Category: ResourceAsia
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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Oil prices rebound after last week
Global oil prices have rebounded after last week’s sharp fall on poor US jobs data. New York’s main contract, West Texas Intermediate light sweet crude for May [...]
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China to build largest coal-to-gas project
Sinopec Group, China’s second largest energy company is to invest up to $11.3 billion (70 billion yuan) to build the country’s largest coal-to-gas project in 8-10 [...]
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China, Kazakhstan sign crude pipeline expansion agreement
Chinese and Kazakh state companies have signed an agreement to expand the existing China-Kazakhstan crude oil pipeline, China National Petroleum Corp said Monday on its [...]
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Taiwan expects rare break in dry search for natural gas
Taiwan claims the ocean from its south shore clear down to Singapore, but so do the more powerful China, the more assertive Vietnam and strong US ally the Philippines. Unlike [...]
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Malaysia MISC says Petronas $3b revised buyout offer not fair
Malaysian shipping group MISC Bhd (MISC.KL) said a revised $3 billion offer from shareholder Petronas PETR.UL to buy out all remaining stock was not fair, because it was [...]
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Mining companies that invest intelligently now will be rewarded
Despite weak short term demand and tough global economic conditions, long term supply constraints remain, which will lead eventually to higher commodity prices and [...]
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Medusa Mining ticks off list for Co-O expansion
New research has supported Medusa Mining’s (LON:MML, ASX:MML) view that the conceptual exploration potential at the Co-O gold mine is up to 7mln ounces. The Centre for [...]
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Australia’s mining sector rated best in the world
Leading US mining consultancy Behre Dolbear has rated Australia the best place in the world for mining investment for the fourth year running. Scoring highly on economic and [...]
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