materials demand from India and Brazil will support the global mining industry says global accountancy firm KPMG