Category: ResourceAsia
As miners strike back, Indonesia minister softens
Major mining companies have begun to show their teeth to the government amid the latter’s determination to ban unprocessed ore exports as well as obliging miners to [...]
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Nickel miner INCO sets aside $216m for investment
Nickel miner PT Vale Indonesia, whose shares are traded on the bourse under the code INCO, is planning to spend up to $216 million to support its business this year. [...]
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Australia looks to raise LNG production by nearly 30pct
The international energy trade in hydrocarbons is the world’s largest fungible commodity, worth trillions of dollars. While the global oil trade still dominates world [...]
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TVI Pacific Inc. Reports New Resource Estimate for Agata North
TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) (TVI or the Company) announced today that it has filed an updated National Instrument 43-101 (NI 43-101) technical report. The [...]
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Burma opens keenly awaited oil auction
Myanmar on Wednesday launched an auction of 30 offshore oil and gas exploration blocks expected to draw fierce competition from foreign giants hoping for a share of an energy [...]
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Philippine govt sees $1b fresh mining investments
The Mines and Geosciences Bureau (MGB) expects to generate $1 billion of fresh investments in mining this year, surpassing an earlier target of $718 million, following the [...]
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Bougainville Copper Limited ready to re-open Panguna
The mining company Bougainville Copper Limited has announced it is ready to re-open the Panguna mine in Papua New Guinea’s autonomous region of Bougainville. A series [...]
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Mine town rents beating Manhattan show Aussie pain
A furnished two-bedroom apartment in Port Hedland, the world’s biggest bulk export terminal, on Australia’s cyclone-battered north-western coast rents for almost [...]
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Mongolia scolds Rio Tinto on costs as mine riches replace yurts
Outside, it’s minus 30 degrees Celsius as a February wind blasts across the Central Asian steppe and through the Mongolian capital, Ulaanbaatar. Inside government [...]
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Tullow to offload Asia assets
Tullow Oil has reached agreement to sell its operations in Bangladesh to Far Eastern exploration firm, KrisEnergy for $42.35 million (€32.4m). Tullow’s intention to sell [...]
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PNG Government to consolidate resource assets
The Papua New Guinea Government has announced plans to consolidate all of the country’s mining, oil, and gas assets into a single state-owned enterprise. ABC News [...]
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OceanaGold completes first concentrate shipment
Australian mining company OceanaGold Corp. has sent out the first concentrate shipment from its Didipio copper-gold mine in Nueva Vizcaya. The company, whose shipment was [...]
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Medusa Mining to start feasibility work at Bananghilig
Medusa Mining (LON:MML ASX:MML) is to commence a feasibility study on its Bananghilig gold deposit in the Philippines after an encouraging first pass scoping study. Medusa [...]
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Chinese convertibility not much help to miners
The Australian dollar is set to be the third currency fully convertible against the Chinese yuan a move which will lower business transaction costs. Julia Gillard will today [...]
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China’s March iron ore imports rebound from February lows
Iron ore imports by top consumer China rose 14.4 percent in March from the previous month, customs data showed, but shipment levels were still at their second-lowest in five [...]
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