Philippines' President says open-pit mining ban should stay

Having trouble viewing this email?  View online Asia News Digest Friday 15 September 2017 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Philippines' President says open-pit mining ban should stay Rodrigo Duterte said ban should remain in place given the environmental damage it causes, but noted he would give companies time to find alternative mining methods. read » Centerra shares jump again on confirmation of Kyrgyz settlement Canadian miner announces comprehensive settlement over Kumtor gold mine – Asian nation unfreezes cash and drops all environmental claims, lawsuits. read » Alrosa to auction rough and polished diamonds at the Eastern Economic Forum "We have seen the interest of clients from Asia Pacific," the company's Vice President said read » De Beers diamond sales down 20% on earlier Diwali The world's largest rough diamond producer by value reported provisional revenue of $505 million compared with $639 million in the same period a year earlier. read » Indian uranium mine becomes dark matter lab India's very first uranium mine now hosts a laboratory for conducting experiments in fundamental physics read » Gold prices near 12-month high Gold prices jumped to their highest in almost a year as a weaker dollar and escalating tensions between the United States and North Korea read » Macquarie says iron ore, coal prices to remain strong into 2018 Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report. read » Freeport to yield control of giant Grasberg copper mine to Indonesia The company has greed to reduce its stake in the Grasberg mine to 49% in exchange for licenses to operate the massive copper and gold pit until 2041. read » India launches world's first diamond futures exchange The Indian Commodity Exchange Limited (ICEX) will start trading in 1 carat/100 cent contracts, to later add 50 cent and 30 cent contracts. read » Glencore to offload second coal mine in Australia in less than three months Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt. read » Philippines to expand mining ban to watershed areas, ore exports In an effort to receive more financial benefits from mining operations, the government's proposal will also require investors in the sector to get legislative approval before operating. read » Iron ore nears $80 a tonne Prices for the steelmaking material have increased almost 50% since its 2017 lows. read » Copper price rallies after Grasberg violence Copper above $3.00 after former workers torch dozens of buildings, vehicles at Freeport's Indonesia operations blocking access to world number two mine. read » Kingsgate jumps 49% after Thai gold mine suspension lifted Investors in Kingsgate Consolidated Ltd. (ASX:KCN) were allowed to gasp for air on Friday after being underwater on the stock due to problems with its mine in Thailand. read » Sales at Myanmar's jade expo lower than last year More than 6,000 pieces of jade were exhibited read » Anglo Asian soars after boosting reserves at Ugur gold project Azerbaijan's top gold producer will begin production there next month. read » Zinc project in Greenland receives Chinese backing China Nonferrous Metal Mining Group is a state-owned Chinese corporation with mines in Zambia, Mongolia and Thailand. read » Seabed mining approved in New Zealand despite environmentalists' concerns Trans-Tasman is now allowed to recover resources from the country's Exclusive Economic Zone read » The $10 trillion mineral resources North Korea can't tap North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion. read » Asia gold-demand hit by high prices ahead of expected festival-led buying Demand for physical gold in Asia could pick up in the coming weeks as India's festival season drives interest in the metal, after high prices kept buyers at bay again this week. read » India needs to find allies to tap cheap funds for clean coal – trade body According to the World Coal Association, India will need to ally with countries including the US, Japan, and Australia, to get cheaper funding from multilateral development banks to access cleaner technology. read » S. Korea's SK Innovation starts production of batteries with more nickel South Korea's SK Innovation said on Thursday it has started commercial production of lithium-ion batteries with an increased portion of nickel, while reducing the usage of expensive components such as cobalt to extend battery life and cut costs. read » BacTech Environmental: "Green Gold" processing technology addresses artisanal mining and ARD problems Every year millions of small-scale miners toil in the baking sun, collecting and breaking rocks with the goal of extracting small amounts of gold – enough to make a living in some of the most impoverished corners of the world. read » China to shut 6,000 non-coal mines by 2020 to improve safety China will shut 6,000 non-coal mines in an effort to reduce mining accidents and deaths by 2020, the State Administration of Work Safety said in a five-year plan. read » Indian miners risk death for granite tiles and kitchens, report says Six out of 10 labourers toiling in southern Indian quarries for granite for tiles, fireplaces and kitchen counters around the world are working in dangerous conditions to repay huge loans, charities mapping the hidden supply chain said on Wednesday. read » Read more Asia news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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