Asia Mining News

Asia Gold-Buyers unimpressed by price dip; India shifts to premium

Physical gold demand lacked vigour in most Asian hubs this week amid a slight dip in prices.

World’s top uranium miner Cameco back in the black

But the Canadian company said the uranium market remained “quiet.”

Grasberg hardball scores an own goal for Indonesia: Gadfly

The most drawn-out deal in the global mining industry looks set for another round.

Fate of Centerra mine not sealed as Kyrgyz-owned company yet to see takeover bid

Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation’s largest gold operation.

Philippines' top nickel miner keeps sales guidance despite govt curbs

The Philippines' top nickel ore producer, Nickel Asia Corp, said its export plans in 2018 remain unchanged despite government plans to limit mining areas.

Caterpillar results prove global economy in good shape

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

Centerra rejects unsolicited offer for its Kumtor gold mine in Kyrgyzstan

Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project’s cash flow in the three-way deal.

Freeport profit misses on lower-than-expected copper sales

The Phoenix, Arizona-based copper miner reported a lower-than-expected quarterly profit on Tuesday as red metal sales missed the company's forecast.

Australia's Fortescue iron ore shipments, price fall in Q3

The iron ore producer reported a 2 percent fall in third-quarter iron ore shipments on reduced demand in China.

Indonesia's Adaro targets 35 pct growth in coking coal output

Indonesian coal miner Adaro Energy is targeting coking coal output of 1 million tonnes this year, up from 740,000 tonnes in 2017.

DRC miners hopeful new code issues can be resolved

They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.

India's Hindustan Zinc Ltd refinery joins LBMA's silver standard

The London Bullion Market Association has added Hindustan Zinc Ltd.'s (HZL) silver refinery in India to its 82-strong 'Good Delivery List.'

Billionaire Agarwal hires AngloGold's CEO to run Vedanta

Agarwal, who has been hunting for a new Vedanta CEO for more than a year, has consistently sought talent from the world’s biggest miners.

Anglo Asian's Azerbaijan gold output up 49 pct yr/yr in Q1

The London-listed firm said its total production of gold-equvivalent ounces (GEO) rose by 26 percent to 18,307 GEO from 14,577 GEO.

Indonesia expected to drop $19 bln worth of infrastructure projects

These projects will be dropped if they don't meet some requirements by the third quarter of 2019.

Global bauxite production to grow: BMI

A new report issued by BMI research states that global bauxite production growth will accelerate over the coming years.

Demand in India picks up ahead of festival

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

Winners Announced: Mines and Money Asia Outstanding Achievement Awards

A key feature of the annual Mines and Money Asia conference, which took place in Hong Kong last week, was the announcement of the official winners of the Mines and Money Asia Outstanding Achievement Awards […]

Impact of electric cars in medium-term copper demand ‘overrated’, experts say

Increasing disposable income in emerging economies and the adoption of greener technologies, are the two factors to drive most of the expected increased demand in copper during the next five years.

Eurasian Resources Group: market outlook 2018

The past couple of months have featured a broad retracement of the metals complex, away from the recent highs.

Agarwal offers Anglo help in tapping India's 1.3 billion people

The mining tycoon wasn’t explicit about whether he wanted to assist Anglo with increasing sales to India or to start operating mines there.

'Urban mining' in S.Korea pulls rare battery materials from recycled tech

In 2016, the most recent year from which data is available, 19.6 trillion won ($18.38 billion) worth of metals were extracted from recycled materials.

Can China fill aluminium shortage after Rusal sanctioned?

International prices, which have shot up more than 10 percent since the sanctions were announced, will have to rise further to lure exports from China.

Komatsu sales growth to slow as miners avoid new equipment buys

Miners were forced to curb spending by a collapse in commodities prices in 2015-16, but a partial price recovery since then has eased the pressure.

Why diamond trading slowed down in March

Rapaport expects polished trading to continue slowing in the coming months.