ArcelorMittal's entry into India comes at a time when Indian steel demand is growing at the fastest pace in the world.
Asia Mining News
Total revenue from operations jumped 63% to 99.82 billion rupees, while revenue from its iron and steel segment surged 73 percent to 86.45 billion rupees.
In the past two years, Cat has been working on growing its offering, particularly in the underground segment, as well as filling up some gaps in terms of trucks sizes.
We were initially skeptical about Diwali demand but it jumped this week, despite higher prices - Harshad Ajmera, the proprietor of JJ Gold House
The deal came amid choppy global markets, rocked by trade concerns and slowing economic growth in Asia - including Indonesia.
Sumitomo Metal cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output.
Indonesia's South Sumatra province plans to ban coal transporters from using public roads from Nov. 8
To avoid the resource curse Afghanistan needs to stop illegal mining.
Diwali is just a week away but there is no improvement in demand.
Nippon Steel plans to step up crude steel production in the October-March period, predicting an output of 21.6 million tonnes for the six months, above 20.58 million tonnes a year earlier.
Second major R&D collaboration this year to examine the use of scandium in next-generation battery storage technology.
"Our vision is to be the world's leading uranium company" - Ni Tao deputy manager of China National Uranium Co Ltd
Aanalysts expected the miner to post a profit of 12.68 billion rupees.
Mitsui has said it will trim its thermal coal assets in the long term but would continue to invest in coking coal - a key raw material for steel-making.
Following two innovation summits between ICMM members and suppliers, a governance model for collaboration has been designed.
JFE cuts crude steel output plan due to glitches, heavy rains.
Deal is part of Chaarat’s intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which aims to reach through acquisitions.
The gold miner has given up on Kumtor and decided to focus its efforts on completing a deal for Armenia-based Kapan Mining instead
The Australian rare earths miner has been granted an extension to a temporary permit to store residue at its Malaysian site.
Lead has all the hallmarks of a classic bull commodity story.
The calm before the storm, potentially.
The plants haven’t been running at full capacity after the court ruled last year that a change in regulations overseas couldn’t be a ground for increasing power prices.
The precious metal can help save lives.
Freeport-McMoRan CEO Richard Adkerson says reduced spending on large-scale projects will add to the impending supply gap on global copper markets.
Any strategic move would be possible -- as long as it’s in the best interests of shareholders.