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Asia Mining News
Prohibition only affects planned mines, not the ones currently in operations, but it will take effect immediately.
Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.
The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.
World's top listed copper miner cuts production outlook for the year, but impact of dispute with Jakarta more contained than thought.
The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.
The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.
Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.
Burning coal, oil, and natural gas is responsible for two-thirds of humanity’s emissions of greenhouse gases, and yet provides more than 20% of GDP in two dozen nations.
The Indonesian unit is now in the process of obtaining a full export permit.
The new plant, to be based at the Karabil potash deposit, is estimated to be worth about $1.4 billion.
The yellow metal ended the U.S. day session modestly down at $1,286.20 an ounce
Dozens of people flock to the Bong Mieu mine every day to extract gold
They have found valuable minerals atop an underwater mountain, which is basically a huge flat-topped mound of some of the scarcest materials on Earth.
But market was in small deficit according to study.
The commodity is now trading below $70 a tonne and has just suffered its largest one-day percentage decline in over a year.
New report says despite a slowdown in China, falling mine production will push lead prices higher over the next five years.
With 2,400 listed companies and a market cap of $20 trillion, the NYSE is the biggest exchange in the world. But how do other exchanges compare?
Coking coal price has doubled in two weeks – storm damage to rail lines could affect Australian exports for another four weeks.
Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.
Iran’s nuclear chief says the country will produce about 40 tonnes of uranium this year, more than half the total amount yielded over the preceding years.
Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.
The following animated chart is based on data and projections from the U.N. Population Division, and it shows the evolving population share by region between 1950 and 2100.
The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.
While the company had other projects in the country, the Bayan Khundii gold project went from greenfield prospect to being its main asset in roughly nine months.