Asia Top Stories

Sumitomo predicts record loss as covid-19 hits nickel project

Japanese company forecasts a record net loss of 150 billion…

PNG halts Ok Tedi copper mine over covid-19 cases

Seven workers tested positive and the country faces a surge…

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Indian coal giant buys SA rights

Later this month Coal India Ltd (CIL), the world's biggest coal producer, will sign an agreement with the Limpopo government in terms of which it will receive mining rights on various coal blocks in that province.

Rio Tinto makes diamond foray in India

Could Indian diamonds be in Rio Tinto's future? According to Daily News and Analysis, the Australian mega-miner has received approvals-in-principle from the Ministry of Mines to begin diamond mining operations in the state of Madhya Pradesh:

Indian gold import data disappoints – Commerzbank

Indian gold import data is much lower than expected, according to the Bombay Bullion Association, says Commerzbank, and this could have implications for physical prices. Commerzbank notes that the association says India imported “only” 125 tons of gold in the fourth quarter of 2011, with buyers hampered by a combination of high prices and high domestic interest rates.