Asia Mining News

This is the breakthrough company of Mines & Money 2017

Forget gold, the crazy cobalt price or lithium frenzy; this junior mining company is upending the sapphire (yes sapphire) market.

Copper's art of the deal

The seeds of Tuesday's 4.6 percent copper slump -- the sharpest in almost three years -- were planted in a scarcely noted non-event earlier this month.

Indonesia to grab Rio Tinto stake in Grasberg mine

After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country’s government plans to acquire the miner’s 40% stake in the coveted operation.

Kazakh supply shock to jolt uranium price

World's top supplier of uranium announces 20% cut in production over three years.

Coal India November output, shipments rise to highest for month

Coal India Ltd.’s production and shipments in Nov. rose to most for month in at least five years, as power plants procured more coal to boost inventories.

SMB plans Guinea alumina refinery by 2022

Guinea has about a third of the world's bauxite reserves and expects to produce over 30 million tonnes in 2017. However, it has no facilities to transform those reserves into higher-grade alumina.

Asia Gold-Demand steady as buyers await bigger dips, riskier investments beckon

Benchmark spot gold edged higher to around $1,277 an ounce Friday, but was still trading near a 3-1/2-week low touched Thursday amid surge in U.S. equities.

Battery production more than a Tesla nightmare

Ron Struthers of Struthers Resource Stock Report surveys the battery metals field and profiles one company he believes could be a new LIB anode supplier.

Australia’s NSW to ban open-pit mining in South Drayton area

The New South Wales Government decided there would be no open-pit mining at the site formerly known as Drayton South, but it paved the way for an underground mine instead.

Move over, Tesla! China holds the keys to electric vehicles

As the world’s largest auto market, China was responsible for about half of the sales as the crackdown on polluting industries has propelled renewable alternatives from power generation to consumer products.

Pink diamond gets $32 million, Patek sets Asian record

The oval stone, set in a ring embellished with smaller diamonds, sold after a three-minute contest. It was estimated to sell for as much as $42 million.

Indonesia expects 2018 deal with Freeport on giant copper mine

Indonesia expects to conclude deal with Freeport-McMoRan Inc. by February that will see the U.S. miner shed its majority ownership of Grasberg mine.

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.