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.
Asia Mining News
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.
From vacuum cleaners to electric vehicles.
POSCO's revenue in Q3 rose 9.1% from a year earlier to 16.4 trillion won, beating the analysts' estimate of 16 trillion won.
The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.
He is said to have already begun training three to four people to succeed him in the job.
Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.
A rock burst at around 11 p.m. on Saturday destroyed part of a water drainage tunnel in a coal mine.
Gold demand in this years Dusherra falls by 40% in some pockets.
465,000 tonnes of nickel play 'hide and seek'
World salt exports rose to 64 million tonnes in 2017, up 10 million tonnes from 2016.
With its biggest stock overhang and a deal around its flagship asset in Indonesia close to being solved, the miner has said all options are open, even potentially a sale of the entire company.
Hedge funds that doubled down on bearish gold wagers are facing a gut check.
If this trend continues, then it’s going to be a dampener.
The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and KSS Petron.
State-owned miner Inalum said the $3.85 billion deal is still subject to the issue of environmental recommendations and a special mining permit (IUPK) by the Indonesian government.
The copper market is currently experiencing a squeeze on physical metal which is unexpected.
The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).