Asia Mining News

This historic blue diamond is expected to fetch up to $5.3 million

The Farnese Blue, passed down through European royalty, goes on sale for first time as part of a Sotheby’s auction to be held in Geneva, on May 15.

China launches WTO complaint on U.S. tariffs linked to IP issues

Beijing has sought consultations with the United States, the first step in a WTO dispute, over its announced tariffs on $50 billion worth of Chinese imports.

India demand up ahead of festival, subdued buying elsewhere

This month Indians will be celebrating the annual festival of Akshaya Tritiya, when buying gold is considered auspicious.

Vedanta copper unit draws ire of movie stars on pollution claims

Stars-turned-politicians are lending their voices to protests by neighboring villagers against the plant in Tamil Nadu because of health concerns.

World’s top miner BHP quits global coal group over climate stance

The miner is withdrawing from the World Coal Association over a clash of views on how to fight climate change, with BHP saying it’ll reap little benefit from staying on as a member.

Vedanta, others can transport royalty-paid iron ore from Goa -Court

India's Supreme Court in February quashed all iron ore mining permits in the southwestern state of Goa, one of the top producing states for the steel making raw material.

Murray & Roberts scores $313 million worth of new mining projects

South African engineering and construction group, currently subject of a takeover bid from Germany’s ATON, said projects were located in sub-Saharan Africa, North America and Australasia.

CHARTS: Mining rally running out of steam as copper price weighs

Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.

Japan's Mitsubishi Materials sees H1 copper output up 7 pct y/y

Japan's third-biggest copper smelter said it plans to produce 187,374 tonnes of refined copper during April-September.

China hits U.S. goods with tariffs as 'sparks' of trade war fly

New trade measures effective Monday.

Kazakhstan and Mongolia meeting highlights uranium mining cooperation

The two countries on 30 March signed a Memorandum of Understanding focusing on geology and development of mineral resources and civil aviation.

Mongolia arrests ex-minister in Swiss graft probe — govt

A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009.

Vedanta wins bid to buy bankrupt Electrosteel Steels

The transaction, financial details of which were not disclosed, is part of India's new bankruptcy law.

Indonesia coal miner Bumi posts record profit, sees 10 pct output rise

Bumi expects coal prices to increase by 5 percent this year over last year's level of $58 per tonne.

China steel, coking coal jump on Handan curbs, short covering

Shanghai rebar surges 4.4 pct after Handan steel, coking cuts.

Britain's Vedanta hit by up to $600 mln charge for Goa iron ore unit closure

The latest ban would affect not only Vedanta but also several small unlisted companies run by local families.

Miners ask Congo to introduce sliding royalty scale

The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.

Metso increases production capacity in India to meet the market demand for aggregates equipment

Metso is addressing the growing demand for crushing and screening plants in the Indian market by expanding its production capabilities in Alwar. This latest investment increases Metso's crushing and screening plant production capacity in India by 35 percent.

Japan's JXTG raises profit forecast despite $1.2bn charge

The Japanese energy and metals company said the impairment loss at its Caserones copper mine in Chile was due to higher production costs.

Nickel market eyes Philippines as mine review delayed yet again

The review by the Mining Industry Coordinating Council is now set to take six months instead of three, according to the Department of Finance.

Rio Tinto fully out of coal sector with $2.25bn Kestrel mine sale

Company has agreed to sell its 80% stake in the Kestrel mine to a consortium comprising of private equity manager EMR Capital and Indonesian coal company Adaro Energy.

Vedanta shuts protests-ridden copper smelter in India for 15 days

The maintenance activity, originally scheduled for April, comes amid media reports that thousands had taken to the streets and shut shops in Thootukudi to protest against the expansion of the smelter.

Fortescue cuts iron ore price outlook as Chinese production slowdown, trade tensions weigh

The company amended its guidance to around 65 per cent of the average benchmark Platts 62 CFR index.

Shortlist Announced: Mines and Money Asia Outstanding Achievement Awards

Nominated by industry peers and chosen by an esteemed panel of judges, these awards are designed to recognize excellence and outstanding achievement over a wide cross-section of the Asia Pacific mining and investment sector.

Shenhua profit rises to 5-year high as China curbs boost coal

Coal prices were supercharged last year as China pressed on with efforts to cut overcapacity.