The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese investments in the resource-rich West African nation.
Aluminum Mining News
The rise of electric vehicles and the quest to find solutions to energy storage for the renewables industry have created a breeding ground for tech experts to develop battery technologies.
The news around China’s pollution crackdown spiked investors concerns
The western U.S. state is asking the EPA to pay for the cost of cleanup and long-term maintenance of the San Juan River and Lake Powell
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.
Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.
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.
China, with its massive aluminum sector and equally massive exports, stands accused, but the real smelter killers were much closer to home.
Moratorium aims to restrict illegal mining activity on private land and companies that ignore mining guidelines, resulting in environmental pollution.
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.
Court did not provide details about its decision to dismiss the case; it just said most magistrates opposed hearing the lawsuit.
S&P500 most expensive compared to commodities since late 1960s despite last year's rally in metals and mineral prices.
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.