Asia Mining News

Chaarat Gold buys Armenian mine from Russia’s Polymetal for $55m

Deal is part of Chaarat’s intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which aims to reach through acquisitions.

Chaarat Gold says Centerra refused C$2B offer for firm, not just Kumtor

The gold miner has given up on Kumtor and decided to focus its efforts on completing a deal for Armenia-based Kapan Mining instead

Lynas jumps after winning temporary extension for Malaysia rare earth plant

The Australian rare earths miner has been granted an extension to a temporary permit to store residue at its Malaysian site.

Lead, the bull market no-one wants to buy into

Lead has all the hallmarks of a classic bull commodity story.

Japan steel industry group head worried about signs of slowing China economy

The calm before the storm, potentially.

India court asks regulator to decide on Tata, Adani power relief

The plants haven’t been running at full capacity after the court ruled last year that a change in regulations overseas couldn’t be a ground for increasing power prices.

Silver boosts treatment for brain-eating bug

The precious metal can help save lives.

Copper price drop prompts expansion rethink at top producer

Freeport-McMoRan CEO Richard Adkerson says reduced spending on large-scale projects will add to the impending supply gap on global copper markets.

Freeport CEO says miner not actively looking to sell itself soon

Any strategic move would be possible -- as long as it’s in the best interests of shareholders.

Dyson picks Singapore to build electric cars rivaling Tesla

From vacuum cleaners to electric vehicles.

POSCO posts highest quarterly profit since 2011 on strong steel prices

POSCO's revenue in Q3 rose 9.1% from a year earlier to 16.4 trillion won, beating the analysts' estimate of 16 trillion won.

Caterpillar plummets after flagging tariffs-triggered high material costs

The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

He is said to have already begun training three to four people to succeed him in the job.

Boom in EV batteries helps suppliers older than Ford’s Model T

Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.

Chinese rescuers race to save workers trapped in mine accident -Xinhua

A rock burst at around 11 p.m. on Saturday destroyed part of a water drainage tunnel in a coal mine.

Asia Gold-India festival demand dims as price rally bites

Gold demand in this years Dusherra falls by 40% in some pockets.

Flow of LME nickel to hidden storage dents bull story

465,000 tonnes of nickel play 'hide and seek'

China chloralkali industry key driver of world salt market growth – report

World salt exports rose to 64 million tonnes in 2017, up 10 million tonnes from 2016.

Freeport CEO may be ready to sell, but are there any buyers?

With its biggest stock overhang and a deal around its flagship asset in Indonesia close to being solved, the miner has said all options are open, even potentially a sale of the entire company.

Hedge funds reeling from gold jump have five charts to watch

Hedge funds that doubled down on bearish gold wagers are facing a gut check.

Gold festival demand in top buyer hits hurdle as prices jump

If this trend continues, then it’s going to be a dampener.

ArcelorMittal to make $1B creditor payment to bid for Essar Steel

The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and KSS Petron.

Indonesia targets closure of Freeport deal in December — official

State-owned miner Inalum said the $3.85 billion deal is still subject to the issue of environmental recommendations and a special mining permit (IUPK) by the Indonesian government.

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

A golden escape  

The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).