Asia Mining News

Gold production will grow in coming years: BMI

The business intelligence firm says output will pick up, supported by higher gold prices and solid projects in key countries.

Japan's Kyushu Elec likely to delay nuclear plant restart due to Kobe Steel checks

The government and industry want reactors restarted to cut electricity bills, but swathes of the public oppose returning to atomic energy.

Freeport Indonesia targets 1.1 million tonnes copper concentrate exports by end 2017

The company had exported 684,333 tonnes of copper concentrate by end-October, according to government data.

Luxembourg, Japan team up to explore and mine space resources

The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.

Copper execs see balanced market, warn on rising costs, regulation

Representatives of major mining companies believe the global copper market will be balanced for the foreseeable future even as mine supplies tighten and demand from China, the world's top consumer, remains strong.

Iron ore will go back to $50, says Goldman Sachs

Analyst Hui Shan said that Goldman’s projections see iron ore falling to $60 a ton in three months, $55 in six and $50 in 12.

Tax payments from Minnesota's iron ore industry show lower production

Taconite-pellet plants and ore-concentrating firms produced 29 million tonnes last year, down from 33 million tonnes in 2015.

Adani hopes for govt coal mine loan fade after Australian election

The Queensland state premier, who had originally supported Adani's application for a federally funded loan, now says her government will veto it.

Gold CEO lashes out against his industry

“The one thing this industry does very well is mine gold at a loss,” Randgold Resources CEO Mark Bristow told analysts at a breakfast meeting on Friday.

Why the commodity supercycle is favoring investors right now

Precious, base and energy metals are all benefiting from the commodity supercycle, says Louis James, editor of International Speculator

Silver miners’ Q3’17 fundamentals

Covering everything from stocks, miners, and geography, Adam Hamilton provides a thorough analysis of silver during the third quarter of 2017.

Nickel rally stalls, electric car boost some years away

Slowing demand from China's stainless steel mills and rising supplies have halted a frenzied price rally and are likely to keep weighing on prices.

Asia gold-demand sluggish as high prices deter buyers

"Stable prices at higher levels have kept gold buying subdued," said Dick Poon, general manager at Heraeus Metals Hong Kong Limited.

Chile's Codelco copper output dips but company posts profit

Codelco Chief Executive Pizarro said company produced 1.24m tonnes of copper in January-to-September period, a 3 percent decline from same period last year.

Escondida to lay off 3% of its workforce

Officials for the world’s largest copper mine say they are “adjusting production processes.”

Indonesia's Antam eyes 162 pct jump in 2018 nickel ore sales

PT Aneka Tambang Tbk (Antam) is targeting 11 million tonnes in nickel ore sales next year, a jump from an estimated 4.2 million tonnes this year.

Platinum industry expects supply deficit in 2018

Jewellery posts growth of 3%, the first in four years.

What history says for gold stocks in 2018-2019

"Back in March of this year we noted that the gold stocks could be following the path of recovery of housing stocks since their 2009 bottom."

Canadian diamond discoveries could close pending supply gap

With global diamond demand forecast to grow at approx 3.5% annually over next five years, a supply gap down the line seems inevitable if forecasts hold.

Philippines' Duterte holds open pit mining ban despite pressure

President Rodrigo Duterte's decision not only ignores demands from pro-mining groups but also from members of his own government, including the current environment minister Roy Cimatu.

India's US coal imports highest since 2015, seen up further on ban

Coal imports seen rising further amid fears ban may expand. Cement firms scrambling for U.S. coal - executive.

Six years after Fukushima, robots finally find reactors’ melted uranium fuel

After three days of carefully navigating through a shattered reactor building, the Manbo finally reached the heavily damaged Unit 3 reactor.

Hong Kong taking on Singapore for iron ore trading dominance

Last week Hong Kong Exchanges and Clearing started trading iron ore futures.

Mystery of inflation and gold

A Sunshine Profits analysis of the impact of and factors contributing to inflation on the gold market.

Asia Gold-India prices flip to discount as wedding demand underwhelms

Gold prices in India traded at a discount for the first time in six weeks as the key wedding season failed to spur fresh demand.