The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.
Asia Mining News
Despite Indonesia being blessed with an abundance of natural resources, there has been limited foreign investment into greenfield projects within the nation. So plentiful are Indonesia’s resources, global mining companies regularly rank Indonesia highly in terms of coal and mineral prospectivity. However, one of the major roadblocks to greenfield projects in Indonesia, is accessibility.
Eurasian Resources Group sets out vision for responsible cobalt supply at two major sustainability conferences in New York
Eurasian Resources Group participated reiterated its commitment to the Global Battery Alliance, a World Economic Forum initiative to showcase how the Group will ensure a responsible cobalt supply chain for the future.
Gold imports could rise 9% in Q4 to 250 tonnes.
The newly-elected coalition government is said to be ready to launch a three-month evaluation of Lynas' rare earths processing plant, which may end with authorities denying the company’s operating license renewal in Sep. 2019.
The government embarked on a drive to root out corruption and punish speculators it blames for exacerbating the currency crisis.
Vedanta Ltd is investing to boost oil output from its flagship Barmer block in the desert state of Rajasthan to over 400,000 barrels per day (bpd) in 2021.
Mitsui Mining and Smelting Co Ltd plans to produce 114,600 tonnes of refined zinc during October-March in the 2018/19 financial year.
Premiums for Japanese aluminium shipments for the October to December quarter were set at $103 per tonne.
The project would be for a Floating Storage Regasification Unit (FSRU) to import gas directly to a power plant in the country.
This is the largest new LNG project of its kind in years.
Several global metals producers have also set their sights on Indonesia's nickel reserves, looking to tap an expected surge in demand for the battery metal.
Physical demand saw an uptick in the world's biggest gold consumer, China, after prices fell to six-week lows this week.
The planned campus would include about 170,000 square feet of office space, a 20,000-square-foot museum and training building, and 410,000 square feet of manufacturing space
As the world's top buyer of the steelmaking raw material looks to offer more hedging tools to iron ore producers and steelmakers.
Agreements give a majority stake in the giant Grasberg copper and gold mine to a local state-owned firm, becoming the country’s biggest divestment by a foreign resources company.
Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes which may add to downward pressure on prices for the fuel.
Malaysian media reported the newly-elected coalition government will shortly begin a three month evaluation of the company's rare earths processing operations in the province of Kuantan.
Copper nanoparticle ink can be used to print cheaper electronic circuits.
The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine.
The Philippines temporarily suspended all quarrying operations in seven regions following a landslide near a limestone quarry that killed at least 29 people, with dozens more feared trapped under the rubble.
Coal exports from Indonesia will be restrained this year, which could frustrate a plan by the government to ease a burgeoning trade deficit.
Subway expansion plans require 80 million tonnes of steel, a need which arises as Beijing looks to boost economy amid trade war with U.S.
Base metals under pressure from trade tensions.
Nickel has finally succumbed to the base metals price rout.