Category: Asia

Vedanta’s Mines Reach All-time High

In its most recent quarterly report, Vedanta reported mined metal production from underground mines for Q2 FY2019 was at an all-time high of 232,000 metric tons (mt), up 10% sequentially and 44% y-o-y driven by 33% y-o-y...

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ArcelorMittal Revises Proposal for Essar Steel

In response to media speculation, ArcelorMittal confirmed that on September 10 it submitted a revised proposal to Essar Steel India Ltd.’s (ESIL) Committee of Creditors for the acquisition of ESIL. The revised offer, which also...

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Nordgold Starts Production at Gross Mine in Yakutia

Nordgold has started gold production at its Gross heap leach mine in southwest Yakutia in eastern Russia. The mine is scheduled to produce 200,000 ounces per year (oz/y) of gold over a period of 17 years and lift Nordgold into...

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Rio Tinto to Sell Interest in Grasberg to Inalum

Rio Tinto has signed a binding agreement to sell its entire interest in the Grasberg mine in Indonesia to PT Indonesia Asahan Aluminium (Persero) (Inalum), Indonesia’s state mining company, for $3.5 billion. Separately, Inalum...

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Gold Output From CNMC’s Sokor Increases

A marked increase in gold output after its third processing plant began full commercial production in May this year enabled CNMC Goldmine Holdings Ltd. to generate core earnings of $1.80 million in the second quarter of 2018,...

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HCL to Expand Copper Production

India’s sole integrated copper producer, state-run, Hindustan Copper Ltd. (HCL) will increase its production six fold to 20 million metric tons per year (mt/y) investing an estimated $808 million over the next six years to...

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Chinese Zinc Industry Continues to Evolve

China’s zinc mining industry is evolving, with the tightening of environmental and safety standards since 2015 having a huge impact on production, according to consultants with Wood Mackenzie. Tougher inspections and low metal...

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Polymetal Starts Up Kyzyl Gold Mine

Polymetal International has started up its Kyzyl gold mine in northeast Kazakhstan, ahead of schedule and below budget. Kyzyl produced its first gold concentrate on June 25, following completion of all construction and...

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