Asia Mining News

Is coal's slump overdone? Australia's resilient exports suggest maybe

There are some signs that the rapid decline in thermal coal prices in recent months has moved the market into oversold territory.

Indonesia battery-grade nickel plant awaits environmental nod

Indonesia's first plant to produce battery-grade nickel is on track to start operations by 2020, though the project still needs an environmental permit that could take up to eight months.

Lynas weighs up rare earths processing in Australia as Malaysia ups pressure

Lynas, one of the world’s main suppliers of rare earths outside China, said it was open to processing materials closer to its Australian mine if that meant it can renew its licence in the Southeast Asian country.

First Quantum exits Japan Gold option

The move comes after completing an initial surface evaluation on its Eboshi, Kobui, Minamikayabe and Kamitsue lithocap projects in Japan.

China gold demand firms, price dip adds to festive sparkle in India

In China, premiums of about $13-$15 were being charged over the benchmark, marginally higher than last week's $12-$14 range.

Mongolia lawmakers seek to rewrite Oyu Tolgoi deal

The Gobi desert copper deposit promises to become one of Rio Tinto’s most lucrative properties, but it has been subject to repeated challenges from politician.

Indonesia battery-grade nickel plant awaits environmental nod-developer

Indonesia's first plant to produce battery-grade nickel chemicals is on track to start operations by 2020.

Profitable coal trade beckons buyers brave enough to test China

It’s high quality and the price is a bargain, but the risk may be too great for Chinese buyers looking for a quick profit.

Two injured, two others missing after mudslide at Freeport's Grasberg mine

Mining operation is running normally despite the incident, says the company.

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.