Asia Mining News

The DJIA, gold industry, & gold equities

Gold orientated discovery company, Westhaven Ventures, is currently drilling a potentially high grade epithermal gold target in an underexplored gold belt.

Gold to remain influenced by political uncertainties and geopolitical risk around the world

Political uncertainty, including Brexit negotiations, along with ongoing tensions in the Middle East will remain gold’s key drivers.

Indonesia grants tin export permits to 12 companies including PT Timah

The country's biggest tin miner PT Timah Tbk received a permit to ship 32,305 tonnes.

Gold imports by India are said to have plunged for fourth month

Imports in the first four months totaled 211.7 tons, a drop of 43 percent from a year ago, data collated by Bloomberg show.

Biggest miner says China's shift to quality iron-ore will hold

BHP forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron ore and coking coal as consumption of the alloy keeps growing well into the next decade.

Indonesia sees coal output flat in 2019 amid equipment shortage

Amid concerns Indonesia could exhaust existing minable coal reserves of 13 billion tonnes 25 years, the government is considering measures to push miners to carry out exploration work before they can obtain permits to increase output.

China's iron ore rises on renewed steel output; 2nd day of foreign trade

Utilisation rate at mills climb back to November level.

Qatar steps in to buy Rosneft stake after China deal collapses

Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.

Coal mine deaths climb to 23 in southwest Pakistan – officials

At least 16 miners died on Saturday and more than a dozen were trapped after an explosion in a mine in the Marwar coalfields.

WGC latest report shows how weak gold demand has been this year

Global demand dropped so much between January and March that the period became the weakest first quarter since the 2008 financial crisis.

China opens iron ore market to the world in pricing, image push

China to allow foreign investors in iron ore futures from Friday.

Mongolian Copper Corp considers international fight for Erdenet mine

State seeks enforced acquisition of MCC's Erdenet stake.

Vedanta considers building zinc smelter in South Africa

Company is accelerating expansion of its African zinc operations to take advantage of a surge in zinc prices.

Chaarat Gold offer to Centerra values Kumtor mine at $800 million

The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.

Battery metals supply crunch to slow near-term EVs growth — Moody's

Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.

Mint American Eagle gold coin sales at weakest April since 2007

Meanwhile, silver coin purchases for the month rose 10 per cent higher than last year.

Indonesia's Timah Q1 refined tin output down 23 pct

Refined tin output fell to 5,361 tonnes in the quarter from 6,963 tonnes in the same period last year, the company said in a statement.

China's metals trade is facing a year of upheaval: Andy Home

China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.

Why the lithium bears are wrong

What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.

Asia Gold-Buyers unimpressed by price dip; India shifts to premium

Physical gold demand lacked vigour in most Asian hubs this week amid a slight dip in prices.

World’s top uranium miner Cameco back in the black

But the Canadian company said the uranium market remained “quiet.”

Grasberg hardball scores an own goal for Indonesia: Gadfly

The most drawn-out deal in the global mining industry looks set for another round.

Fate of Centerra mine not sealed as Kyrgyz-owned company yet to see takeover bid

Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation’s largest gold operation.

Philippines' top nickel miner keeps sales guidance despite govt curbs

The Philippines' top nickel ore producer, Nickel Asia Corp, said its export plans in 2018 remain unchanged despite government plans to limit mining areas.

Caterpillar results prove global economy in good shape

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.