‘Urban mining’ in S.Korea pulls rare battery materials from recycled tech

Release of a pre-feasibility study for Wafi-Golpu in Papua New Guinea is expected any day now and punters hope drilling results that put the deposit into the same league as Freeport-McMoran’s Grasberg mine across the border in West Papua, Indonesia are confirmed.

Escalating costs and economic instability may be the two main reasons why mining companies worldwide are acquiring existing projects instead of starting their own, shows the latest report from global firm Ernst & Young.

The Hong Kong-listed miner said on Wednesday that the start of production at Martabe marked a significant milestone for the company.

Intrepid Mining has now lost 59% of its market value after news broke that a local business groups orchestrated the ouster of ASX and TSX-listed company from an Indonesian copper and gold project.

The tide of resource nationalism sweeping the developing world may be catching up with Grasberg and Freeport Indonesia.

Australia's Intrepid Mining (ASX:IAU) has seen its share price plunge after being summarily booted from a key copper project in Indonesia by powerful local business interests.

Two employees of India’s Jindal Steel and Power were arrested on Friday and equipment confiscated in Bolivia, after the company abandoned its $2.1 billion El-Mutun iron ore project five days ago.

The cost of building China's CITIC Pacific’s first iron ore mine in Australia, Beijing’s largest investment in the Aussie mining sector, has increased to a shocking $8 billion.

The Chinese government has halved the number of rare earth mining rights in the country pulling 65 permits in all, according to a report by ChinaDaily USA.