Platinum prices have surged, rising above gold for the first time in 10 months after the largest producer of the metal said it would halt operations at several mines in South Africa. The move, part of an effort to return to profit amid ...
Tags: PLATINUM prices, US, metal industry
In the week ended January 7, coal shipments from the Port of Newcastle in Queensland, the coal producing state of Australia, totaled 3.2 million mt, according to Newcastle Port Corporation. The figure constitutes a decrease of 9.5 percent ...
Tags: coal shipments, Port of Newcastle, Australia
Kumba appoints new CFO Kumba Iron Ore Limited today announces the appointment of Frikkie Kotzee as Chief Financial Officer,effective 1 June 2012.Frikkie,who is currently the Group Financial Director of African Oxygen Limited,replaces ...
UK-based mining giant Anglo American has announced that it is selling its 70 percent interest in the Amapa iron ore operation in Brazil to Zamin Ferrous Ltd (Zamin), a private international mining group that has been operating in Brazil. ...
Tags: mining giant, Anglo American, Amapa iron ore operation, Zamin
Business Times reported that iron ore prices hit an eight month high this week. Iron ore is seen as a proxy for industrial activity and construction in China. The commodity is critical for the profitability of mining groups, including ...
Tags: iron ore prices, iron ore, steelmakers, steel production
Shares of rare earth miner Molycorp Inc. (NYSE:MCP) were falling Thursday morning as the company’s president and chief executive, Mark Smith, left without explanation and the company revealed it was under investigation from the United ...
Tags: rare earth, Molycorp Inc, company news, mining
In the week ended December 31, coal shipments from the Port of Newcastle in Queensland, the coal producing state of Australia, totaled 3.5 million mt, according to Newcastle Port Corporation. The figure constitutes an increase of 23.6 ...
Tags: Port of Newcastle, coal shipments, Australia, December
According to the statistics provided by Brazil's National Union of the Industry of Extraction of Iron and Base Metals in October this year Brazil's iron ore exports amounted to 26.9 million metric tonne,rising by 22.5%YoY and up three ...
Anglo American plc announced the sale of its 70%interest in the Amapáiron ore operation in Brazil to Zamin Ferrous Ltd. The terms of the transaction are confidential and the transaction is subject to state regulatory approval. ...
Tags: Interest, Amapáiron, regulatory approval
Business Standard reported that TATA Group's holding company,TATA Sons,has pledged shares worth over INR 2,600 crore in three flagship group companies. On December 24th,TATA Sons pledged 11 million shares in TATA Motors,10 million in TATA ...
Tags: TATA Group, TATA Sons, INR
Bloomberg reported that Anglo American Plc,the mining company with operations from Africa to Chile,will resume working on a power line at its Minas Rio iron ore project in Brazil after an injunction on the line's license was lifted. ...
Tags: Brazil, a power lin, power transmission
Reuters reported that Rosneft,seeking to wrap up Russia's largest-ever takeover deal,raised USD 16.8 billion in bank loans and signed long-term supply deals with two leading oil traders that could be worth as much as USD 50 billion. ...
The mining and minerals industry has made major advances towards sustainability, but the sector faces new challenges as governments reassert control over their natural resources, but lack capacity to ensure mining can contribute to ...
Tags: Africa, Asia, Australia, China, Coal, Consultants News, Copper, Diamond
The mining sector's bellwether companies were all beaten down on Monday after China's premier Wen Jiabao delivered a downbeat outlook for the world's second largest economy adding that there were "new problems" to deal with. China will ...
Tags: China, Coal, Copper, Finance, Iron Ore, Lead, Nickel, Potash, Rare Earth, Zinc
The rise of mining costs will have a more dramatic impact on 2013 industry results than in the last couple of years, global ranking agency Fitch Ratings revealed Thursday. According to the firm’s experts, a gloomy macroeconomic ...
Tags: Africa, Coal, Finance, Gold, Iron Ore, Platinum, Potash, Rare Earth, Silver