Asia Mining News

Caterpillar hires former US Attorney General for help with probe

William P. Barr will help Caterpillar face a federal investigation related to profits earned by CSARL, its Swiss parts subsidiary.

Rick Rule on Uranium: Early means wrong, unless…

In an exclusive Q&A session for Sprott Private Wealth clients, Rick Rule shared his thoughts on the uranium market and explained why speculators shouldn't worry too much about being early.

World's top diamond miner Alrosa quadruples profit amid sector recovery

The Russian miner said profit attributable to shareholders totalled $2.25 billion (131.39bn roubles) last year, versus $530K (30.67bn) roubles in 2015.

Indian billionaire Agarwal goes after 12% of Anglo American

Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.

INTERACTIVE: Top 10 gold mining companies

The 10 largest gold mining companies produce 30% of the world's gold and enjoy some of the sector's fattest margins.

MICROMINE implements its fleet management and mine control solution, Pitram at one of the world’s largest copper-gold mines, Oyu Tolgoi

MICROMINE has implemented its leading fleet management and mine control solution, Pitram, at the Oyu Tolgoi copper-gold mine in the South Gobi region of Mongolia.

Harry Winston’s famous Jonker V diamond to fetch up to $3.6M in auction

The rectangular, 25.27-carat gem is one of a collection of 13 polished diamonds cut from the famous 726-carat Jonker rough, unearthed at South Africa’s Elandsfontein mine in 1934.

The 20 best mining schools in the world

The rankings are based on data for academic reputation, employer reputation, research citations per paper and research impact.

China leaves size, timing of coal output restrictions to local authorities

Beijing will adopt more market-friendly measures in the sector and other oversupplied industries.

After terrible 2016, Indian gold demand will recover: WGC

According to the World Gold Council, Indian gold demand has bottomed.

Nickel price is plummeting

Down nearly $800 since Monday as Indonesia ore exports return to market, Philippines rethink mine closures.

First orders under $455m potash deal for Vancouver junior

Encanto says will sign deal with existing producer to fulfil contract with state-owned Indian trader for 2m tonnes of potash per year.

Copper price falls to 8-week low

Strike at Freeport's giant Peru mine takes offline world's three biggest mines, but worries about demand drops copper after huge jump in warehouse stocks.

Value of mining M&A plunges to lowest level since 2004

While the number of deals made last year increased by a third, it's the low value of the M&A that stands out in EY's latest report.

Copper will trend lower this year: Jiangxi boss

The head of China's second-largest copper refiner is sounding a bearish note on the red metal, even as the country is targetting higher economic growth.

Indian iron ore shipments up 169%

The amount of iron ore handled by India's ports has more than doubled in the period between April 2016 and January 2017.

Chinese coal draw-down gathers pace

Coal continues to be the sector in the cross-hairs of Chinese plans to shift its energy mix away from fossil fuels and into cleaner renewables.

Mining industry leaders meet again at PDAC 2017

For the second consecutive year, PDAC will host the International Mines Ministers Summit (IMMS) with 25 countries attending to it.

CAT shares hammered as feds search offices

Federal officials executed a search warrant at three of Caterpillar facilities, including the corporate headquarters in Peoria.

Joy Global posts first-quarter loss, but will pay dividend

Joy will pay a dividend of $0.01 per share by March 31, provided that the proposed merger with Komatsu America Corp. does not close before the close of business on March 17, 2017.

Human activity creates 208 new mineral species

Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls

Copper price jumps on Grasberg grind, Escondida escalation

Freeport sees "fundamental shift" at iconic mine as Indonesian spat gets heated and dispute at giant Escondida copper mine in floods-hit Chile turns ugly.

BC Iron tries its luck in the potash industry

Joint venture with Kalium Lakes has added the Carnegie potash project in Western Australia to the company’s increasingly diverse project portfolio.

China’s coal consumption keeps plummeting, down for 3rd year in a row

Coal accounted for 62% of the nation’s energy mix last year, down from 64% in 2015.

Canada’s Saskatchewan and Manitoba are the world's new top mining destinations

Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.