ArcelorMittal Temirtau, will suspend the export of hot-rolled steel coils to Iran due to the re-imposition of U.S. sanctions
Asia Mining News
The government will close the mine until an investigation is complete and it gets the conclusions of international experts.
High-grade iron ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity.
This is the latest disaster in the Hpakant jade mining region.
BMW already signed up as the factory's main client.
"In last few days the rupee and international prices are moving in favour of buyers. Jewellers are placing orders," said a Mumbai-based dealer.
The world’s No.2 miner is selling its 40% in the giant Grasberg mine, the world’s second largest copper operation, to Indonesia’s state mining company PT Inalum.
An international group of researches have recommended 18 quantitative metrics that regulators can use to assess seabed mining projects.
Huh Chin-kyu has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils.
The Philippines is the world's No.2 nickel ore supplier after Indonesia, shipping the bulk of its output to top buyer China.
Over 80 percent of the total workforce earn a piece rate of 1 to 25 rupees for each stone they polish and have no social benefits.
The rupee hit a record low in the last week of June and has lost nearly 8 percent so far in 2018. Local gold prices have risen more than 5 percent.
The sale of Vale stakes has been a subject of market speculation since the world's largest iron ore miner moved to a single class of stock in October. Mitsui currently holds a 5.51 percent stake in Vale.
Seaborne price for coal used in electricity generation scales $120 a tonne as South Africa diverts exports for domestic use and Asian demand spikes.
Indians’ love affair with gold is cooling.
Fresh setback for the company’s Solwara 1 project, expected to be the world’s first seabed gold, copper, silver mine.
Indonesia has extended an operating permit for Freeport's Grasberg copper-gold mine while discussions over long-term rights continue.
Billionaire Anil Agarwal faces investor resistance to his $1 billion bid to buy out minority shareholders in Vedanta Resources and take the London-listed Indian miner private.
Indonesian minister says majority stake purchase of iconic mine seen valued at $3.5 billion to $4 billion.
Vedanta "can be the second- or third-largest resource company in the world."
Thyssenkrupp's joint venture with Tata Steel - to be named Thyssenkrupp Tata Steel - will have around 48,000 workers and about 17 billion euros in sales.
The deal might be completed in July.
Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum imports.
Mongolian lawmakers approved a plan to sell up to 30% of the troubled Tavan Tolgoi coal mine in the Gobi desert.
Unless demand falls back, or some of these outages dissipate, oil prices could be heading much higher.