Extractive industries
Mining
Vietnam destroys 60 illegal gold mines in central region
Quang Ngai Province’s Military Command announced 27 July they had destroyed 60 illegal gold mines within 6 days, by one week earlier than previously planned. Government agencies have coordinated with Engineer Corps to carry a ton of explosives to the sites. Keep reading ...
Laos stone not a rock-solid investment for Chinese speculators
A government ban, fines and the confiscation of goods has not stopped Chinese opportunists seeking to make a quick buck in Laos stone, reports the Shanghai-based China Business News. The popularity of Laos stone has investors betting that it could step up next to the greats ...
Caution urged as Myanmar poised to embrace more mining
New mining laws in Myanmar are expected to come into place after November’s national elections, enticing more foreign investment, but rights groups fear local communities could be imperiled without more solid legal protections. Analysts say Myanmar’s mining industry is still at the “frontier” stage of development ...
Chinese rare earth metals exchange to pay $6.4bn owed to investors
Hundreds of Chinese investors protested outside of the Fanya Metal Exchange, in the south of the country, after finding that the minor rare earth metals exchange was unable pay out on investment products. Keep reading ...
DMR hosts the 3rd Thai - Lao technical conference on geology and mineral resources
Thailand is hosting the 3rd Thai – Lao Technical conference on Geology and Mineral Resources, which is being held at the Golden Tulip Sovereign Hotel, Bangkok, 7-11 July. Thailand and Lao PDR have been working together on geology and mineral resources study for over 12 years. ...
Volumes up, returns down as Laos' mining figures confirm impact of global commodity prices
The hit to the value of Laos’ mineral commodity exports inflicted by lower international prices have been confirmed by figures showing an 8.7 percent decrease in returns despite increasing production, local media has reported. Falling prices for gold, potash and copper inflicted the greatest downward pressure ...