Asia Mining News

Freeport CEO open to all options, even sale, after Grasberg

Richard Adkerson says any strategic move is now possible, including acquisitions, partnerships, or even a sale of the entire company.

War on coal is heating up, but China is still the key

The IPCC report highlights that coal now has its back very much against the wall, but equally that the real power for change lies in Beijing.

Thailand’s exit from gold to worsen regional underperformance

Since shutting down of all gold mining and exploration activities in 2016, the country has been losing both tax revenue and investors, a new report shows.

Lynas shares jump on Malaysia review comments

Shares in Australian rare earths miner Lynas Corp jumped 12 percent on Friday after Malaysia's prime minister downplayed the roles of two Lynas critics.

Asia Gold-India discounts widen; Bangladesh launches trade policy

Higher domestic prices dented demand for physical gold in India, prompting dealers to offer the biggest discounts in 3-1/2 months this week.

Glencore, Tohoku Electric set coal contract price at $109.77/T

The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.

How these mats have generated $20 million since 2015

Despite Indonesia being blessed with an abundance of natural resources, there has been limited foreign investment into greenfield projects within the nation. So plentiful are Indonesia’s resources, global mining companies regularly rank Indonesia highly in terms of coal and mineral prospectivity. However, one of the major roadblocks to greenfield projects in Indonesia, is accessibility.

Eurasian Resources Group sets out vision for responsible cobalt supply at two major sustainability conferences in New York

Eurasian Resources Group participated reiterated its commitment to the Global Battery Alliance, a World Economic Forum initiative to showcase how the Group will ensure a responsible cobalt supply chain for the future.

India's Q4 gold imports to jump as investors seek safer bets than stocks

Gold imports could rise 9% in Q4 to 250 tonnes.

Lynas presses Malaysian authorities to explain plant review status

The newly-elected coalition government is said to be ready to launch a three-month evaluation of Lynas' rare earths processing plant, which may end with authorities denying the company’s operating license renewal in Sep. 2019.

Gold coin `Sultan' faces death penalty as Iran hunts speculators

The government embarked on a drive to root out corruption and punish speculators it blames for exacerbating the currency crisis.

Vedanta to invest $4B in India block to boost output

Vedanta Ltd is investing to boost oil output from its flagship Barmer block in the desert state of Rajasthan to over 400,000 barrels per day (bpd) in 2021.

Japan's Mitsui Mining expects H2 zinc output to rise 3.6 pct y/y

Mitsui Mining and Smelting Co Ltd plans to produce 114,600 tonnes of refined zinc during October-March in the 2018/19 financial year.

Japan Q4 aluminium premiums set 22 percent lower than Q3

Premiums for Japanese aluminium shipments for the October to December quarter were set at $103 per tonne.

Glencore mulls integrated LNG project in Philippines

The project would be for a Floating Storage Regasification Unit (FSRU) to import gas directly to a power plant in the country.

Shell, partners approve huge $31 billion LNG Canada project

This is the largest new LNG project of its kind in years.

China battery firms set up $700m nickel joint venture in Indonesia

Several global metals producers have also set their sights on Indonesia's nickel reserves, looking to tap an expected surge in demand for the battery metal.

Asia Gold-Buying picks up in China on lower prices; India discounts narrow

Physical demand saw an uptick in the world's biggest gold consumer, China, after prices fell to six-week lows this week.

Komatsu to build $285m headquarters in Milwaukee

The planned campus would include about 170,000 square feet of office space, a 20,000-square-foot museum and training building, and 410,000 square feet of manufacturing space

China plans to launch iron ore options in 2019

As the world's top buyer of the steelmaking raw material looks to offer more hedging tools to iron ore producers and steelmakers.

Freeport, Rio formally yield control of giant Grasberg mine to Indonesia

Agreements give a majority stake in the giant Grasberg copper and gold mine to a local state-owned firm, becoming the country’s biggest divestment by a foreign resources company.

Indonesia 2018 coal output target now around 507m tonnes – Energy Ministry

Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes which may add to downward pressure on prices for the fuel.

Lynas shares collapse on rumours of review in Malaysia

Malaysian media reported the newly-elected coalition government will shortly begin a three month evaluation of the company's rare earths processing operations in the province of Kuantan.

Copper nanoparticle ink is a thing and scientist want to use it for printing

Copper nanoparticle ink can be used to print cheaper electronic circuits.

Mongolian court says copper mine nationalisation broke laws

The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine.