Asia Mining News

ABB to help double production capacity for copper concentrator in Kazakhstan

ABB AbilityTM MineOptimize provides integrated process and power control and serves as the digital foundation for new production line.

Global consumer demand for diamond jewellery hits new record high of US$82 billion

An increase in self-purchase of diamond jewellery helped drive demand, representing 33% of total US diamond jewellery pieces acquired in 2017.

Centerra gets $200 million for royalty portfolio and Kemess silver stream

The miner is receiving an upfront cash payment of $155 million for AuRico Metals’ royalty portfolio and about $45 million payable in four tranches for Kemess's silver output.

Historic blue diamond auction exceeds expectations — sold for $6.7 million

The Farnese Blue diamond, which was passed down through European royal families for about 300 years, sold Tuesday for $1.4 million more than the maximum figure experts estimated it would fetch.

Rio Tinto says climbing costs, resource nationalism once again big threats

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.

Supercycle may be setting up for higher commodity demand

Conditions may be in place for increased demand and increased prices for a number of commodities including natural gas, copper, aluminum, and gold.

How to trust the expansion of uranium mining in India

The big picture of power availability in India stresses the importance of urgent action.

India's thermal coal imports rise over 15 pct in Q1 – trader

India's rising coal imports are contributing to higher demand across Asia this year.

Chile’s Caserones copper mine a pain in the neck for Japanese owners

The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.

Legal fight, delays force Adani writedowns on Carmichael coal mine

The writedowns are said to stem from Adani being forced to duplicate studies and redesign elements of the Carmichael project due to delays in regulatory approvals and ongoing legal challenges.

U.S. producers hurt by Chinese steel wheel imports – trade panel

The alleged dumping margins ranged from 12.1 percent to 231.7 percent, and U.S. imports of the products from China in 2017 were estimated to total $388 million.

Asia coal industry sees blue skies, ignores storm clouds: Russell

While there may be scope to be bullish on the short- to medium-term outlook for coal, the risk factors for the industry appear to be mounting.

Erdene soars as Altan Nar project in Mongolia proves larger than predicted

Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.

N. American gold ETF inflows at highest since September 2017 -WGC

North American gold-backed ETFs rose 43.7 tonnes worth $1.9 billion in April.

The DJIA, gold industry, & gold equities

Gold orientated discovery company, Westhaven Ventures, is currently drilling a potentially high grade epithermal gold target in an underexplored gold belt.

Gold to remain influenced by political uncertainties and geopolitical risk around the world

Political uncertainty, including Brexit negotiations, along with ongoing tensions in the Middle East will remain gold’s key drivers.

Indonesia grants tin export permits to 12 companies including PT Timah

The country's biggest tin miner PT Timah Tbk received a permit to ship 32,305 tonnes.

Gold imports by India are said to have plunged for fourth month

Imports in the first four months totaled 211.7 tons, a drop of 43 percent from a year ago, data collated by Bloomberg show.

Biggest miner says China's shift to quality iron-ore will hold

BHP forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron ore and coking coal as consumption of the alloy keeps growing well into the next decade.

Indonesia sees coal output flat in 2019 amid equipment shortage

Amid concerns Indonesia could exhaust existing minable coal reserves of 13 billion tonnes 25 years, the government is considering measures to push miners to carry out exploration work before they can obtain permits to increase output.

China's iron ore rises on renewed steel output; 2nd day of foreign trade

Utilisation rate at mills climb back to November level.

Qatar steps in to buy Rosneft stake after China deal collapses

Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.

Coal mine deaths climb to 23 in southwest Pakistan – officials

At least 16 miners died on Saturday and more than a dozen were trapped after an explosion in a mine in the Marwar coalfields.

WGC latest report shows how weak gold demand has been this year

Global demand dropped so much between January and March that the period became the weakest first quarter since the 2008 financial crisis.

China opens iron ore market to the world in pricing, image push

China to allow foreign investors in iron ore futures from Friday.