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Wednesday, September 18, 2019

Tag: mining

Pahang govt to determine date to resume bauxite operations

Those who want to mine for bauxite will have to follow strictly standard operating procedures drawn up.

Australia eyes rare earth deposits amid fears over China supplies

Australia wants its Western allies to obtain rare earths from outside China.

Ex-billionaire Batista out of jail

Batista had been under house arrest pending an appeal of a 30-year jail sentence.

Indonesian official keeps mum on possibly moving forward iron ore export...

The ban is aimed at making miners process minerals in Indonesia, a major exporter of nickel ore.

Malaysia’s RM700 billion trove of mineral wealth

Dewan Rakyat told that federal government is keen to exploit Malaysia's reserves of coal, tin ore, iron ore, gold, manganese, silica sand, and kaolin.

Manganese mine in Kuala Koh sealed, says Ahmad Yakob

Menteri Besar Ahmad Yakob said although a mining licence was issued by the state government, the mine also needed permission from the Minerals and Geoscience department.

China to ease ownership rules on oil exploration, gas pipelines

China is easing foreign access to a range of industries including oil, mining and city gas pipelines as the government follows through on pledges to open its economy to foreigners.

Wan Azizah pledges full action on causes of Orang Asli deaths

A thorough investigation will be made into possible contamination of water supply as well as logging and mining activities, says DPM.

Mining halts in Sichuan after triple quakes, protests

Shale gas mining companies halt work after residents protest in wake of earthquakes.

Glencore annual net profit plunges to US$3.4 billion

Glencore's strong cash generation would allow it to pay out roughly US$2.8 billion in dividends to shareholders.

Fortescue Metals: China iron ore demand could keep payouts coming

Foretscue CEO Elizabeth Gaines sees no slowdown in Chinese crude steel mill output this year.

Brazil arrests eight Vale employees over mining dam disaster

Those apprehended were being held to determine their responsibility in relation to crimes of aggravated homicide.

China won’t come to the rescue in global iron ore supply...

China accounted for over 60% of global iron-ore demand in 2016, World Steel Association data shows.

Despair turns to anger as Brazilians reckon with latest dam disaster

German auditor TUV SUD said on Saturday it inspected the dam in September and found all to be in order.

Brazil dam disaster leaves 34 dead, hundreds missing

Rescue officials announced the death toll had more than tripled as more and more bodies were pulled from the mud.

Fears rise for 300 missing in Brazil dam disaster, 9 bodies...

The number of people presumed missing has doubled from the previous toll of 150.

Mining accident in China kills 19, two remain trapped

The search for two trapped miners continues while 66 others have been airlifted to safety.

Property market to decline, then recover in 2019

It's good news for those ready with a downpayment but bad news for owners of properties in locations where there’s an oversupply.

Bitcoin mining could void climate change efforts, say scientists

Producing bitcoin at a pace with growing demand could by 2033 defeat the aim of limiting global warming to 2°C.

Sabah Umno flays state govt for considering opening up Maliau Basin

Sabah Umno liaison committee chairman Hajiji Mohd Noor says state government’s willingness to revisit the idea of using coal as a source of energy is outrageous.

Lynas shares drop amid reports of government review

Lynas shares have fallen 23% to A$1.61, their lowest since last September.

Ex-CM warns against any plan to restart coal mining in Sabah

Yong Teck Lee says the idea had been shot down despite pressure from Putrajaya.

No bauxite licences if moratorium violated, says minister

Water, Land and Natural Resources Minister Dr Xavier Jayakumar says action will be taken by the Pahang government.

With Bitcoin sinking, crypto miners just dig deeper

An increasing hash rate means Bitcoin mining is still profitable enough for many players to stay put, defying speculation that prices have fallen past break-even points.