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Asia
 
COPPER

China refined copper capacity can cover domestic demand -Minmetals

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China's refined copper capacity is now sufficient to cover domestic demand, Xiaoguang Jin, Vice President of Minmetals Non-Ferrous Metals Holding Limited said on Thursday. China is the world's top user of refined copper. The comments suggest...
24th April 2014
 
 
SAFETY

Extremists halt CIL project work by extortion demands

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Workers at a project of Central Coalfields Limited (CCL), in the central Indian province of Jharkhand, have been forced to stop work by ultra left wing extremists demanding extortion money. While the company, which is a subsidiary of coal major...
24th April 2014
 
 
MONGOLIA COPPER

Mongolia March copper exports up 53% on rising Oyu Tolgoi sales

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Mongolia's copper concentrate export volumes leapt 53% year-on-year in March, with rising output from the $6.5-billion Oyu Tolgoi project run by Anglo-Australian miner Rio Tinto driving up sales, official data showed. According to figures...
23rd April 2014
 
 
PLATINUM

Platinum strike highlighting huge potential opportunity loss for economy

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The prolonged strike of the Association of Mineworkers and Construction Union in the platinum belt is highlighting the colossal potential opportunity loss to the South African economy should the country lose out on its platinum patrimony, which...
23rd April 2014
 
 
LEGISLATIVE ENVIRONMENT

Goa to frame new mining policy after lifting of mining ban

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Close on the heels of the India’s Supreme Court lifting a ban on mining in Goa, the provincial government is working on a new mining policy to be ready by June, and aims to get operations back on the rails by September. The new mining policy...
23rd April 2014
 
 
PLATINUM

Solidarity declares platinum belt partial disaster area

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Labour union Solidarity has declared the platinum belt a partial disaster area and sent in its helping-hand organisation to assist its non-striking members in the towns of Rustenburg, Brits and Mooinooi. “Non-strikers also lose a substantial...
22nd April 2014
 
 
IRON-ORE

India’s Supreme Court lifts Goa iron-ore mining ban, shadow of ban in Odisha

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India’s Supreme Court on Monday lifted the 18-month ban on iron-ore mining in western Indian coastal province of Goa subject to a cap of 20-million tonnes a year. However, while bringing cheer to miners in the west, the apex court order cast a...
22nd April 2014
 
 
POTASH

Low international potash import offer sparks flurry in Indian buying

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Indian potash imports are poised for a significant boost in 2014 as the sector saw a flurry of activity to clinch contracts at sharply reduced prices ranging between $320/t to $325/t, which was substantially lower than the $427/t mark recorded...
22nd April 2014
 
 
DIAMONDS

Rough diamond prices to bounce back in 2014 – lobby

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Natural rough diamond prices may rise 5% to 10% in 2014 on recovering demand for jewellery in developed and emerging markets, the head of Belgium's diamond lobby told Reuters in an interview. The global market came under pressure in 2013 as a...
21st April 2014
 
 
M&A

Barrick proposal to acquire Newmont hits roadblock – sources

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The talks between Barrick Gold and Newmont Mining over a combination that would create a gold mining behemoth have hit a snag, but two sources close to the situation say the companies remain keen on a deal and discussions are likely to resume....
21st April 2014
 
 
MARINE MINING

The robot is ready – so when will deep sea mining start?

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The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high-grade copper and gold from the seabed off Papua New Guinea (PNG) - when a wrangle over terms is solved. Beyond PNG, in international waters,...
21st April 2014
 
 
GRAPHITE

Chinese flake graphite consolidation could alter global supply structure

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China has revealed plans to consolidate operations in the world’s most prolific flake graphite-producing region – the Heilongjiang province, where most of the world’s battery raw material comes from – that could significantly alter the...
17th April 2014
 
 
 
 
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