Asia Mining News

Electric vehicles on the road to triple by 2020 — IEA

The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.

Here’s what miners are getting wrong when it comes to digital transformation

While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.

India seeks gold, diamond mining rights in Russia

India seeks to import gold and diamonds for value-addition before exporting them.

Copper supply shock hits India as top plant ordered to close

About 13 people died at the site last week after police opened fire as locals protested against alleged pollution. 

China is said to mull more US coal imports to cut deficit

Chinese officials are currently looking at boosting purchases from West Virginia in particular.

Australia's Galaxy Resources to sell tenements in Argentina to POSCO for $280 mln

The land is located in the northern area of the giant Salar del Hombre Muerto salt flat.

Billionaire's battered miner may face investor, political unrest

A combination of bad news across its operating industries has made Vedanta one of the biggest losers this year among the 10-member S&P BSE India Metal Index.

Vedanta’s troubles worsen as Indian state orders permanent closure of smelter

Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 tonnes-a-year operation. This time it seems to be forever.

Vedanta sticks with plan to expand Indian smelter despite deadly protests

A company executive says Vedanta is not looking to set up plant elsewhere.

Asia Gold-Demand fades as prices recover; India discounts widen

Physical gold demand remained subdued this week in most Asian hubs as prices rebounded following an initial dip.

Distraction or disaster? Freeport’s giant Indonesian mine haunted by audit report

As follow-up to the audit, the environment minister issued two decrees that gave Freeport six months to overhaul management of its mine waste at Grasberg.

China opening may spark iron ore to become more like crude oil: Russell

Iron ore is still a long way behind other commodity markets, such as crude oil, where paper trade exceeds physical by large multiples.

Electric vehicles seen driving cobalt crunch by mid-2020s

Demand for electric vehicles, using cobalt in batteries, could spark a deficit of cobalt as soon as 2022.

Agarwal wants to build Indian commodity giant to rival majors

Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K.

MCX launches India's first silver options

India is the world's biggest consumer of silver, which is mainly used for jewellery making in the country.

Indian state seeks permanent closure of Vedanta's copper smelter-officials

The pollution control board of Tamil Nadu said the smelter was found last week to be preparing to resume production without permission. 

Mining capital projects: Are you ready for the next CapEx investment cycle?

With new technologies providing opportunities for growth, mining companies are preparing to launch into a new wave of investment.

Freeport’s Grasberg jujitsu move will pay off

There’s a well-thumbed playbook for how deals involving gold mines in the remote jungles of Indonesia are meant to turn out.

Rio Tinto about to offload stake in Grasberg mine for $3.5 billion

Company confirmed is in talks to sell its stake in the world’s second largest copper mine to Indonesia’s Inalum.

Why rough diamond prices are at a 52-week high

Forecasted industry fundamentals point to an environment favoring higher diamond prices over a period of at least the next four years.

Taliban, Islamic State make millions from mining Afghan minerals

The international NGO in a report on Tuesday estimates the Taliban earns $2.5 million to $10 million a year from mining talc alone.

Rio Tinto says investors to take stance on Oyu Tolgoi as ‘test case’

Rio Tinto has called for less interference at its giant copper and gold mine in Mongolia, as it moves forward with an underground expansion.

Forevermark unveils new retail concept store in China focused on millennials

Libert’aime by Forevermark offers a diamond jewellery range that has been designed with a young, fashion-forward self-purchasing consumer in mind.

Electric vehicle rush fuels optimism at LME Asia Week

Chinese cobalt producers such as Jinchuan Group and Wanbao Mining said they were ramping up production to sate an anticipated demand boom from EVs.

Vedanta says Indian copper smelter shutdown causing deficit, price rise

The unit has been shut for more than 50 days.