Asia Mining News

Beijing plans to cut coal use by 30 per cent to fight air pollution

Beijing will intensify its battle against choking air pollution this year and aims to cut coal use by 30 percent, state news agency Xinhua cited the mayor, Cai Qi, as saying.

China plans to destroy an ancient Buddhist city to get the copper buried there

Two Chinese state-owned mining companies plan to destroy an ancient Buddhist city in Afghanistan in order to get the copper underneath it, according to a new documentary.

Freeport may curb Indonesia operations if Grasberg deal delayed further

Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.

Vancouver miner escapes Philippine crackdown

B2Gold escapes crackdown in Philippines, but Australian-Canadian OceanaGold has mine suspended.

Did this financier just call the end of the mining rally?

Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.

Cameco to lose $1.3bn as Japan’s TEPCO cancels uranium contract

Tepco’s termination of the contract would affect about 9.3 million pounds of uranium deliveries through 2028, Cameco said.

Here’s what miners should expect and do in 2017

While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"

Freeport, Indonesia work out Grasberg deal

US copper giant to be given temporary exemption under new mining rules to resume copper exports from Grasberg mine.

Freeport may resume copper exports from Indonesia in ‘a day or two’ — authorities

Government is considering to extend the miner a temporary permit, valid for up to six months, which would pave the way for Freeport to resume exports from Grasberg.

Report: Freeport can ride out Grasberg storm

Indonesia's concentrate export ban, new ownership rules and licence conversion worry investors in Arizona copper giant.

Gold price: Physical demand from India, China craters

Study shows global surplus of gold jumped to highest since 2005 at the end of last year while worldwide jewellery fabrication is back at 1988 levels.

The world's 10 largest copper mining projects

INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.

Freeport shares plunge on Grasberg troubles

World's largest listed copper miner said Indonesian export ban will force it to slash spending and operate its giant Grasberg operations at 40% capacity.

US withdrawal from TPP to impact steel sector — Wood Mackenzie

Steel the US has traditionally exported to TPP countries is high in value–added, which is exactly the kind of product that helps keeping the high-cost local steelmaking business afloat, analysts warn.

India's minuscule gold mining industry

Domestic gold production could double in 2017 – to 100,000 ounces.

De Beers has just sold largest amount of rough diamonds in a year

The world's top diamond producer sold $720 million of rough gems at its January offering as retailers restocked after the holidays.

Vancouver junior inks $1 billion a year potash deal

Encanto closes deal to supply minimum 5m tonnes of potash per year to Indian farmers for the next 20 years.

First shipment of iron ore from Vale’s new S11D mine en route to Asia

The company has loaded 26,500 tonnes of iron ore onto three ships at the company's port of Ponta de Madeira.

Nickel prices plummet as Indonesia eases export ban

Far-reaching new mining rules ease a controversial ban on exports of nickel ore and bauxite.

Private capital rotating into mining and metals

Private capital funds raised $2.1 billion for mining and metals investment in 2016 – this year 13 funds are targeting $10 billion says new study.

Coking coal price crashes through $200

Coking coal takes 6% tumble on Tuesday for a $120 a tonne decline over just six weeks.

Erdene new gold zone at Mongolia Bayan Khundii project larger than expected

Bayan Khundii project went from greenfield prospect to being Erdene’s flagship asset in roughly nine months.

World’s top uranium producer Kazakhstan to cut output by 10%

Analysts qualified the move as a “game changer.”

Western Australia about to get its first uranium mine

The state's environmental authority has approved Toro Energy’s Wiluna project, in the northern Goldfields.

‘Trump effect’ on resurgent Iranian mining sector close to none — analysts

Any re-instatement of sanctions will, if at all, pose minimal additional hurdles to new investors, BMI Research says.