Asia Mining News

Komatsu sales growth to slow as miners avoid new equipment buys

Miners were forced to curb spending by a collapse in commodities prices in 2015-16, but a partial price recovery since then has eased the pressure.

Why diamond trading slowed down in March

Rapaport expects polished trading to continue slowing in the coming months.

Vedanta Resources expects supply constraints to sustain zinc prices

Vedanta could accelerate expansion of its African zinc operations to take advantage of strong prices.

Mining industry must improve human rights, environment protection — index

The Responsible Mining Index, launched in Geneva on Wednesday, assesses the policies and practices of 30 large companies that produce 25 percent of mined commodities, from gold to copper and coal, operating in more than 40 countries.

Bahrain could host World Jewellery Confederation Congress

In 2017, the kingdom created DANAT, the Bahrain Institute for Pearls & Gemstones.

Korea's LG Chem to set up battery material JVs with China's Zhejiang Huayou Cobalt

LG Chem to raise $224.8 mln by 2020 to set up two JVs.

China utilities plan new coal import price index to curb volatility

Even as China's government tries to cut the use of dirty fuels, coal still accounts for a majority of the country's power.

Vedanta's request to renew copper smelter operations in India rejected

The rejection comes amid almost daily protests against a proposed expansion of the smelter by the people of Thootukudi.

Iron ore giant says miners have shut gates on new supply

Global iron ore miners have turned off the tap on adding new production capacity to feed China’s steel mills.

This historic blue diamond is expected to fetch up to $5.3 million

The Farnese Blue, passed down through European royalty, goes on sale for first time as part of a Sotheby’s auction to be held in Geneva, on May 15.

China launches WTO complaint on U.S. tariffs linked to IP issues

Beijing has sought consultations with the United States, the first step in a WTO dispute, over its announced tariffs on $50 billion worth of Chinese imports.

India demand up ahead of festival, subdued buying elsewhere

This month Indians will be celebrating the annual festival of Akshaya Tritiya, when buying gold is considered auspicious.

Vedanta copper unit draws ire of movie stars on pollution claims

Stars-turned-politicians are lending their voices to protests by neighboring villagers against the plant in Tamil Nadu because of health concerns.

World’s top miner BHP quits global coal group over climate stance

The miner is withdrawing from the World Coal Association over a clash of views on how to fight climate change, with BHP saying it’ll reap little benefit from staying on as a member.

Vedanta, others can transport royalty-paid iron ore from Goa -Court

India's Supreme Court in February quashed all iron ore mining permits in the southwestern state of Goa, one of the top producing states for the steel making raw material.

Murray & Roberts scores $313 million worth of new mining projects

South African engineering and construction group, currently subject of a takeover bid from Germany’s ATON, said projects were located in sub-Saharan Africa, North America and Australasia.

CHARTS: Mining rally running out of steam as copper price weighs

Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.

Japan's Mitsubishi Materials sees H1 copper output up 7 pct y/y

Japan's third-biggest copper smelter said it plans to produce 187,374 tonnes of refined copper during April-September.

China hits U.S. goods with tariffs as 'sparks' of trade war fly

New trade measures effective Monday.

Kazakhstan and Mongolia meeting highlights uranium mining cooperation

The two countries on 30 March signed a Memorandum of Understanding focusing on geology and development of mineral resources and civil aviation.

Mongolia arrests ex-minister in Swiss graft probe — govt

A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009.

Vedanta wins bid to buy bankrupt Electrosteel Steels

The transaction, financial details of which were not disclosed, is part of India's new bankruptcy law.

Indonesia coal miner Bumi posts record profit, sees 10 pct output rise

Bumi expects coal prices to increase by 5 percent this year over last year's level of $58 per tonne.

China steel, coking coal jump on Handan curbs, short covering

Shanghai rebar surges 4.4 pct after Handan steel, coking cuts.

Britain's Vedanta hit by up to $600 mln charge for Goa iron ore unit closure

The latest ban would affect not only Vedanta but also several small unlisted companies run by local families.