The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
Aluminum Mining News
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.
A sharp reversal in metals and minerals prices during May see top mining companies shed billions in market value.
Sprott monthly market update with Rick Rule: Cobalt bubble coming; Kaminak & The Yukon; streaming & royalties
In the current bull market, with more equity available, streaming and royalty companies continue to provide much needed revenue in the base metals and industrial materials sectors.
Seven trading days in and already global mining investors are nursing double digit declines as everything from copper to met coal to silver take a beating.
Thanks to its innovative program that uses robots to recover the valuable parts from the millions of Apple devices discarded every year.
The issuing of export permits, however, will resume as soon as existing stockpiles shrink.
Today, we open up one of the world's most popular mobile handsets - the iPhone - to see what metals and materials make it all possible!
Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.
The spin-out from BHP Billiton says it is willing to take on the manganese ore venture if the price is right.
The report didn’t identify the metals but said researchers were looking at cadmium, copper, lead, mercury, nickel and zinc.
According to official figures, Iran has now more than $10 billion of investment pledges under its belt.
The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.
Demand for calcined bauxite in production of ceramic proppants is expected to grow by more than 5%py out to 2021 as North America and China target greater exploitation of unconventional oil and gas reservoirs, according to Roskill's new Non-Metallurgical Bauxite & Alumina report.