Asia Mining News

Indian woman continues fight to repatriate blue diamond

The blue Nassak, also called ‘Eye of Lord Shiva,’ is a 43.38-carat diamond.

South Korea on verge of trade deal -Trump

Trump said the agreement "would be a wonderful deal with a wonderful ally."

Asia Gold-Higher prices keep buyers at bay; India discounts at 6-1/2-month high

Physical gold demand in Asian hot spots slouched this week as higher global prices made buyers hold off on purchases.

Companies now looking for electric battery metals in the garbage

Soaring cobalt and lithium prices are pushing some companies to dig for them in the recycle bin, which some believe could be even more profitable than mining them.

China strikes back in trade spat, aims tariffs at $3 billion U.S. goods

China's decision will take effect if no agreement is reached with the U.S.

Chalco's net profit soars on higher aluminium prices

Chalco increased net profit by 274 percent last year as supply-side reforms and an environmental crackdown lifted aluminium prices.

Australian mining overseas: 50 key projects

These are projects driven from Australia, involving an Australian mining company and (in most cases) an Australian engineering consultant. 

In India, digital gold sellers hope trickle will become a rush

A digital revolution is reshaping India's $34 billion gold market, with smartphones, e-wallets and flexible investment schemes drawing new buyers into a business dominated by traditional, face-to-face transactions.

Indonesia's Inalum expects to line up Freeport sale bank financing soon

Indonesia's state mining holding company expects to reach an agreement soon on bank financing to buy a controlling stake in the local unit of Freeport McMoran Inc.

Feast and famine in the global tin market(s): Andy Home

The London market is only one half of the picture when it comes to tin price signals. The other, very different half is located in Shanghai.

This electric metal gem is up 55% in 2018 and investors have hardly noticed

After BMO's star analyst published bullish research notes on vanadium in January (2018), the price of vanadium pentoxide (v2o5) went up another 55%.

U.S. govt to accept metals tariffs exclusion requests from Monday

It could take up to 90 days to make determinations.

Merkel, Xi agree to work on steel overcapacity within G20

Xi said both countries should cooperate despite ideological differences.

Gold price calm to shatter as geopolitical crisis index hits 15-year high

Geopolitical turmoil not piercing bullion markets yet – gold in tightest weekly trading range in percentage terms since 2012; in dollar terms since 2007.

China's alumina restarts hindered by bauxite shortage – Antaike

Alumina refineries and aluminium smelters in parts of China cut production by 30% during November to March as part of a campaign against air pollution.

Mongolia Oyu Tolgoi copper mine 2017 revenue drops 22% as construction delays weigh

Oyu Tolgoi booked $939.8 million in revenue for 2017, down from $1.2 billion the previous year.

Asia Gold-India prices discounted as festival fails to lure buyers

Dealers in India were offering a discount of up to $3 an ounce over official domestic prices, unchanged from last week.

New Chile govt undecided on blocking SQM sale to China firms -official

Chile development agency Corfo filed a complaint last week to block the sale of a 32% stake in SQM to China's Tianqi Lithium or any related entities.

Electric car dreams may be dashed by 2050 on lack of cobalt, lithium supplies

German researchers say cobalt-free battery technologies — including post-lithium technologies based on non-critical elements — are the best way to avoid supply issues in the long term.

Visualizing China’s most ambitious megaproject

Costing between $4-8 trillion and affecting 65 countries, China’s ambitious One Belt, One Road (OBOR) initiative is the granddaddy of all megaprojects.

These charts show just why copper price fundamentals are so strong

The world's 10 largest copper mines accounted for 25% global output in 2017 – on average these deposits were discovered 95 YEARS ago.

China state planner approves coal mine in Inner Mongolia, another two in Xinjiang

China's state planner said on Tuesday it has given approval for a coal mine to be built in Inner Mongolia.

Samsung is said in talks for multi-year cobalt deal from Congo

Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine in Congo after only buying copper from the company for the past four years.

Anti-corruption body asks Rio for Oyu Tolgoi-related info

Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.

Indonesia revises new domestic coal price cap to mid-March — official

The cap, which was set at $70 per tonne for two years for coal with a calorific value of 6,322 kilocalories, will now apply from March 12, revised from Jan. 1, 2018 previously.