The price of gold averaged $1,571 an ounce in 2011 meaning the South East Asian country missed out on $1,7 billion in potential revenue.
Asia Mining News
A recent study published by Canberra-based think tank The Australia Institute calls for a slowdown in mining investment.
Malaysia's Atomic Energy Licensing Board (AELB) has postponed granting a temporary rare earths mine operating license (TOL) to Australian miner Lynas Corp. (ASX:LYC) until an outstanding appeal by residents to the science, technology and innovation minister has been completed.
Rio Tinto and BHP Billiton could have more success selling their diamond assets if they team up, according to analysts from Nomura.
Will the Gems and Jewellery Export Promotion Council (GJEPC) succeed in its endeavour of establishing Russia as a potential market for polished diamond export through the Indo-Russian buyers sellers meet (BSM) in Surat? It seems like a distant dream for many in Surat.
Indonesia's proposed tax on mining exports is having a ripple effect on Indian power companies that buy fuel for coal-fired power plants.
Ian Hannam, better known as the "king of mining" after advising on some of the biggest deals in the past two decades, including BHP's London listing through its merger with Billiton, is fighting to save his reputation.
Australian coal mines owned by BHP Billiton (ASX:BHP) and Mitsubishi Development Pty Ltd (TYO:8058) in the Bowen Basin area voted to resume their strike, momentarily stopped this morning, right after Easter.
Physical iron ore traders say they don't foresee a rush of buying from Chinese steel mills tomorrow when the market reopens after a three-day break, with a blurry demand outlook capping steel prices.
Acid sprays, gassings, venomous snakes, and lightning strikes are just some of the risks faced by Queensland miners atop the threat of mine collapse and violent explosions.
Operations at Barrick's Porgera open pit gold mine, in Papua New Guinea, resumed this morning after the government decided to send troops to the site last week, under a troop call-out order from 2009 still in effect.
Christy Clark, the Premier of Canada’s British Columbia unveiled details of a C$25 billion public and private sector plan to expand trade with Asia, by improving the province's transportation system.
With experts saying zinc could be in deficit by 2017 if not earlier, miners from Australia to Africa to the European Union are racing against time to attract investment in new projects.
Prophecy has more than 1.4 billion tonnes of surface minable coal resources at its flagship Chandgana project and is already producing at Ulaan Ovoo in Mongolia.
Australia is hoping to lure more American plumbers, electricians and construction workers to be employed on Outback projects in the burgeoning mining and gas industries by changing how their skills are assessed.
Fire protection equipment specialist Worldman offers a comprehensive range of vehicle fire suppression systems designed to detect and suppress fires occurring in mine site vehicles.
In a move to curb the rampant domestic illegal mining of rare earth, as well as regulate its rare earths players, China is launching an industry association for the precious metal commodity on April 8.
The Yunong Qian project, located in the highlands of Nepal, might become world’s first carbon neutral mine, as Gekko Systems Pty Ltd announced today the final funding approval of the project, which will apply Gekko’s technology to achieve net zero carbon emissions.
Following the exposure of 25 miners to hazardous gases, Thiess has shut down dangerous sections of the Collinsville coal mine.
Uranium company Paladin Energy Ltd (TSX:PDN)(ASX:PDN) announced it named Alan Rule as its new Chief Financial Officer effective July 23, 2012. He would be replacing the current CFO, Garry Korte, who is joining Roy Hill Holdings, owned by billionaire mining magnate Gina Rinehart.
Japan has found a silver lining in the cloud of nuclear plant shutdowns following last year's Fukushima disaster.
Three men, all Chinese nationals, died of suspected smoke inhalation after a fire broke out inside the Lucky Hill coal mine in Abok, near Pantu, about 80 km from Sri Aman.
Reuters reported that Indonesia, a major global producer of raw materials, has put on hold talks to impose an export tax for coal and base metals, but still expects to introduce the charge later in 2012.
About 100 members of Jaringan Aktivis Alam Sekitar Perak JAASP, an environmental non governmental organization, staged a demonstration against the operation of an iron ore processing company, Vale SA, in Teluk Rubiah, Seri Manjung near here.
The United States should take a cue from Canada when it comes to speeding up the environmental approval of mining and energy projects.