Forget gold, the crazy cobalt price or lithium frenzy; this junior mining company is upending the sapphire (yes sapphire) market.
Malaysia Mining News
The issuing of export permits, however, will resume as soon as existing stockpiles shrink.
The country, the biggest supplier of bauxite to China, said the ban takes takes effect from Jan. 15.
Malaysia is pushing to suspend bauxite mining due to concerns about its impact on the environment, a cabinet source said on Saturday, threatening to interrupt supplies of the aluminium-making material to China.
ANZ predicts that as incomes rise across Asia, particularly in China and India, so will the appetite for gold rings and necklaces.
Five Chinese workers were injured Saturday in a coal mine explosion in eastern Malaysia, Chinese consulate in Kuching told Xinhua on Sunday. The explosion has left three persons killed and 29 injured.
Emerging markets may give support going forward.
Event increases global tensions and demand for safe-haven metal.
Firm struggled to increase output due to problems at Malaysian plant.
Number one iron ore producer, Vale says first of its giant carriers will dock at its new Malaysian transshipment hub next month.
Opponents of the Australian rare earth miner's controversial Malaysian refinery are calling for a shutdown after an accident at the facility over the weekend killed an engineer.
World oil production rose about 2.5% last year, from 4,019 million tonnes in 2011 to 4,119 million tonnes in 2012.
Australian miner rockets 14% after saying first commercial rare earths available within weeks. Molycorp et al surge in sympathy.
A Malaysian court dismissed an appeal against a temporary operating licence for Lynas Corp (ASX:LYC), an Australian rare earth miner, despite residents' opposition over alleged radioactive hazards.
Won't be allowed to treat waste in Malaysia. Shares suspended.
Besra Feasibility drilling delivers a 42% resource increase at Jugan Hill, and 9.4% overall increase at the Bau Goldfield
And a 9.4% overall increase at the Bau Goldfield.
After months of polemic and legal battles, Australian rare earths miner Lynas (ASX:LYC) has finally begun production at its Malaysian processing plant following a recent court triumph.
Yet investor hopes remain undiminished
Shares in Australia’s Lynas Corp soared as much as 12% Friday after the company said its first shipment of rare earth concentrates arrived in Malaysia, indicating an imminent start of operations at its controversial processing plant.
Lynas Corp. plans to raise up to AUD 200 million (USD 208 million) in order to help fund the start-up of operations at its LAMP site in Malaysia.
Australia's Lynas Corp (ASX:LYC) won Thursday the latest of a series of long-dragged legal battles against activists, which took the company to court for allegedly causing major health and environmental damages to the Malaysian population.
Malaysian state-run oil company Petronas has extended the deadline for its takeover bid for Canadian gas producer Progress Energy Resources Corp.(TSX:PRQ) in hopes it will be able to overcome Ottawa's objections to the $5.2 billion deal.
The Malaysian authorities have intensified a crackdown against fraudulent gold traders with raids against several companies last week.
Olympus Pacific Minerals Inc. (TSX:OYM)(ASX:OYM)(OTCQX:OLYMF)(FRANKFURT:OP6) has drilled a 24.50 meter intersection grading 7.15 g/t gold in drill hole JUDDH68A at its Jugan Hill deposit within the Bau Gold Project in Sarawak, East Malaysia. This result adds weight to the company's expectation of higher gold grades at depth.
According to a report by Fairfax Media, Lynas Corporation Limited may face more obstacles at its rare earths processing plant in Malaysia after a group of activists confirmed its commitment to obstruct the project.