Asia Mining News

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.

India to auction 54 coal mines

Only three days after India’s auction for the 2G telecom spectrum ended in a fiasco with no bids, the South East Asian country is now talking about selling 54 coal mines.

IMAGE GALLERY: Centerra fights off nationalization in Kyrgyzstan

Will nationalization be a self-perpetuating cycle?

New study paints bleak picture for emerging iron ore producers

The Big Three's share of the seaborne trade has fallen back to 57%, but the trend will reverse as capital dries up for emerging producers.

SouthGobi reports loss as Mongolia mine stays closed

Vancouver-based SouthGobi has posted a quarterly loss and warned operations at its Ovoot Tolgoi coal mine will likely remain suspended in the fourth quarter.

South Africa's Rand Refinery builds gold analysis facility in Singapore

South Africa's Rand Refinery set up a trading office in Singapore 18 months ago and the so-called assaying and sampling facility will be finished by year-end.

South Africa's Rand builds gold analysis facility in Singapore

South Africa's Rand Refinery set up a trading office in Singapore 18 months ago and the so-called assaying and sampling facility will be finished by year-end.

Over 300 kg of gold sold as festive season kicks off in India

Despite gold prices being at the highest in the last three weeks, India’s sales in just one city totalled 300 kg on Sunday, as the country’s festive season of Diwali kicks off.

Rio Tinto’s massive diamond deposit in India brightens up the miner’s future

Just when major miners thought it was better to ditch their diamond divisions, giant Rio Tinto (LON, ASX, NYSE: RIO) says it is looking at the business with renewed enthusiasm, as a deposit the company discovered in India in 2004 has started to bear its shiny fruits.

Fatal earthquake collapses gold mine in northern Myanmar

A 6.8-magnitude earthquake hit northern Myanmar on Sunday, collapsing a gold mine, a bridge, damaging several old Buddhist pagodas and leaving as many as 12 people feared dead.

SEC rules against resource firms over Dodd-Frank

Oil, gas and mining companies' request to have transparency rules put on hold under 2010 financial reform act has been rejected.

Lynas looking to raise AUD 200 million to launch LAMP operations

Lynas Corp. plans to raise up to AUD 200 million (USD 208 million) in order to help fund the start-up of operations at its LAMP site in Malaysia.

Historic Archduke Joseph diamond may reach up to $25 million

The Archduke Joseph diamond, one of the world's most famous and rarest gems from Europe's aristocracy, is expected to reach up to $25 million when it goes under Christie’s hammer on Tuesday.

Canada may change entire temporary foreign worker program over Chinese miners controversy

Accusations of Chinese miners being dubiously brought into the Canadian province of British Columbia to work in coal mines has prompted the federal government not only to investigate the issue, but to review its entire temporary foreign worker program.

Centerra shares drop despite increasing reserve estimate of major gold project

Centerra Gold (TSX:CG) was trading low on Thursday morning, after the Canadian gold miner reported Wednesday night a $46.8 million quarterly loss due to higher costs and severely lower production at its Kumtor mine in Kyrgyzstan.

Lynas wins battle against activists, gears up to start rare earths production in Malaysia

Australia's Lynas Corp (ASX:LYC) won Thursday the latest of a series of long-dragged legal battles against activists, which took the company to court for allegedly causing major health and environmental damages to the Malaysian population.

Tata Steel disputes $1 billion fine

Tata Steel Ltd. (NSE:TATASTEEL), India’s largest private steelmaker, is contesting a $1 billion for allegedly mining above the limit volumes in the mineral-rich eastern state of Orissa, which —ironically— is one of the South Asian country’s poorest regions.

Molycorp sues contractor for over $45 million

Molycorp Inc. (NYSE:MCP), one of the only non-Chinese producers of rare earths, has sued the engineering company responsible for designing the chemical processes at its troubled Project Phoenix for over $45 million in damages.

Canada to supply India with nuclear energy

After two years fine-tuning details of their nuclear cooperation agreement, Canada and India have finally reached consensus and the countries representatives announced Tuesday a deal that will see Canadian companies ship their uranium to the South Asian nation for nuclear energy.

WTO to decide on China-EU solar power dispute

The ongoing battle over renewable energy between China and the European Union got a lot worse Monday, after Beijing filed a complaint to the World Trade Organization charging the EU with violating rules governing subsidies to its solar-components industry.

B.C. unions go to court over Chinese miners

Two major unions of the Canadian province of British Columbia have applied to have the Federal Court overturn a decision to allow about 200 foreign workers work at HD Mining Ltd.’s planned Murray River underground coal mine near Tumbler Ridge.