Asia coal price hits record as global hunt for fuel escalates

Mining News Pro - Thermal coal in Asia advanced to a record as a threat of supply disruptions adds new risks to a global energy sector already engulfed in crisis.

Eurasian Resources to invest $230 million to build wind power plant in Kazakhstan

Mining News Pro - Eurasian Resources Group announced Monday that it plans to invest nearly KZT110 billion ($230m) in building a major wind power plant in Kazakhstan, the Group’s home country.

Asia’s two richest men reap windfall from surging oil, coal

Mining News Pro - Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push their pivots toward greener energy.

Asia’s coal imports decline, but Ukraine crisis will keep prices up

Mining News Pro - Asia’s imports of coal slumped in February as prices remained close to record highs for both thermal and coking grades, and the crisis in Ukraine means the cost of the fuel is unlikely to retreat any time soon.

Codelco signs multi-year contracts in Southeast Asia

Mining News Pro - Chile’s state-controlled Codelco, the world’s largest copper producer, said on Thursday it has successfully concluded its sales plan for 2022 in Southeast Asia with the signing of multi-year deals.

Asia’s near-term climate goals outweigh long-term pledges

Mining News Pro - There is a tendency in the climate change debate to focus on the big picture pledges, such as India’s commitment to net-zero emissions by 2070, but the attention should be on the actions that will actually happen by 2030.

Family who exited De Beers for $5 billion taps Asia’s rich

Mining News Pro - The family office for Nicky Oppenheimer and his son Jonathan has set up an outpost in Singapore to boost its Asia exposure and partner with the region’s wealthy.

Asia’s coal mining revival doesn’t mean the energy crisis is over

Mining News Pro - A crunch on coal production from key hubs in China and India is beginning to ease, but that won’t be enough to halt Asia’s energy crisis.

Vale and Asian miner seek Brazil nod to fast-track mine projects

Mining News Pro - Mining giant Vale SA and an Asian-owned metals producer are among the first to tap a Brazilian program that aims to cut red tape and speed up mining projects in the South American nation.

Copper price loses steam as factory activity slows in Europe and Asia

Mining News Pro - The copper price fell on Wednesday as investors exercised caution ahead of a key central bank meeting in Europe that could offer more clues on its tapering decision.

Kinross unveils share buyback plan, lowers Tasiast restart costs

Mining News Pro - Canadian gold mining company Kinross on Wednesday announced announced a share buyback programme and rewarded shareholders with a quarterly dividend of $0.03 a share.

Altrad targets Asia Pacific with Valmec acquisition

Mining News Pro - French engineering company Altrad plans to take ownership of Valmec with ambitions to grow the contractor’s presence in the Asia-Pacific region following the acquisition.

Field work restarts at Tasiast South gold project

Mining News Pro - Aura Energy has restarted field work at its Tasiast South gold and base metals project in Mauritania.

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.

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