Asia Mining News

Mongolian Copper Corp considers international fight for Erdenet mine

State seeks enforced acquisition of MCC's Erdenet stake.

Vedanta considers building zinc smelter in South Africa

Company is accelerating expansion of its African zinc operations to take advantage of a surge in zinc prices.

Chaarat Gold offer to Centerra values Kumtor mine at $800 million

The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.

Battery metals supply crunch to slow near-term EVs growth — Moody's

Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.

Mint American Eagle gold coin sales at weakest April since 2007

Meanwhile, silver coin purchases for the month rose 10 per cent higher than last year.

Indonesia's Timah Q1 refined tin output down 23 pct

Refined tin output fell to 5,361 tonnes in the quarter from 6,963 tonnes in the same period last year, the company said in a statement.

China's metals trade is facing a year of upheaval: Andy Home

China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.

Why the lithium bears are wrong

What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.

Asia Gold-Buyers unimpressed by price dip; India shifts to premium

Physical gold demand lacked vigour in most Asian hubs this week amid a slight dip in prices.

World’s top uranium miner Cameco back in the black

But the Canadian company said the uranium market remained “quiet.”

Grasberg hardball scores an own goal for Indonesia: Gadfly

The most drawn-out deal in the global mining industry looks set for another round.

Fate of Centerra mine not sealed as Kyrgyz-owned company yet to see takeover bid

Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation’s largest gold operation.

Philippines' top nickel miner keeps sales guidance despite govt curbs

The Philippines' top nickel ore producer, Nickel Asia Corp, said its export plans in 2018 remain unchanged despite government plans to limit mining areas.

Caterpillar results prove global economy in good shape

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

Centerra rejects unsolicited offer for its Kumtor gold mine in Kyrgyzstan

Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project’s cash flow in the three-way deal.

Freeport profit misses on lower-than-expected copper sales

The Phoenix, Arizona-based copper miner reported a lower-than-expected quarterly profit on Tuesday as red metal sales missed the company's forecast.

Australia's Fortescue iron ore shipments, price fall in Q3

The iron ore producer reported a 2 percent fall in third-quarter iron ore shipments on reduced demand in China.

Indonesia's Adaro targets 35 pct growth in coking coal output

Indonesian coal miner Adaro Energy is targeting coking coal output of 1 million tonnes this year, up from 740,000 tonnes in 2017.

DRC miners hopeful new code issues can be resolved

They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.

India's Hindustan Zinc Ltd refinery joins LBMA's silver standard

The London Bullion Market Association has added Hindustan Zinc Ltd.'s (HZL) silver refinery in India to its 82-strong 'Good Delivery List.'

Billionaire Agarwal hires AngloGold's CEO to run Vedanta

Agarwal, who has been hunting for a new Vedanta CEO for more than a year, has consistently sought talent from the world’s biggest miners.

Anglo Asian's Azerbaijan gold output up 49 pct yr/yr in Q1

The London-listed firm said its total production of gold-equvivalent ounces (GEO) rose by 26 percent to 18,307 GEO from 14,577 GEO.

Indonesia expected to drop $19 bln worth of infrastructure projects

These projects will be dropped if they don't meet some requirements by the third quarter of 2019.

Global bauxite production to grow: BMI

A new report issued by BMI research states that global bauxite production growth will accelerate over the coming years.

Demand in India picks up ahead of festival

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