India, the world's second-largest coal importer, has defied its prior history of being a price-sensitive buyer and boosted its imports this year.
Asia Mining News
Chinese coking coal futures rose their most in a month on Thursday, buoyed by firm physical prices.
But rising gold imports could widen India's trade deficit and further pressure its currency, the rupee, which hit a record low of 71.95 against the dollar on Wednesday.
The city of Binzhou is planning five new projects to support development of a high-end aluminium industry, according to a local government document.
The Central Asia-focused explorer and developer said Tulkubash’s measured and indicated resource is now over 1.4 million ounces of gold, while the grade also rose 57% to 1.35g/t gold.
Contracts held by investors in China's iron ore futures have fallen to the lowest in more than three years.
The year-to-date gain is 16.6 per cent, and the metal used to power nuclear reactors is on track to record a second annual increase.
Ganfeng Lithium Co Ltd has filed for a Hong Kong stock market flotation, betting on a rise in demand for lithium as electric cars become more mainstream.
The move threatens to jolt China's exports of aluminium, which have been booming in recent months. Mexico "is a big market" for Chinese aluminium foil.
Over the past six months, platinum’s price has continued its multi-year decline, falling below $800 – close to its lowest level in a decade.
South Korea, Brazil and Argentina will benefit from the measure.
"It is not just China."
Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage.
The Nanchang-based company said its first-half net income came in at 1.28 billion yuan ($186.21 million), versus 830.2 million yuan a year earlier.
Junior continues to pursue $800-million acquisition of Centerra Gold's Kumtor mine in Kyrgyzstan.
Shanghai rebar steel futures dropped nearly 1 per cent.
Baoshan reported a 62.2 percent surge on first-half net profit on firm steel prices, but warned about the risks of trade protectionism in the second half.
The $280-million deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar del Hombre Muerto salt flat in Argentina.
China Petroleum & Chemical Corp. said its half-year earnings jumped to the highest level on record as refining profits climbed.
A former Singapore civil servant recounts how he’s lost almost $36,600 in the implosion of Noble Group Ltd.
Demand for physical gold was modest in India this week as the top bullion consuming state of Kerala coped with floods, while interest for the metal remained lacklustre elsewhere in Asia as buyers awaited a dip in prices.
The global market for surface mining trucks is expected to grow steadily to 2020, primarily driven by the growing demand from mining companies operating across the Asia-Pacific (APAC) region.
Extension of the deadline, the fifth one so far this year, seeks reaching final agreement that would end long-running dispute over the country’s largest gold mine.
Advancing a nickel-copper-PGE sulphide deposits and gold in Western Australia.
Help from Latin America and Southeast Asia.