Asia Mining News

China’s No.1 maker of battery cells for EVs to build plant in Germany

A German battery plant could help ease an expected negative impact in the workforce employed by the local automotive industry.

Swedwatch report highlights human rights risks in sale of mining equipment to Myanmar

 Irresponsible jade extraction has led to extensive human suffering and environmental degradation in Myanmar’s conflict-affected Kachin state.

Philippine miners call for end of ban on big new projects

Miners are urging the government to lift a six-year ban on large-scale projects in the Philippines after the state removed restrictions on smaller ventures.

The quest to find a trillion-dollar nuclear fuel on the moon

India's equivalent of NASA will launch a rover in October to explore virgin territory on the lunar surface and determine the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.

China's Zhejiang Yongjin to launch $276m stainless steel project

The project is scheduled to launch by the end of 2020, producing high-quality stainless steel strips with an annual capacity of 680,000 tonnes.

Lithium demand from battery makers to almost double by 2027

Strong demand growth will be largely focused on high-grade lithium, according to research firm Roskill.

S.Korean steelmaker POSCO names head of Posco Chemtech as candidate for next leader

POSCO was privatised in 2000, but chief executives have previously been replaced when a new administration takes office.

Resurgent coal exporters should be wary of blinkered optimism: Russell

Coal miners supplying Asia's rapidly growing economies have plenty to be optimistic about as prices and demand appear robust, but they should be wary.

Centerra delays completion of deal over Kumtor mine as Kyrgyz PM mull revisions

Deadline for fulfillment of all conditions included in agreement with the Kyrgyz government, which would end all disputes over the firm’s Kumtor gold mine, has been pushed back about a month.

Global copper output up 7.1 pct in first three months of 2018

Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile.

Japan launches WTO complaint over S.Korea steel duties

Japan has launched a complaint at the World Trade Organization to challenge South Korean anti-dumping duties on Japanese stainless steel bars.

More than 20 Philippine mines pass govt review, 4 fail — official

The panel reviewed the 27 mines in the world's No. 2 nickel ore supplier that former Environment and Natural Resources Secretary Regina Lopez ordered closed or suspended last year.

Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

Australia's Mineral Resources drops out of race for Atlas Iron

The company's withdrawal means all eyes are now on Fortescue, which still has a 19.9%-stake in Atlas and has not yet disclosed whether it plans to launch a rival bid or sell its holding into Hancock’s offer.

Indian regulator approves Nutrien’s sale of stake in SQM to Tianqi

The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China’s Tianqi Lithium.

Iron ore magnate Rinehart offers $290 million in cash for Atlas

The offer from Australian billionaire Gina Rinehart's Hancock Prospecting values Atlas shares at 17% more than price reached at Friday close.

Wall Street builds immunity to trade war rhetoric

So far, Trump has taken little action beyond tariffs of 25 percent on steel and 10 percent on aluminum on imports from China, the European Union and other countries.

China's issues guidelines on foreign investment measures

China's State Council issued guidelines on Friday for previously announced measures easing restrictions on foreign investment.

China urges US to make 'wise choice' on trade tariffs

Trump is due to unveil revisions to his initial tariff list targeting $50 billion of Chinese goods on Friday.

Vedanta mulls options for Indian iron ore workers after shutdown-sources

Vedanta is considering options including lay-offs for some of the 2,000 employees of its iron ore business that was shut down by a court.

Japan's Sumitomo Metal says global nickel deficit to widen this year

Global demand for nickel is increasing by 7.3 percent in 2018 from last year to 2.298 million tonnes, while supply rises 6.8 percent to 2.210 m tonnes,

Erdene becomes first cross-listed firm on the Mongolian Stock Exchange

The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.

Mitsubishi ups stake in Anglo’s Quellaveco copper project in $600-million deal

Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.

Future of Centerra mine uncertain as Kyrgyz Gov’t revising settlement deal

Prime Minister said he would submit tom parliament his own 'proposals' over a settlement reached last year, which would end long-dragged disputes between the company and the country over Kumtor gold mine.

China's Tsinghua University unit to buy aluminium firm for $3.7bn

Tianshan has annual aluminium smelting capacity of 1.4 million tonnes.