QLD to grow resources exports to Korea, South Asia

Mining News Pro - The Queensland Government plans to expand the reach of its mineral exports into the Korean and South Asian markets following the appointment of new trade commissioners.

Fire at Kinross Gold’s Tasiast mine suspends milling operations

Mining News Pro - A June 15th fire at Kinross Gold’s Tasiast mine in Mauritania has shut down the mill while investigating its cause is underway.

Asian commodities-linked stocks slide as China talks prices down

Mining News Pro - Companies linked to commodities led declines in Asian stocks for a second day amid growing global concerns over inflation and rumblings by the Chinese government about climbing materials prices.

Rio Tinto freight agreement connects Pilbara with Asia

Mining News Pro - Rio Tinto will be able to ship its Western Australian iron ore directly to Singapore thanks to a new commercial freight shipping service.

Asia Metals finalises negotiations for Guerrero Gold Belt purchase proposal

Mining News Pro - Resources company Asia Broadband, through its wholly-owned subsidiary Asia Metals, has finalised negotiations with joint venture partner Qiangda Investments & Economics for the buyout mineral property and mining operations in the Guerrero Gold Belt (GGB), in Mexico.

Rio Tinto partners with Asia to decarbonise steelmaking

Mining News Pro - Rio Tinto has doubled down on its strategy to reduce carbon emissions by collaborating with Nippon Steel Corporation and China Baowu Steel Group to produce and supply low-carbon steel.

Anglo Asian blasted for statement on Nagorno-Karabakh conflict

Mining News Pro - Just hours before Azerbaijan, Armenia and Russia signed a deal to end the war over the disputed area of Nagorno-Karabakh, the Armenian National Committee UK issued a release blasting Anglo Asian Mining’s position during the conflict, which reignited back in September.

Anglo Asian blasted for statement on Nagorno-Karabakh conflict

Mining News Pro - Just hours before Azerbaijan, Armenia and Russia signed a deal to end the war over the disputed area of Nagorno-Karabakh, the Armenian National Committee UK issued a release blasting Anglo Asian Mining’s position during the conflict, which reignited back in September.

Thermal coal demand in Asia to rise

Mining News Pro - New research conducted on behalf of the Minerals Council of Australia (MCA) has noted that the demand for thermal coal imports in the Asia Pacific region will grow by more than 270-million tonnes to 2030, to reach 1.1-billion tonnes a year.

Australian Potash heads for Asia through Lake Wells offtake agreement

Mining News Pro - Australian Potash has inked an agreement with Mitsui & Co to supply 30,000 tonnes a year of K-Brite sulphate of potash (SOP) from the Lake Wells SOP project in Western Australia.

Australian gas prices among lowest in Asia

Mining News Pro - New data by the International Gas Union (IGU) has shown that Australia’s average natural gas prices remain among the lowest in Asia.

Central Asia Metals mulls renewables opportunities

Mining News Pro - Central Asia Metals (CAML), which produces base metals essential for modern living, has commissioned independent consultants to conduct feasibility studies on the potential of building a renewable energy plant at its Kounrad operation, in Kazakhstan.

Anglo Asian uses chartered flight to send gold to Switzerland

Mining News Pro - Aim-listed Anglo Asian Mining has made a further shipment of gold doré bars containing 4 688 oz of gold to MKS Finance, in Switzerland, by way of air-charter

Nickel Asia to resume ore shipment as local mining ban lifted

Mining News Pro - Nickel Asia Corp, the Philippines’ largest nickel ore miner and exporter, said on Monday its two units in Surigao del Norte province will resume ore shipments as the local government has allowed mining operations to resume after a suspension to curb the potential spread of the coronavirus.

Eurasian Resources execs take 30% pay cut in support of Covid-19 measures

Mining News Pro - Global diversified miner Eurasian Resources Group (ERG) CEO Benedikt Sobotka and first deputy CEO Aldiyar Kaztayev have offered to take a 30% cut in their salaries for 12 months, owing to the unprecedented challenges that the world is facing as a result of Covid-19.

Scrap Export Plummets in SE Asia Market

Mining News Pro - Due to falling exchange rates against Dollar in Southeast Asia and recession of the steel markets, steelmaking companies are trying to keep scrap inventory down in order to control the cost of raw materials.

Imported Scrap Prices in Containers Fall in Recent Trades in SE Asia

Mining News Pro - Imported Scrap offers to South Asia have been moved down considerably over the span of last one week, with the conclusion of several bulk cargoes to Bangladesh as well as Pakistan, pulling the tradable price level further low. Continuation of the severe container shortage has resulted in limited offers in containers from global suppliers, while high freight charges have made buyers cautious for fresh bookings.

Kinross Tasiast Technical Services team develops new technology for blast modelling & optimisation

Mining News Pro - In January 2018, Kinross Gold Corp launched the ‘Innovation Opportunity Fund’ for employees to submit innovative ideas to improve the mining group’s global operations by sharing best practices and promoting continuous improvement.

Billet Import Prices Remain Stable for the Consecutive Week in SE Asia

Mining News Pro - For the consecutive week, the billet import offers in the SE Asian region remained stable.

SE Asia Billet Import Prices Stable Amid Less Trades

Mining News Pro - This week, SE Asia’s billet import market was reported trade silent for the consecutive week amid New Year Holidays with few major suppliers remaining out of market.

Asian countries face policy uncertainty, resource nationalism

Mining News Pro - Rising geopolitical tensions and pressures to the global economy will continue to evoke volatility in commodity markets, heightening risks to metal demand and prices, Fitch Solutions’ newest report on key Asia mining themes finds.

SE Asia Billet Import Market Update

Mining News Pro - This week, SE Asia’s billet import prices observed increase. SteelMint didn’t witness any deal across the region. However, billet import offers in the region have marginally gone up by USD 5/MT.

Policy uncertainty, resource nationalism and environmental protection key themes for Asia mining

Mining News Pro - The Asian mining landscape will continue to benefit from the availability of high-grade resources and low labour costs, but key countries with grapple with Policy uncertainty, resource nationalism and environmental protection, Fitch Solutions analysts warn.

Uncertainty in Asia pushing diamond prices down

Mining News Pro - Rapaport has published a report stating that the escalation of the US-China trade war, the protests in Hong Kong, and the depreciation of the yuan, paired with dealers taking their summer vacations, greatly impacted the diamond market in August.

Eurasian Resources is said to weigh sale of Congo mining assets

Mining News Pro - Eurasian Resources Group Sarl, the mining firm backed by the Kazakhstan government, is exploring options for assets in the Democratic Republic of Congo including a potential sale, according to people with knowledge of the matter.

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