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Asia News

Deloitte outlines trends to assist miners find new strategic approach

By: Simone Liedtke     29th January 2019 To thrive amid the demands and exigencies that the Fourth Industrial Revolution (4IR) presents, mining companies will need a new strategic approach – one that considers not only the full range of industry shifts and risks, but that also provides executives with an enterprise-wide view of their... 

Jogmec to establish Johannesburg office as African base to meet Japan's natural resource needs

By: Simone Liedtke     29th January 2019 The Japan Oil, Gas and Metals National Corporation (Jogmec) will open an office in Johannesburg on February 1. This brings the number of international Jogmec offices to 14. 

Cryptocurrencies are not a safe-haven, says World Gold Council

By: Simone Liedtke     29th January 2019 While cryptocurrencies may have a role to play in financial markets, the World Gold Council (WGC) believes their “behaviour” in an environment of market uncertainty underscores that cryptocurrencies are “not a viable substitute for gold as a safe-haven”. During the fourth quarter of 2018,... 

Palladium theft rampant – FT 

By: Martin Creamer     29th January 2019 Palladium, used in catalytic converters that reduce harmful petrol vehicle emissions, is catalysing a crime wave in the UK, says the Financial Times (FT) of London. “Thieves are stealing catalytic converters – often in broad daylight – and selling the devices to illegal scrap dealers for cash,”... 

Palladium theft rampant – FT
Photo by Bloomberg
A bar of palladium.

Brazil dam disaster may delay Samarco settlement for BHP, Vale

By: Reuters     29th January 2019 Brazil's deadly tailings dam collapse is likely to complicate a settlement for a similar disaster less than four years ago at the Samarco iron ore mine, owned jointly by Vale and BHP Group, investors said on Tuesday. Vale and BHP have been aiming to restart the mine as early as 2020 following a... 

Brazil dam disaster may delay Samarco settlement for BHP, Vale
A picture of the 2015 Samarco dam disaster.

Boost for international miners as India's thermal coal imports jump

By: Reuters     28th January 2019 India's 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi's government to cut imports in a bid to reduce its trade deficit. Coal is among the top five commodities imported by India, one of the... 

Boost for international miners as India's thermal coal imports jump
Ships are loaded in Richards Bay, South Africa. The country accounts for 22% of India's thermal coal imports.

Indian State-run JV to scout for overseas assets

By: Ajoy K Das     28th January 2019 The Indian government has formally approved a joint venture (JV) of State-run mineral companies exclusively dedicated to acquiring strategic mineral assets overseas. Christened Khanij Bidesh India Limited (Kabil), the JV partners to pick up equity will include, National Aluminium Company Limited... 

Indaba celebrates silver anniversary, reaffirms commitment to Africa

By: Nadine James     25th January 2019 The 2019 Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 4 to 7 – will be the twenty-fifth iteration of the event, with the “world’s largest mining conference” having reached this milestone being testimony to its relevance and value,... 

Indaba celebrates silver anniversary, reaffirms commitment to Africa

Indaba celebrates silver anniversary, reaffirms commitment to Africa

By: Nadine James     25th January 2019 The 2019 Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 4 to 7 – will be the twenty-fifth iteration of the event, with the “world’s largest mining conference” having reached this milestone being testimony to its relevance and value,... 

Indaba celebrates silver anniversary, reaffirms commitment to Africa

Vedanta commits to $1.2bn investment into South Africa

By: Marleny Arnoldi     24th January 2019 Diversified natural resources company Vedanta will in the near future have invested $1.2-billion in South Africa. It has already invested $400-million in the development of the first phase of the Gamsberg mine, in the Northern Cape. Development of the mine started in 2016 and it produced its... 

Kaz reports strong copper, gold production for 2018

By: Marleny Arnoldi     24th January 2019 Kazakhstan- and London-listed Kaz Minerals managed to increase its copper production for 2018 by 14% to 294 700 t, compared with 258 500 t in 2017, hitting the upper end of its 270 000 t to 300 000 t guidance. The company’s gold production for the year also increased to 183 400 oz, compared... 

Polyus upgrades mineral resource, sets production record at 2.4Moz

By: Marleny Arnoldi     24th January 2019 Moscow- and London-listed Polyus has updated the mineral resource estimate for its Sukhoi Log project, and reported a maiden Joint Ore Reserves Committee-compliant indicated mineral resource estimate completed by AMC Consultants. The estimated mineral resources at Sukhoi now stand at... 

Alrosa aims for 38m ct production in 2019

By: Marleny Arnoldi     24th January 2019 Russian diamond miner Alrosa reported 2018 production volumes of 36.7-million carats and sales of 38.1-million carats. Production declined by 7% year-on-year, owing to the shutdown of the Mir underground mine and the completion of openpit mining at the Udachnaya pipe.  

Alrosa aims for 38m ct production in 2019

Red flags raised over Coal Ministry's plans to liberalise capital coal mining

By: Ajoy K Das     24th January 2019 Several government departments have raised red flags over the Coal Ministry’s proposal to liberalise captive coal mining in the country. The departments contend, in internal discussions, that the regulatory framework is not in place to support the Coal Ministry’s plans to permit captive coal... 

Russia's Alrosa, Chinese-owned Anjin to mine Zimbabwe diamonds – report

By: Reuters     24th January 2019 Russian diamond giant Alrosa and Chinese-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond firm in exploring and mining diamonds, a state-run newspaper reported on Thursday. The southern African nation announced in December that it would allow... 

Mining starts at Talang Santo

By: Esmarie Iannucci     24th January 2019 Mining and processing operations have started at the Talang Santo openpit gold/silver project, in Indonesia, following the receipt of environmental approval earlier this month. ASX-listed Kingsrose Mining MD Paul Jago said on Thursday that the Talang Santo pit was already performing beyond... 

Strongbow to get £1m injection upon Aim listing

By: Marleny Arnoldi     24th January 2019 TSX-V-listed Strongbow Exploration reported on Thursday the Cornwall Council had voted in support of a £1-million investment into the company, subject to a listing on London’s Alternative Investment Market (Aim) Exchange. “We welcome this positive decision for the project, which reflects the... 

Gold, copper prices to rebound in 2019 – Fitch Solutions

By: Nadine James     23rd January 2019 Increased economic uncertainty and declining metal stocks are expected to drive gold and copper prices this year, Fitch Solutions commodities analyst Sabrin Chowdhury stated during a webcast on Wednesday. She noted that the expected rebound in gold was “already playing out” and that the price... 

Alacer says production to rise sharply this year

By: Tasneem Bulbulia     22nd January 2019 Low-cost gold producer Alacer Gold is targeting higher output in 2019, following a transitional year during which the company completed the construction of a sulphide plant at its Çöpler gold mine, in Turkey. The miner on Tuesday set its production guidance for 2019 at between 320 000 oz and 380... 

Alacer says production to rise sharply this year
The Copler operation in Turkey

New vehicle technology uses cobalt 

By: Martin Creamer     22nd January 2019 A promising new vehicle technology, which uses a cobalt-based catalyst, mirrors the world’s current ‘well-to-wheel’ refuelling ecosystem in being designed to allow motorists to call at conventional petrol stations to fill up with the liquid fuel from which hydrogen is extracted and then converted... 

New vehicle technology uses cobalt
Photo by Electriq-Global
Car that uses fuel consisting of mainly water converted into hydrogen and then electricity.

Trans-Siberian hits production records

By: Tasneem Bulbulia     22nd January 2019 LSE-listed Russian miner Trans-Siberian Gold (TSG) has achieved quarterly and yearly gold production records at its Asacha gold mine, producing 13 069 oz in the December quarter, taking full-year output to 42 128 oz. The company indicated that its gold production would be between 40 000 oz and 44... 

Lynas sells record volumes in December quarter

By: Esmarie Iannucci     22nd January 2019 Rare earths miner Lynas has reported record sales volumes for the quarter ended December, generating revenues of A$79.9-million from the sale of 5 522 t of rare earth oxide. Rare earth oxide production for the quarter was down to 4 422 t, from the 5 220 t produced in the September quarter, as... 

Iron-ore train derailment, copper outages hit BHP bottom line

By: Esmarie Iannucci     22nd January 2019 Mining major BHP on Tuesday reported that its bottom-line has been hit with some $600-million following a train derailment at its Western Australian iron-ore operations in November, and other ‘unplanned’ production outages at its Olympic Dam and Spence operations. BHP told shareholders that... 

Iron-ore train derailment, copper outages hit BHP bottom line

To meet climate goals, world urged to reuse natural resources

By: Reuters     22nd January 2019 More of the billions of tonnes of materials the world uses each year must be recycled and reused to keep climate change in check, researchers said on Tuesday. Only about a tenth of the nearly 93 billion tonnes of materials utilised annually - including minerals, metals, fossil fuels and biomass -... 

Russian gold miner Highland eyes higher output in 2019

By: Marleny Arnoldi     21st January 2019 Aim-listed Highland Gold Mining produced 269 500 oz gold and gold equivalent in 2018, which met the guidance range of between 265 000 oz and 275 000 oz. The production was a 1% decrease compared with the 272 274 oz produced in 2017.  

Russian gold miner Highland eyes higher output in 2019

Cokal wading through the shallows for BBM

By: Esmarie Iannucci     21st January 2019 Coal developer Cokal has singed a non-binding heads of agreement with Vietnam’s An PhatLoc General Trading Co to jointly develop shallow draft barging on the Barito River to transport coal from the PT Bumi Barito Minerals (BBM) project area, in Indonesia. Barges built by An PhatLoc, carrying... 

MMG warns of falling profits

By: Esmarie Iannucci     21st January 2019 Base metals miner MMG has warned shareholders of lower profits for the 2018 financial year, compared with 2017, following a softer second half. The company on Monday warned that it expected to record a net profit after tax of between $135-million and $140-million for the 2018 financial year,... 

China Moly to increase stake in Congo's Tenke copper mine to 80%

By: Reuters     18th January 2019 China Molybdenum Co said on Friday it had agreed to buy a holding company for $1.14-billion in order to increase its control in Democratic Republic of Congo's massive Tenke copper mine. China Moly, already the majority owner of Tenke, will have an 80% stake in the mine after the acquisition of... 

IEA sees oil demand growth defying economic slowdown for now

By: Bloomberg     18th January 2019 Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency. “We have seen prices fall very significantly since the peak at the beginning of October, and that is... 

India’s SCCL firms up capex to spread operational hinterland

By: Ajoy K Das     18th January 2019 India’s Singareni Collieries Company Limited (SCCL) has drawn up plans for $1.40-billion capital expenditure over the next five years to extend its footprint beyond its traditional mining operations around the southern state of Telengana. The plan includes securing at least seven coal blocks in... 

India mulls bringing natural gas under single unified tax regime

By: Ajoy K Das     18th January 2019 The Indian government has initiated moves to bring natural gas under the purview of Goods and Service Tax (GST) offering succor to a large number of gas-based power plants stranded by high-priced fuel. A Parliamentary committee on energy has batted in favour of including natural gas in the... 

Rio Tinto’s copper output, iron-ore shipments rise

By: Esmarie Iannucci     18th January 2019 Diversified major Rio Tinto has reported higher iron-ore and copper production for the quarter ended December, with other commodities remaining stable. “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets,” said Rio CEO Jean-Sebastian... 

Rio Tinto’s copper output, iron-ore shipments rise
Photo by Bloomberg
Rio Tinto CEO Jean-Sebastian Jacques

Divers locate one body in flooded Indian mine after 35 days

By: Reuters     17th January 2019 Indian navy divers found the body of one of 15 miners who went missing in a flooded coal mine in a remote corner of the country more than a month ago, officials said on Thursday. Rescuers have been struggling to pump water out of the 370-feet-deep illegal "rat-hole" coal mine in the northeastern... 

B2Gold production surges as new Mali mine outperforms

By: Mariaan Webb     17th January 2019 For ten consecutive years, Canada’s B2Gold has booked record gold production and 2018 was no different, with the miner lifting output by 51% to 953 504 oz in what it describes as a “year of transformational growth”. Production received a major boost from the new large Fekola mine, in Mali, which... 

India mulling higher iron-ore import duty

By: Ajoy K Das     17th January 2019 The Indian government is mulling an increase in the iron-ore import duty to check rising inward shipments of the steel-making raw material even as domestic market faces a glut. Government sources said that various industry stakeholders, including miners and the government of mineral-rich... 

Platinum price fall worsening plight of job-intensive mines 

By: Martin Creamer     16th January 2019 The latest fall of the platinum price is threatening to become the last straw that broke the camel’s back for some deep labour-intensive platinum group metals (PGMs) mines on particularly the western limb of the Bushveld Complex, Mining Weekly Online can today report. Well ahead of the latest... 

Platinum price fall worsening plight of job-intensive mines
Platinum price fall pressurising mines.

Kingsrose gets final nod for Way Linggo

By: Esmarie Iannucci     16th January 2019 Gold miner Kingsrose Mining has secured the final approvals for its Way Linggo and Talang Santo openpit operations, after the Indonesian equivalent of an environmental impact assessment was approved by the Indonesian Ministry of Environment and Forestry. Kingsrose on Wednesday said that the... 

Ovoot to fill fat coal gap in China - Aspire

By: Esmarie Iannucci     16th January 2019 Coal developer Aspire Mining on Wednesday told shareholders that its Ovoot project, in Mongolia, could assist in addressing a projected 16-million- to 22-million-tonne shortage of fat coking coal in China, out to 2025. China’s ‘fat’ coal category encapsulates high fluidity coals with good plastic... 

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