Asia Mining News

Lithium giant's landmark deal is big step to battery 'dream'

Chile's development agency Corfo doesn't know whether the county we’ll ever make vehicles, but it would like to at least see battery parts produced locally.

Thyssenkrupp in constructive talks with EU on Tata Steel JV

The commission has set an April 29 deadline to rule on the transaction, which would create Europe’s second-largest steelmaker after ArcelorMittal.

Japan's JFE says no impact on iron ore buying after Vale dam disaster

We need to closely watch Vale's overall output and how it will impact on iron ore markets going forward.

Asia Gold-Chinese demand jumps; Indian buyers hold off with eye on budget

Global benchmark gold prices registered a fourth straight monthly gain in January.

Japan steel federation chief sees higher domestic output in 2019

The nation's crude steel output slipped 0.3 percent to a nine-year low in 2018, as a string of natural disasters and glitches at steel plants led to slower production.

Japan's Idemitsu, Kyushu Elec, Tokyo Gas scrap coal-fired power plant plan

Kyushu Electric and Tokyo Gas said instead they will consider building a gas-fired power plant, using liquefied natural gas (LNG), at the same site owned by Idemitsu.

Indonesia plans electric vehicle incentives for foreign car makers

Indonesian officials targeting 20% EV production by 2025.

Mongolia, overseas investigators probe Oyu Tolgoi corruption claims as ex-minister re-arrested

An investigation is ongoing into suspected abuse of power - that former finance minister Bayartsogt held shares in a foreign company before the Oyu Tolgoi investment agreement.

BHP hit with $59 million tax bill on Singapore profits

Federal Court said BHP must pay tax in Australia on profits made by its Singapore-based marketing arm on the sale of commodities owned by the UK arm.

India iron ore output seen at 9-year high before leases expire

“It’s a shame if we say that we are importing iron ore. It’s like selling ice to the eskimos”

IAMGOLD puts construction of Canadian mine on ice

Building activities at Côté Gold, located in the Abitibi gold belt in Ontario, were slated to start in the first months of 2019, with pre-production beginning in late 2020.

Asia Gold-India buyers cash in on dips; Lunar New Year boosts China demand

January is a typically strong month as demand tends to gather pace going into the Lunar New Year.

India's 2018 thermal coal imports grew at fastest pace in 4 yrs – sources

Analysts say they expect India to be a key market for global miners in 2019 as China's "war on pollution" will lead to lower demand from that country.

Flagship Volkswagen plant transforms for EV era

German carmaker will invest 870 million euros ($985 million) by 2020 to develop e-vehicle components, including batteries and charging stations.

FLSmidth to expand Hindalco’s alumina refinery in Odisha, India

The contract was finalised at a recent meeting of Hindalco’s and FLSmidth’s top managements.

Indonesia releases new rules on export revenue repatriation

"It feels like the penalties are not balanced" - Hendra Sinadia, Indonesian Coal Mining Association.

Australia's ANZ bank closes Singapore gold vault

"ANZ has suspended its physical precious metals custody service as it does not align to our business strategy at this time"

Mapped: Foreign direct Investment by country

The data comes from a recent report by the United Nations Conference on Trade and Development.

Teck, WFP tackle zinc deficiency in China

Teck’s Zinc and Health program has reached 100 million people worldwide since 2011.

Toyota, Panasonic setting up EV battery JV amid rising China competition: source

The joint venture, to be owned 51 percent by Toyota and the rest by Panasonic, could also provide batteries to Toyota’s EV technology partners Mazda Corp (7261.T) and Subaru Corp (7270.T).

To meet climate goals, world urged to reuse natural resources

"It is like when you look in your closet on a morning and you only look for pants"

BHP said to owe $215m in underpaid iron ore royalties to Western Australia

State claims BHP used its wholly-owned Singapore marketing hub subsidiary to understate the price of iron ore sold Japan and China buyers.

Record $93B private capital flows into natural resources

But only sliver of funds raised destined for mining and metals

Indian demand lags on price surge; all eyes on Lunar New Year

Local gold prices in India touched their highest since July 2016 this week.

Turquoise Hill reports fourth quarter 2018 production for Oyu Tolgoi, 2019 guidance

The company expects Oyu Tolgoi will be the world’s third-largest copper producer at peak metal production.