India's coal imports appear headed for another strong month in August, raising the question as to why the usually cost-sensitive market hasn't scaled back purchases given a surge in prices to the highest in nearly seven years.
Asia Mining News
As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.
Physical gold demand in India regained momentum this week as jewellers stocked up after prices dipped to their lowest in over seven months.
Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.
The copper miner said it would pay a dividend of 6 cents per share, the first since 2012, when it began ramping up its two mines in Kazakhstan.
Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne.
A mine explosion in Pakistan's southwestern city of Quetta killed at least seven coal miners, a mining official said on Monday, with authorities expecting the death toll could rise.
Trump's move sendsReut Turkey's lira currency deeper into tailspin
Fitch Solutions Macro Research states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India’s production ramps up, and existing projects in Guinea drive growth.
Protectionism could limit future growth.
Demand for spherical graphite continues to grow rapidly for use in the anodes of lithium-ion batteries.
The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong.
For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business.
Russia's Rusal is the world's largest aluminium producer outside China.
Production at Grasberg in Indonesia will fall by more than half next year as its giant pits transition to underground operations.
China alumina, aluminium output set for repeat curbs this winter.
Archaeologists unearthed 3,000 gold and precious metals objects and jewelry pieces.
Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year.
The resolution seeks to amend laws in Goa so that existing miners can continue to extract ore for about 20 years.
Trump has reportedly rejected a plan to levy tariffs of 10 percent on an additional $200 billion of imports from China and ordered aides to prepare a proposal for tariffs at the higher rate of 25 percent.
Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.
Any revisions would need to be discussed with the coal and power industry beforehand, and any impacts on state revenue would need to be calculated.
He has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for 778 million pounds ($1 billion).
Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.
Chigargunta-Bisanatham will be an underground mine and it would mark the first time the NMDC develops this type of operation.