Asia Mining News

INFOGRAPHIC: Japan's debt crisis

InformedTrades looks at the economic hole Japan has dug itself, especially since it gave up nuclear energy and started importing energy.

How China drives commodities down

Australia's resources minister, Martin Ferguson, has caused a stir with his assertion that the country's mining boom, one of the biggest drivers of its economic growth, is "over". As he acknowledged, the state of the global economy has depr...

The iron ore conundrum

Earlier this week, the Supreme Court allowed 18 mines to resume operations in Karnataka, partially easing a 16-month ban on iron ore mining because of environmental concerns. The decision should help increase ore supplies to the domestic iron and steel...

IMG wrestles with cons of coal block cancellation

The governments high-level panel looking into the controversial coal block allocations for captive mining has decided against cancelling three...

Gold producer plans IPO once divestmentissue is resolved

JAKARTA: Newmont Nusa Tenggara (NNT), the country's second-biggest gold producer, plans to sell a 10 per cent stake in itself for more than US$500 million (RM1.5 billion) in an initial public offering, once a contentious divestment issue is resolved, i...

Indian state of Goa shuts down iron mines

The 93 mines in India's richest state of Goa, 90 of which are iron ore producers, have been force to halt operations after a government-backed inquiry said they were illegal and didn’t have the basic environmental permits to operate.

Diamond swallowed at exhibition a fake; $13,000 gem still missing

Sri Lanka's diamond-swallowing story took an surprising turn Tuesday as police revealed the 1.5 carat stone gulped by Chou Wan, 32, at a gem show was fake.

Canadian Nordion loses three year dispute with Atomic Energy

Shares of nuclear medicine company Nordion dove close to 40%, down $3.93 at $6.53 in Toronto on Monday.

Afghanistan's trillion-dollar mineral assets imperilled by corruption

Mining companies would give their eye teeth to exploit Afghanistan’s recently discovered $1 trillion of untapped mineral wealth, but analysts warn that corruption, war and lack of infrastructure are likely to keep delaying a mining boom in the country.

Lynas OK to operate controversial rare earths plant in Malaysia

Malaysia's Atomic Energy Licensing Board granted a temporary licence for an initial two-year period under strict safety requirements.

Thousands marched against cyanide use in gold mining

Over 10,000 of environmentalists took the streets of Raub, in the Malaysian state of Pahang on Sunday, to oppose the use of cyanide at the nearby Bukit Koman gold mine, which they claim has been using the chemical compound to the detriment of their health.

Death toll in China mine blast rises to 43

The death toll from a gas explosion at a Chinese coal mine has risen to 43, with three miners still remaining underground.

Athabasca confirms oil sands venture

Athabasca Oil Corp. (TSX:ATH) confirmed Friday that it is in the preliminary stages of establishing a joint venture for two of its Alberta oil sands assets, but it declined to identify its partner.

India looks for rare earths under the sea

India is already building a rare-earth mineral processing plant in the east coast state of Orissa and will invest $135 million in a new exploration ship and the refurbishing of another vessel to mine minerals under its oceans.

Iron ore freefall catches miners

Iron ore prices hit the lowest level since November 2009 on Tuesday as the commodity crashed 4.6% closing at $94.80. The dive proved a drag for producers of the commodity, particularly companies investing heavily to expand their production capacity.

Chinese acquired Canadian gold miner Inter-Citic for $252 million

Inter-Citic Minerals Inc. (TSX:ICI) stocks soared over a third Monday after the company revealed it was being acquired by a subsidiary of China-based Western Mining Group, in a deal that values the Canadian gold miner at $252 (Cd$250) million.

Split Coal India says government panel

A government board is suggesting to split India’s state-owned Coal India Ltd (NSE:COALINDIA), the world’s largest coal producer, or at least allow joint venture partners to foster competition in the sector.

India takes its coal mines back

India’s Prime Minister Manmohan Singh said Monday the government has already initiated the process of cancelling mines to companies that failed to develop them.

Iron Ore-Slump extends; ore below $100, Shanghai rebar at record low

Shanghai steel futures stretched their losing streak to a 10th day on Friday, hitting a record low and giving steel producers more reason to shun iron ore cargoes as prices of the raw material dropped […]

India’s Supreme Court raps Karnataka for illegal iron ore export‎

“Shocked” over the magnitude of alleged illegal iron ore exports by private companies in southern India, the country’s Supreme Court said it wants to explore the possibility of punishing the guilty parties within six months.

Worrying: China's purchasing manager index at nine-month low

Another sign of a slowing China was released today HSBC Flash China Manufacturing Purchasing Managers’ Index fell to 47.8, a nine-month low. The PMI attempts to gauge the direction of the economy by surveying purchasing […]

China's oil giant cuts dividends to afford Nexen

Even Chinese oil giants have to pinch pennies when making a $15 billion bid

A gold backing for China's renminbi?

Some central bankers may be listening to Ron Paul after all.

Philippine miners duck taxes by selling gold on the black market

Philippine gold production dropped by over half, but the reduction may have more to do with tax policy than actual output.

Australia's Queensland coal industry hits new wall as Yancoal reviews expansion

Already running at a loss or struggling to stay in the black, most thermal coal mines in Australia's Queensland are now facing additional challenges as exports drop and major projects wind back.