Asia Top Stories

Chile taps China, Japan in lithium-for-tech push; faces tough sell

The world's No. 2 lithium producer has held global road…

Nickel mining indefinitely suspended in southern Philippines

The Philippines was the world's second-largest nickel ore producer in…

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Thousands stranded after landslide, but mine still operational: Freeport McMorran

A landslide Saturday near Freeport McMorran's Grasberg mine left thousands of workers stranded, but was not expected to impact operations at the world's largest copper mine, a company spokesperson told Reuters: A weekend landslide buried a key road access tunnel to Freeport-McMoRan Copper & Gold Inc's Grasberg mine in Papua, Indonesia, leaving thousands of workers stranded, but a company spokesman said operations were continuing as normal. Freeport is the world's largest publicly traded copper miner, while Grasberg has the world's largest recoverable reserves of copper and the largest gold reserves.


Huge new copper gold intersection at Wafi-Golpu in PNG

Newcrest today reported a staggering intersection of copper gold - 883 metres grading 2.15% copper and 2.23 grams/tonne gold at its Wafi-Golpu project. The project is part of the Morobe Joint Venture with Harmony Gold of South Africa and Wafi-Golpu is seen as the next project to develop after the now established Hidden Valley gold project in the Morobe region.

Massive Oyu Tolgoi copper-gold project may be major silver producer-Friedland

The massive Oyu Tolgoi copper-gold project in southern Mongolia is now expected to produce an average of more than 3 million ounces of silver annually during its first 10 years of commercial production. In a news release Thursday Ivanhoe Mines CEO Robert Friedland said "Oyu Tolgoi will rank as a very substantial silver producer when commercial production begins in 2013."

Kazakhmys remains confident of copper’s longer term outlook

Kazakhmys, the world's 10th largest copper miner, was confident the long-term outlook for copper remained positive as a surge in prices drove its full-year profit higher. Kazakhmys said on Thursday its 2010 earnings before interest, tax, depreciation and amortisation (EBITDA) rose 59.5 percent to $1.93 billion. According to Thomson Reuters I/B/E/S estimates, the average EBITDA forecast stood at $1.86 billion.

45% decline in Japan’s copper exports over last year

Japan's Ministry of Finance data reveals drop in refined copper exports to 26,208 tonnes. TOKYO (Reuters) - Japan's refined copper exports fell 45 percent in January from a year earlier to 26,208 tonnes, for a fourth straight month of year-on-year