Asia Mining News

How countries are getting tougher with mining companies

A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.

Saudi Arabia's gold miner plans to be a global top-20 supplier

Saudi Arabian Mining Co. plans to boost gold output from about 415,000 ounces this year to one million by 2025.

Plan to mine the moon gives Australia opening in new space era

Australia is joining the growing number of nations looking to compete in space. Its advantage? Half the country already looks like Mars.

Glencore, Tohoku Electric set coal contract price at $94.75/T

The price, which serves as an industry benchmark for supplies of seaborne thermal coal in Asia, was 14% lower than a price agreed for the year through September this year.

Iron ore prices shift structurally higher on Vale woes

Iron ore prices in China reached a record high on Tuesday as market participants wrestled two dilemmas, namely the weather-related disruptions from Australia and the safety outages in Brazil.

Vale Indonesia targets 74,000 T nickel in matte output in 2019

Lower production this year is due to a 10-week shutdown started in mid-February to the third week of April.

Australia's Wesfarmers hints takeover battle for Lynas not over

Comments foreshadow an intense takeover battle for the only proven producer of rare earth elements outside China.

K92 Mining reports early result from Blue Lake prospect in Papua New Guinea

The company has intersected 175 metres of 0.28 g/t gold at its Blue Lake porphyry prospect in Papua New Guinea.

Kazakh vanadium miner is first 2019 London listing in sector

Ferro-Alloy Resources Group, which is producing vanadium in Kazakhstan, has listed on the London stock market, marking the first junior flotation in the sector this year.

Lynas declines Wesfarmers $1.1B takeover bid

Wesfarmers made a buyout offer of A$2.25 per Lynas share.

Hong Kong firm develops tech to detect lab-grown yellow diamonds

The Diamond Natural Device is reportedly the first tech system capable of identifying the yellowish gems together with the colourless to near-colourless range of diamonds.

Australia's Wesfarmers makes $1.1B bid for rare earth miner Lynas

The offer represents a premium of nearly 45% on Lynas' closing price on Monday, but comes come with some significant conditions, including the rare dearth miner securing all necessary licences in Malaysia.

China dumped steel wheels on U.S. market — Commerce Dept

U.S. imports of steel wheels from China were valued at $388 million in 2017.

Philippines' Philex delays copper-gold mine start by four years

The Silangan copper and gold mine could be Philex's biggest source of revenue after its 61-year-old Padcal mine in the north is expected to close in 2022.

Philippine nickel producer DMCI sees tough year with mine shut, inventory declining

DMCI's mines were among those ordered shut in 2016 when the government launched an industry-wide crackdown on miners.

Silver demand in India set for 4-year high on farm cash payout

Silver prices in India have been relatively stable for the last two years, and are about half their 2011 peak.

Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall

Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal.

Kyrgyz and Turkish miners join forces to develop gold projects in Central Asia

Kyrgyz gold producer Chaarat and Turkish mining and mine construction contractor Çiftay want to collaborate on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.

Rio Tinto rejects push by activist shareholders to reveal emission targets

Miner has hit back at a push to make it more accountable for carbon emissions produced by its customers, including Chinese steel makers.

Global Exploration Snapshot: The Americas, West Africa and Australasia remain popular

A look at eight majors and juniors exploring for gold worldwide.

Turquoise Hill's 2018 financial results report 250% income jump over 2017

Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017.

New controversy engulfs London Metal Exchange's warehouses

Glencore has lodged a complaint with the LME for an ongoing dispute with the warehouse operator at Port Klang, Malaysia.

Mining's dirty secret faces a climate reckoning

Producing a single metric ton of steel in a blast furnace typically releases around 2.3 tons of carbon dioxide, not much less than you’d get from burning a ton of thermal coal for energy.

Six foreign-controlled miners to start divestments in 'near future' – Indonesia

Foreign-controlled miners are required to gradually start reducing ownership after five years of production.

Malaysia puts bauxite mining ban on hold until impact studies completed

Miners wishing to resume operations or start new ones must conduct a study on the environmental impact of their activities before receiving licences.