He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.
Asia Mining News
Former minister Lopez had to leave the post after the same legislative panel that delayed Cimatu’s confirmation rejected her appointment.
BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.
The International Institute of Diamond Grading & Research, part of De Beers Group, has established four new diamond grading partnerships with leading diamond jewellery retailers in Thailand, Vietnam and China.
Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.
The company, India's biggest local steelmaker, aims to be producing 80% of the iron ore needed for its flagship plant in south India in three years time
Rio Tinto’s iconic Argyle Pink Diamonds Tender is being showcased to connoisseurs and collectors from across Asia in Hong Kong.
North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.
Canadian miner announces comprehensive settlement over Kumtor gold mine – Asian nation unfreezes cash and drops all environmental claims, lawsuits.
Demand for physical gold in Asia could pick up in the coming weeks as India's festival season drives interest in the metal, after high prices kept buyers at bay again this week.
According to the World Coal Association, India will need to ally with countries including the US, Japan, and Australia, to get cheaper funding from multilateral development banks to access cleaner technology.
Canadian miner outlines terms of proposed environmental settlement with Asian nation that would remove cloud over massive Kumtor gold mine.
"We have seen the interest of clients from Asia Pacific," the company’s Vice President said
The world’s largest rough diamond producer by value reported provisional revenue of $505 million compared with $639 million in the same period a year earlier.
Rodrigo Duterte said ban should remain in place given the environmental damage it causes, but noted he would give companies time to find alternative mining methods.
India’s very first uranium mine now hosts a laboratory for conducting experiments in fundamental physics
Gold prices jumped to their highest in almost a year as a weaker dollar and escalating tensions between the United States and North Korea
Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.
South Korea’s SK Innovation said on Thursday it has started commercial production of lithium-ion batteries with an increased portion of nickel, while reducing the usage of expensive components such as cobalt to extend battery life and cut costs.
BacTech Environmental: “Green Gold” processing technology addresses artisanal mining and ARD problems
Every year millions of small-scale miners toil in the baking sun, collecting and breaking rocks with the goal of extracting small amounts of gold - enough to make a living in some of the most impoverished corners of the world.
The company has greed to reduce its stake in the Grasberg mine to 49% in exchange for licenses to operate the massive copper and gold pit until 2041.
The Indian Commodity Exchange Limited (ICEX) will start trading in 1 carat/100 cent contracts, to later add 50 cent and 30 cent contracts.
Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.
China will shut 6,000 non-coal mines in an effort to reduce mining accidents and deaths by 2020, the State Administration of Work Safety said in a five-year plan.
In an effort to receive more financial benefits from mining operations, the government's proposal will also require investors in the sector to get legislative approval before operating.