Indonesia’s Inalum expects to line up Freeport sale bank financing soon
Indonesia's state mining holding company expects to reach an agreement soon on bank financing to buy a controlling stake in the local unit of Freeport McMoran Inc.
Apart from developments in Japan and the expiry of the Russia-US nuclear weapons agreement Beijing restarting its construction programme after a review will support oxide prices.
Gold Fields Ltd. may have to settle for a shorter than planned mine life for a gold project in the Philippines due to permit restrictions, a government official said.
Kyrgyzstan's economy will grow by barely a quarter of the 7.5 percent originally forecast because of the collapse in output from the nation's flagship venture with Canada's Centerra Gold.
Indonesia will not be righting the perception that it's a place safe for miners after the country's supreme court said it will not hear Churchill Mining's (LON:CHL) appeal in its two-year legal battle to get compensation for a coal project that the company says was unfairly seized.
Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two state governments in 2011 and 2012.
India should be doing better, according to Raghuram Rajan, a professor of finance at the University of Chicago, but bad government policy keeps stepping on the country's growth and sends its citizens back to gold.
US-based rare earth miners, Molycorp (NYSE:MCP), gets a foothold in Asia after completing its US$1.3 billion acquisition of Canadian-based Neo Material Technologies Inc. (TSX:NEM).