Indonesia's PT Bumi Resources said on Wednesday China's sovereign wealth fund, China Investment Corp (CIC), has agreed to convert part of an outstanding $1.3 billion loan into stakes in the miner's PT Bumi Resources Minerals unit, its coal ...
Tags: Mining Units, PT Bumi Resources
A small upturn in prices for sub-5,000 kcal/kg NAR Chinese thermal coal on perceived stirrings of restocking activity for the upcoming northern hemisphere winter and some market tightness was seized on by traders Friday. South China ...
Tags: Coal, Metallurgy, Mineral, Energy
BHP Billiton, the biggest miner in the world, said earlier this week that the global prime material market is weakening due to the increasing supply and also showed its moderate outlook of the steel demand in Asia. The company’s ...
Eastern US miner James River Coal has cut about half of its annual Central Appalachian coal production "in response to continued weak coal markets," the company said Monday night after the close of markets. The cutbacks amount to about ...
Tags: Coal, Metallurgy, Mineral, Energy
Trafigura and Abu Dhabi's sovereign fund Mubadala Development announced that they signed a memorandum of understanding (MoU) with Brazilian miner MMX for buying the company's majority stake of the company's Superporto Sudeste port. The ...
Tags: Construction, steel
Mongolia-based Chinese miner Mongolian Mining Corporation (MMC) has announced its financial results for the first half of 2013. In the first half, MMC registered a net loss of $25.2 million, compared to a net profit of $31 million in the ...
Tags: Mongolian Mining, Mineral
It’s reported that India is having the ambition to build the first gigantic steel mill with 12 million tons per annum capacity a step in the direction to achieve 300 million tons capacity by 2025. The Indian state-owned miner National ...
Tags: Gigantic Steel, Mineral
Egyptian miner, Asec, has posted EGP17.8m ($2.5m) in net losses in the first six months of 2013, compared with net losses of EGP15.2m ($2.1m) in the same period last year, Ahram has reported. Pre-tax financial results of the first six ...
Tags: Construction
Finland-based nickel and zinc miner Talvivaara Mining Company Plc has announced its financial results for the second quarter and the first half of the current year. In the second quarter, Talvivaara registered a net loss of €27.6 ...
Tags: nickel, zinc miner
Shandong-based Chinese iron ore miner Jinling Mining Co. has issued its financial results for the first half of the current year. Accordingly, in the first half Jinling Mining recorded an operating revenue of RMB 672 million ($109.76 ...
Tags: Jinling Mining, Mineral
Australian miner Fortescue Metals Group has announced that Taiwan-based Formosa Plastics Group has invested US$1.15 billion in the FMG Iron Bridge Joint Venture, established to develop the FMG Iron Bridge Project, which is 88 percent owned ...
The Georgia Mining Association (GMA) recently awarded its Miner of the Year and Lifetime Achievement Awards to two employees of BASF ’s Middle Georgia Kaolin site. Jack Hodge, Environment, Health and Safety (EH&S) Team Leader ...
Tags: BASF, Georgia Mining Association
Reportedly, the mining giant Rio Tinto hit a five-month high amid speculation that the miner was moving closer to selling its Alcan aluminum division. Rio Tinto’s management was now focused on understanding the business. While ...
Zijin Mining Group Co., China's largest gold producer by output, announced on Wednesday a 54 percent year-on-year slump in net profits in the first half of 2013, largely due to falling gold prices. In a statement filed with the Shanghai ...
Tags: Gold Miner, China's Largest
Brazil-based miner Vale has announced its financial results for the second quarter of the current year, reporting a net profit of $424 million, decreasing by 84 percent compared to the second quarter of the previous year. The company's ...