Asia Mining News

Luxembourg becomes first European country to pass space mining law

The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.

Iron ore price hits 10-week high on China renewed appetite

Ore with 62% content in Qingdao added $1.86 overnight to close at $65.91, the highest since May 3 and 20% more than those year lows hit mid-June

Indonesia seeks meeting with Freeport CEO to end copper mine dispute

Indonesia says it will invite the head of mining giant Freeport McMoRan Inc to Jakarta this month to try to settle a festering dispute over a new deal to operate the world's second-largest copper mine.

Private capital says no to mining

Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.

Novo signs MOU to partner with Sumitomo Corporation to move Beatons Creek towards production

Novo Resources Corp. is pleased to announce that the Company has entered into a memorandum of understanding (the “MOU”) with Sumitomo Corporation, Japan (“Sumitomo”) to further develop the Company’s Beatons Creek project in the Nullagine region of Western Australia. The MOU is non-binding except as to certain provisions.

Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings

Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.

London court hears Vedanta's challenge to Zambian villagers' pollution claim

Case has potential to set precedent for other foreign claims.

As Indonesian nickel ore flows again to China, famine turns to feast: Andy Home

The flow of Indonesian nickel ore to China has resumed after a three-and-a-half year break.

Top 3 coal countries produced 6% more coal from January to May

Just when you thought coal was out, the fossil fuel appears to be back on the burner.

Malaysia extends bauxite mining moratorium for six months

Moratorium aims to restrict illegal mining activity on private land and companies that ignore mining guidelines, resulting in environmental pollution.

Caterpillar reshuffles top management for mining divisions

Doug Hoerr, Caterpillar's vice president of the material handling & underground division, is retiring in August after more than 20 years with the company.

Rio Tinto shareholders greenlight sale of Aussie coal assets to Yancoal

The approval ends a three-week bidding war between Yancoal and Glencore over Rio's thermal coal assets in Australia.

Mongolian herders ink historic agreement with Oyu Tolgoi mine, government

Accompanied by OT Watch and Accountability Counsel, herders in the South Gobi used the IFC’s complaint office to negotiate agreement.

Rio brushes off Glencore latest offer for coal mines, sticks with Yancoal

The company has chosen to sell its Hunter Valley coal mines to China-backed Yancoal, but shareholders will decide.

China shuns Indian iron ore in favour of Australia's

Chinese steel mills are turning their backs on India and embracing Australia as a source of higher-grade ore for steelmaking.

EUR/JPY exchange rate and gold

Some analysts claim that the cross rate between the euro and the yen affects the price of gold (the term “cross” meaning here that the quote does not involve the U.S. dollar). Are they right? Let’s see the chart below and check it out.

Glencore fights back, sweetens deal for Rio Tinto’s Australian coal assets

Fresh bid is far better than the $2.55bn it offered earlier this month and considerably more than the $2.45bn offered by Yancoal, the Chinese-backed miner that is Rio’s preferred buyer.

Freeport Indonesia says giant copper mine running as normal despite strike

Company says Grasberg copper mine is running as normal

Freeport Indonesia workers to extend strike for a month – union

Thousands of mine workers at the Indonesian unit of Freeport-McMoRan Inc will extend their strike for another month to protest against layoffs, a union official said on Wednesday.

World’s top coal producer to close 37 mines

Coal India, responsible for about 82% of the nation's total coal output, said the closures would save around 8 billion rupees ($124 million).

Western Australia bans uranium mining, but existing projects safe

Toro Energy's Wiluna project, Vimy Resources' Mulga Rock project, as well as Cameco's Kintyre and Yeelirrie projects allowed to go on.

Yancoal trumps Glencore bid for Rio Tinto’s coal mines

The acquisition would make of Yancoal Australia’s largest pure-play coal producer.

Rio Tinto in search of next Oyu Tolgoi in Mongolia

Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.

Japan’s Sumitomo Metal becomes IAMGOLD partner in Canadian project

With the completion of the Japanese firm acquisition of 30% of Côté Gold Project, IAMGOLD's liquidity now exceeds $1 billion.

Small-cap mining stocks, big-time opportunity

It’s a buyer’s market—if you know what you’re looking for.