Asia Mining News

India's steel giants to focus on product mix, quality to take on ArcelorMittal

ArcelorMittal's entry into India comes at a time when Indian steel demand is growing at the fastest pace in the world.

India's Jindal Steel and Power posts Q2 profit on one-time gain

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.

Caterpillar steps up game to keep leadership in North America

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.

Key festivals light up Indian demand

We were initially skeptical about Diwali demand but it jumped this week, despite higher prices - Harshad Ajmera, the proprietor of JJ Gold House

Indonesia's Inalum sells $4B in bonds to fund Freeport purchase

The deal came amid choppy global markets, rocked by trade concerns and slowing economic growth in Asia - including Indonesia.

Japan's Sumitomo Metal cuts FY profit forecast on lower metal prices

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 hauling ban could paralyse South Sumatra coal mining – Assoc

Indonesia's South Sumatra province plans to ban coal transporters from using public roads from Nov. 8

How to avoid the resource curse? Take 6 years to approve deals

To avoid the resource curse Afghanistan needs to stop illegal mining.

Asia Gold-India's festival week fails to spark demand

Diwali is just a week away but there is no improvement in demand.

Nippon Steel first-half profit falls 4% on rising costs, slower output

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.

Australian Mines shares soar after partnering with Indian firm to produce key battery metal

Second major R&D collaboration this year to examine the use of scandium in next-generation battery storage technology.

China's CNNC seeking overseas partners to secure uranium

"Our vision is to be the world's leading uranium company" - Ni Tao deputy manager of China National Uranium Co Ltd

India's Vedanta Q2 profit falls 34.3%, but beats Street

Aanalysts expected the miner to post a profit of 12.68 billion rupees.

Japan's Mitsui may sell stake in Australia thermal coal mine

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.

ICMM introduces innovation roadmap for cleaner mining vehicles

Following two innovation summits between ICMM members and suppliers, a governance model for collaboration has been designed.

Japan's JFE, Kobe Steel cut profit outlook on glitches, higher costs

JFE cuts crude steel output plan due to glitches, heavy rains.

Chaarat Gold buys Armenian mine from Russia’s Polymetal for $55m

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.

Chaarat Gold says Centerra refused C$2B offer for firm, not just Kumtor

The gold miner has given up on Kumtor and decided to focus its efforts on completing a deal for Armenia-based Kapan Mining instead

Lynas jumps after winning temporary extension for Malaysia rare earth plant

The Australian rare earths miner has been granted an extension to a temporary permit to store residue at its Malaysian site.

Lead, the bull market no-one wants to buy into

Lead has all the hallmarks of a classic bull commodity story.

Japan steel industry group head worried about signs of slowing China economy

The calm before the storm, potentially.

India court asks regulator to decide on Tata, Adani power relief

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.

Silver boosts treatment for brain-eating bug

The precious metal can help save lives.

Copper price drop prompts expansion rethink at top producer

Freeport-McMoRan CEO Richard Adkerson says reduced spending on large-scale projects will add to the impending supply gap on global copper markets.

Freeport CEO says miner not actively looking to sell itself soon

Any strategic move would be possible -- as long as it’s in the best interests of shareholders.