S&P500 most expensive compared to commodities since late 1960s despite last year's rally in metals and mineral prices.
Aluminum Mining News
Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.
The blast took place at a mine located in Iran's northern Golestan province on Wednesday morning.
The Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share, or about 15% of Arizona Mining’s outstanding shares.
The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.
Precious metals expert Michael Ballanger explains why he believes base metals are overbought and precious metals, especially silver, are set to appreciate.
Every four years, the American Society of Civil Engineers (ASCE) releases its report card on the condition of America’s infrastructure, and for the second time since 2013, our nation’s roads, bridges, waterways, airports and more scored a barely-passing D+.
"The run-up in base metal prices, particularly after the US Presidential election, may be getting ahead of fundamentals."
The US Environmental Protection Agency won’t pay the $1.2 billion in claims filed by local governments, farmers, ranchers, tribes, and river-running raft companies.
Any re-instatement of sanctions will, if at all, pose minimal additional hurdles to new investors, BMI Research says.
It was an up and down year for commodities, but things ultimately finished in the black.
In a final report, the agency acknowledges that concentrations of some metals at the Animas river following the spill were higher than historical mine drainage.
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
With this deal, Rio has now agreed to more than $1.3bn in divestments this year.
Industrial metals surge as US president elect vows massive infrastructure spending – budget could top $500 billion.
The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.
The world’s largest miner sees electric vehicles boosting copper demand.
While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.
The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.
Move comes thirteen months after an EPA crew mistake caused millions of gallons of bright orange wastewater to taint rivers in Colorado, New Mexico and Utah.
The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.
The worst is over, at least for base metals, says Moody's, but warns that challenging industry conditions should continue through to at least 2018.
Bauxite miners ride the wave as China steps up aluminum production.
Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.
Iran's national development plan targets production of 2 million tonnes of copper per year by 2025.