Asia Mining News

Plans to restart giant Bougainville mine stall as operating rights battle rages

Plans to reopen one of the world's biggest copper mines, shut by a civil war on the Pacific Island of Bougainville in 1989, have run into trouble.

Graphite seeing some upward movement

The graphite market has shown its first sign of life in a few years with some upward price pressure.

Vanadium: the energy storage metal

Vanadium redox flow batteries (VRFBs) are fairly unique in the battery world.

Indonesian exports 1.49m wmt of nickel ore by end-Sept

The ministry resumed exports of unprocessed minerals earlier this year and had started to roll out exports quotas in April.

DGCX opens Shanghai Gold Futures

The Dubai Gold and Commodities Exchange is entering as a global player in precious metals with its Shanghai Gold Futures contract (DSGC).

Gold price: ETF investors remain bullish

North American investors poured $2.5 billion into gold-backed funds in September despite pullback in gold price.

Philippines confirms environment minister who supports open pit mining ban

Roy Cimatu, who replaced ousted ecologist Regina Lopez in May, has said he would review evidence brought forward by mining companies and communities before deciding whether to keep, modify, or reverse his predecessor's measures.

Discovery of newsworthy diamonds picks up

Over the last nine years 66 record-breaking and other noteworthy diamonds were recovered, and 61 of those have been found within the last five years.

Chinese EV market nearing 2% penetration

Plug-in-vehicle market in China surges to a record 1.8% of total passenger vehicle sales.

Denver Gold Forum 2017 concludes with record activity

As the world’s premier precious metals equity event, the Gold Forum attracted 1,000 attendees who conducted a record 3,900 meetings.

Freeport at loggerheads with Indonesia over divestment-letter

The world's second-largest publicly traded copper company has issues with the proposed divestment plan, including valuation, timing and structure.

World's largest coal miner looking to buy metal mines abroad

Coal India's plan to diversify into mining metals such as copper and nickel with no prior experience is being seen by analysts as a long-term strategy to firm up revenues, with no immediate results in sight.

China bought tonnes of North Korean coal

North Korea’s biggest trading partner imported 1.64 million tonnes of coal in August

Freeport can seek extension for Grasberg permit talks -minister

Indonesia’s mining minister said on Thursday that Freeport McMoRan Inc could request an extension of six months to renegotiate rights to Grasberg.

HKEX plans to launch iron ore futures in November

Hong Kong stock exchange plans to launch a U.S. dollar-denominated, cash-settled iron ore futures contract in Hong Kong to compete with U.S. & Asian rivals.

China-backed Yancoal Australia exercises option to up stake in coal mine

The agreement brings Yancoal’s stake in the Warkworth project to about 85 percent.

Indonesia's Freeport victory sets tone for foreign miners

After months of negotiating with U.S. giant Freeport-McMoRan Inc, minister Ignasius Jonan secured majority local ownership of Grasberg gold and copper mine.

Zinc deficits persist in the short term: BMI

A new report from BMI Research states that the global refined zinc market will remain in deficit over the next few years

ABB teams up with Northvolt on Europe's biggest battery plant

Swedish project, envisioned on scale of Tesla's Gigafactory, aims to cater to auto industry, compete with Asian suppliers.

Komatsu America Corp. introduces the new D375A-8 crawler dozer

Komatsu America Corp., a leading global heavy equipment manufacturer, introduced the D375A-8 crawler dozer today

China wants to reduce winter pollution by cutting steel production

China is expected to slash in half the rate of steel production in Tangshan, a city in the north-east that produces 11 per cent of the country’s total output

China and Argentina to strengthen mining cooperation

The Asian giant is very interested in “intensifying investment trade and cooperation” with Argentina

Investors wary as Tanzania moves to assert more control over mines

New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa's brightest mining prospects

Central Asia Metals to buy Lynx Resources for $402m

The deal is expected to be both earnings- and cash-flow-per-share-accretive in the first full year, the company said.

Miner Kincora secures EBRD help to explore Mongolia

The European Bank for Reconstruction and Development will acquire a 6.16 percent stake in the Canadian company for 1.4 million Canadian dollars ($1.1 million) to further its exploration in Mongolia.