Aluminum Mining News

Price recovery sparks domestic Chinese copper, iron ore production boom

As steel production reaches all-time high Chinese miners pump out most iron ore since 2015 while refined copper output jumps 12% to highest in 18 months.

Clean energy transition to increase demand for minerals — World Bank

Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.

Rio Tinto axes iron ore export forecast for the year

It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.

Can Trump resurrect US aluminum – and who killed it anyway

China, with its massive aluminum sector and equally massive exports, stands accused, but the real smelter killers were much closer to home.

Malaysia extends bauxite mining moratorium for six months

Moratorium aims to restrict illegal mining activity on private land and companies that ignore mining guidelines, resulting in environmental pollution.

Ghana signs $10B MOU with China for bauxite project – Senior Minister

The funds from Beijing would contribute towards building 1,400 km of a planned 4,000 km railway network, which would connect bauxite mines and production sites.

US Supreme Court rejects New Mexico’s suit against Colorado over mine spill

Court did not provide details about its decision to dismiss the case; it just said most magistrates opposed hearing the lawsuit.

CHART: Commodity prices slump to 50-year low against US stocks

S&P500 most expensive compared to commodities since late 1960s despite last year's rally in metals and mineral prices.

Chinalco wants to be sole owner of world’s largest iron ore deposit

Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.

Dozens trapped, two killed in Iranian coal mine explosion

The blast took place at a mine located in Iran's northern Golestan province on Wednesday morning.

South32 buys stake in Canada’s Arizona Mining for $81 million

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.

South32 drops $200 million plan to buy Peabody coal mine

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.

Buy precious, sell base (metals)…..

Precious metals expert Michael Ballanger explains why he believes base metals are overbought and precious metals, especially silver, are set to appreciate.

America’s infrastructure shortfall could be an investor’s best friend

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+.

Curb your copper price enthusiasm – report

"The run-up in base metal prices, particularly after the US Presidential election, may be getting ahead of fundamentals."

EPA won't pay mine spill claims

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.

‘Trump effect’ on resurgent Iranian mining sector close to none — analysts

Any re-instatement of sanctions will, if at all, pose minimal additional hurdles to new investors, BMI Research says.

CHART: How every commodity performed in 2016

It was an up and down year for commodities, but things ultimately finished in the black.

EPA says Colorado mine spill equivalent to 4 to 7 days of ongoing acid drainage

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.

South32 looking for more coking coal mines

The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.

Rio Tinto sells Scottish aluminum assets for $410 million

With this deal, Rio has now agreed to more than $1.3bn in divestments this year.

Forget gold price. The real Trump rally is in copper

Industrial metals surge as US president elect vows massive infrastructure spending – budget could top $500 billion.

South32 scoops up Peabody's Metropolitan coal mine in $200m deal

The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.

BHP Billiton jumps on the electric car bandwagon

The world’s largest miner sees electric vehicles boosting copper demand.

CHART: Despite unnerving gold price fall, mining rally's intact

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.