Asia Mining News

India's surging coal imports driven by captive power users: Russell

India's coal imports appear headed for another strong month in August, raising the question as to why the usually cost-sensitive market hasn't scaled back purchases given a surge in prices to the highest in nearly seven years.

Hedge funds turned record short on metals just before the rout

As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.

Asia gold buyers snap up bargains as price dive revives demand

Physical gold demand in India regained momentum this week as jewellers stocked up after prices dipped to their lowest in over seven months.

JX Nippon Mining, Mitsui dodge strike at Chile's Caserones mine

Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.

Kaz Minerals surprises market with dividend, Russian copper project buy

The copper miner said it would pay a dividend of 6 cents per share, the first since 2012, when it began ramping up its two mines in Kazakhstan.

Japan utilities, Glencore set annual coal contract at $110/T

Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne.

Seven die in Pakistan mine blast, six missing

A mine explosion in Pakistan's southwestern city of Quetta killed at least seven coal miners, a mining official said on Monday, with authorities expecting the death toll could rise.

Trump escalates feud with Turkey, imposing higher metals tariffs

Trump's move sendsReut Turkey's lira currency deeper into tailspin

Global bauxite production to grow: Fitch

Fitch Solutions Macro Research states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India’s production ramps up, and existing projects in Guinea drive growth.

Glencore credits China's 'Blue Skies' program for strong H1

Protectionism could limit future growth.

Graphite: China’s H1 exports of natural graphite up 9% on previous year

Demand for spherical graphite continues to grow rapidly for use in the anodes of lithium-ion batteries.

Coal miners to see improved finances: Fitch

The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong.

Sole supplier puts cobalt (and EV) market at risk: IEA

For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business.

Russia's Rusal shuts down Nadvoitsky plant due to U.S. sanctions

Russia's Rusal is the world's largest aluminium producer outside China.

Copper supply woes on show with No. 2 mine output to halve

Production at Grasberg in Indonesia will fall by more than half next year as its giant pits transition to underground operations.

More northeast China cities cancel alumina projects amid public backlash

China alumina, aluminium output set for repeat curbs this winter.

Massive gold treasure found in Kazakhstan

Archaeologists unearthed 3,000 gold and precious metals objects and jewelry pieces.

China's Shandong province cuts steel and coal capacity in environment plan

Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year.

India's Goa state to push federal govt to restart mining

The resolution seeks to amend laws in Goa so that existing miners can continue to extract ore for about 20 years.

White House escalates China trade dispute to secure early breakthrough: Kemp

Trump has reportedly rejected a plan to levy tariffs of 10 percent on an additional $200 billion of imports from China and ordered aides to prepare a proposal for tariffs at the higher rate of 25 percent.

Rio Tinto down despite $7.2bn cash return to investors

Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.

Indonesia unlikely to change coal supply, pricing rules until 2019

Any revisions would need to be discussed with the coal and power industry beforehand, and any impacts on state revenue would need to be calculated.

Anil Agarwal given more time to make firm offer for Vedanta Resources

He has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for 778 million pounds ($1 billion).

Caterpillar says tariffs will wipe out up to $200M

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.

India’s state-owned miner to start digging for local gold

Chigargunta-Bisanatham will be an underground mine and it would mark the first time the NMDC develops this type of operation.