Asia Mining News

Denver Gold Forum 2017 concludes with record activity

As the world’s premier precious metals equity event, the Gold Forum attracted 1,000 attendees who conducted a record 3,900 meetings.

Freeport at loggerheads with Indonesia over divestment-letter

The world's second-largest publicly traded copper company has issues with the proposed divestment plan, including valuation, timing and structure.

World's largest coal miner looking to buy metal mines abroad

Coal India's plan to diversify into mining metals such as copper and nickel with no prior experience is being seen by analysts as a long-term strategy to firm up revenues, with no immediate results in sight.

China bought tonnes of North Korean coal

North Korea’s biggest trading partner imported 1.64 million tonnes of coal in August

Freeport can seek extension for Grasberg permit talks -minister

Indonesia’s mining minister said on Thursday that Freeport McMoRan Inc could request an extension of six months to renegotiate rights to Grasberg.

HKEX plans to launch iron ore futures in November

Hong Kong stock exchange plans to launch a U.S. dollar-denominated, cash-settled iron ore futures contract in Hong Kong to compete with U.S. & Asian rivals.

China-backed Yancoal Australia exercises option to up stake in coal mine

The agreement brings Yancoal’s stake in the Warkworth project to about 85 percent.

Indonesia's Freeport victory sets tone for foreign miners

After months of negotiating with U.S. giant Freeport-McMoRan Inc, minister Ignasius Jonan secured majority local ownership of Grasberg gold and copper mine.

Zinc deficits persist in the short term: BMI

A new report from BMI Research states that the global refined zinc market will remain in deficit over the next few years

ABB teams up with Northvolt on Europe's biggest battery plant

Swedish project, envisioned on scale of Tesla's Gigafactory, aims to cater to auto industry, compete with Asian suppliers.

Komatsu America Corp. introduces the new D375A-8 crawler dozer

Komatsu America Corp., a leading global heavy equipment manufacturer, introduced the D375A-8 crawler dozer today

China wants to reduce winter pollution by cutting steel production

China is expected to slash in half the rate of steel production in Tangshan, a city in the north-east that produces 11 per cent of the country’s total output

China and Argentina to strengthen mining cooperation

The Asian giant is very interested in “intensifying investment trade and cooperation” with Argentina

Investors wary as Tanzania moves to assert more control over mines

New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa's brightest mining prospects

Central Asia Metals to buy Lynx Resources for $402m

The deal is expected to be both earnings- and cash-flow-per-share-accretive in the first full year, the company said.

Miner Kincora secures EBRD help to explore Mongolia

The European Bank for Reconstruction and Development will acquire a 6.16 percent stake in the Canadian company for 1.4 million Canadian dollars ($1.1 million) to further its exploration in Mongolia.

Indian billionaire Agarwal to be Anglo American’s top shareholder

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

Philippines delays environment minister nomination approval over mining woes

Former minister Lopez had to leave the post after the same legislative panel that delayed Cimatu’s confirmation rejected her appointment.

BHP Billiton Foundation launches two new transparency projects

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.

IIDGR announces four new diamond grading partnerships in Asia

The International Institute of Diamond Grading & Research, part of De Beers Group, has established four new diamond grading partnerships with leading diamond jewellery retailers in Thailand, Vietnam and China.

BHP’s shareholders to vote whether firm should leave Australia’s top mining lobby group

Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.

India's JSW Steel aims to to increase own iron ore production

The company, India's biggest local steelmaker, aims to be producing 80% of the iron ore needed for its flagship plant in south India in three years time

Rio Tinto showcases its largest red diamond in Asia

Rio Tinto’s iconic Argyle Pink Diamonds Tender is being showcased to connoisseurs and collectors from across Asia in Hong Kong.

The $10 trillion mineral resources North Korea can't tap

North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.

Centerra shares jump again on confirmation of Kyrgyz settlement

Canadian miner announces comprehensive settlement over Kumtor gold mine – Asian nation unfreezes cash and drops all environmental claims, lawsuits.