Spot coking coal prices in Asia-Pacific were either steady or slightly higher Monday depending on the coal type amid positive trends in steel and iron ore prices. Price moves in metallurgical coal remained limited, however, as there ...
Tags: coking coal, coking coal prices, metallurgical coal, Asia
Reportedly, Japan’s Mitsubishi Corp will invest a news trading unit in Singapore to emerging China and India market. The Japanese trading house will join the likes of Swiss merchant Trafigura and global miner BHP Billiton. ...
Tags: Mitsubishi Corp, Japan, Singapore, mining
Australia based miner Fortescue Metals Group Ltd announced that it will resume works in January 2013 at the Kings deposit within the Solomon mining hub in the Pilbara region of Western Australia. The decision to complete the development ...
Tags: Fortescue Metals Group, metal, iron, price, improvement
Reuters reported that the departing chief executive of Norilsk Nickel, the Russian mining giant undergoing an ownership shakeup, will receive a USD 100 million severance deal. Two sources close to the company's shareholders said that ...
Tags: mining giant, mining, nickel, palladium, Norilsk Nickel, CEO
Business Standard reported that state owned aluminium maker National Aluminium Co Ltd which cut up to 8%capacity last year,will shut more over the next fortnight. Mr BL Bagra director finance of Nalco said that"We are looking to shut down ...
Tags: aluminium maker, National Aluminium Co Ltd, Nalco, aluminium market
A report tabled by the Comptroller and Auditor General suggests, iron ore miner National Mineral Development Corporation has suffered revenue loss of INR 745.94 crore during 2007-10 for not revising the domestic prices of the steel making ...
Tags: Iron ore pricing, Iron ore, iron ore miner, steel output
Development at Chilean miner Antofagasta Minerals' 70% owned Antucoya copper project in northern region II has been temporarily suspended while management completes a review of the project's costs and the potential for increases. ...
Tags: Antofagasta Minerals, mining, copper project, industry
and iron ore miner Arrium has shipped iron ore from its northern South Australian mines out of a newly expanded Whyalla Port for the first time. The move is the next stage in the company's ambition to become Australia's fourth largest ...
Tags: New Port, Steelmaker, company's ambition
Business Line reported that NMDC Ltd is banking on Perth based Legacy Iron Ore to acquire more coal mines in different parts of the world. The public sector miner bought 50%stake in Legacy Iron Ore that is exploring and developing mineral ...
Tags: NMDC Ltd, Iron Ore, exploring and developing mineral project
A Malaysian court dismissed an appeal against a temporary operating licence for Lynas Corp (ASX:LYC), an Australian rare earth miner, despite residents' opposition over alleged radioactive hazards, Channel New Asia reports. The decision ...
Tags: Asia, Australia, China, Lynas Corp, Lynas Corporation Ltd., Malaysia
China is delivering on its promise to consolidate its mining industry with the formation of a new rare earth mega miner. According to a report by Global Times, the “mega-corporation”, named China North Rare Earths (Group) ...
Tags: Asia, China, Rare Earth, USA
Molycorp's mould-breaking deal with Neo Material Technologies sent its shares rocketing in New York on Friday. By lunchtime the stock was trading at $30.09, up 15.8%, on volumes already close to triple the daily average. The counter is ...
Tags: China, Finance, Molybdenum, Rare Earth, USA
Strong revenue growth and a production ramp-up failed to give Molycorp a boost on Friday with the stock falling almost 2% by the close. The Colorado company, in the process of restarting full-scale mining and processing at Mountain Pass ...
Tags: China, Rare Earth, USA, Metallurgy
On Friday Australian analysts from Foster Stockbroking told investors to get rid off their shares in rare earths miner Lynas Corporation (ASX:LYC), as there is no end in sight for the ongoing problems that have forced the company to halt ...
Tags: Asia, Australia, China, Lynas Corp, Lynas Corporation Ltd., Malaysia
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