Extractive industries
Vietnam urged to use more renewable energy
Viet Nam should enhance clean and renewable energy resources as well as promoting energy saving, said Le Tuan Phong, deputy director of the General Directorate of Energy under the Ministry of Industry and Trade. Statistics from the agency showed that average energy demand in Viet Nam ...
Non-ASEAN investors now qualify for local privileges
Non-ASEAN-based investors who have already invested in ASEAN will now be eligible for privileges enjoyed by their ASEAN counterparts in five sectors: agriculture, fisheries, forestry, mining and industrial. The International Economic Policy Committee chaired by Prime Minister Prayut Chan-o-cha on August 22 approved a proposal by ...
Iran pitches huge gas reserves for Asia markets
Iran is pitching its massive gas sector for trade with Asia where it sees a better market for exports than Europe. “Gas prices are more attractive in East Asia than in Europe,” Deputy Petroleum Minister for trade and international affairs Amir-Hossein Zamaninia has said. In August, Japan ...
China’s three parallel rivers national park threatened by illegal mining
China’s best preserved forests in south-west China’s Yunnan province are under threat from illegal mining, according to a new report. The study by Greenpeace shows mining and industry activity in the Three Parallel Rivers of Yunnan protected area is destroying pristine forests in one of the world’s most biodiverse regions. ...
Undermining China: towns sink after mines close
Deep in the coal heartlands of northern Shanxi province, people in Helin village are fighting a losing battle as the ground beneath them crumbles: patching up cracks, rebuilding walls and filling in sinkholes caused by decades of coal mining. Mines that burrowed under villages and towns ...
Oil firm ready to push ahead with offshore drilling
Singapore-listed oil and gas firm KrisEnergy Ltd is moving closer to finalising its deal with the Cambodian government that will pave the way for extraction from the Block A offshore oil field once negotiations over a technical strategy and fiscal regime have been finalised. Tanya Pang, ...
Vietnam dealbook: Malaysia’s Mitra Energy, Thai Union strike M&As
Malaysia’s Southeast Asia-focused oil and gas group Mitra Energy has reached a sales and purchase agreement with Japan’s Teikoku Oil to acquire a 30 per cent interest in Vietnam’s oilfields in the Nam Con Son basin. Meanwhile, Songkla Canning, a wholly-owned subsidiary of Thai Union ...
Vietnam's fast economic growth is quietly slipping, but no one cares
In central Ho Chi Minh City, financial hub of the fast-growing Vietnamese economy, 20-somethings with designer hairdos jump out of polished black sedans to pack the coffeehouses on every block and fill restaurants serving sushi and chicken in passion fruit sauce. It’s odd then that ...
Govt seeks contractor to repair environmental impact of jade mining
A tender was put out on 1 August to draw up the Environmental Management Plan to repair damages caused by the jade mining in Lonekhin and Hpakant in Kachin State, Myanmar.Keep reading ...
Mesco closes in on gold licence
After an unexpectedly lengthy review, the Ministry of Environment has approved the environmental and social impact study of Indian mining firm Mesco Gold, clearing the last major hurdle for the company to receive a licence to operate the Kingdom’s first royalty-generating mine. “The Ministry of Environment ...
