State seeks enforced acquisition of MCC's Erdenet stake.
Asia Mining News
Company is accelerating expansion of its African zinc operations to take advantage of a surge in zinc prices.
The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.
Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.
Meanwhile, silver coin purchases for the month rose 10 per cent higher than last year.
Refined tin output fell to 5,361 tonnes in the quarter from 6,963 tonnes in the same period last year, the company said in a statement.
China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
Physical gold demand lacked vigour in most Asian hubs this week amid a slight dip in prices.
But the Canadian company said the uranium market remained “quiet.”
The most drawn-out deal in the global mining industry looks set for another round.
Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation’s largest gold operation.
The Philippines' top nickel ore producer, Nickel Asia Corp, said its export plans in 2018 remain unchanged despite government plans to limit mining areas.
The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.
Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project’s cash flow in the three-way deal.
The Phoenix, Arizona-based copper miner reported a lower-than-expected quarterly profit on Tuesday as red metal sales missed the company's forecast.
The iron ore producer reported a 2 percent fall in third-quarter iron ore shipments on reduced demand in China.
Indonesian coal miner Adaro Energy is targeting coking coal output of 1 million tonnes this year, up from 740,000 tonnes in 2017.
They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.
The London Bullion Market Association has added Hindustan Zinc Ltd.'s (HZL) silver refinery in India to its 82-strong 'Good Delivery List.'
Agarwal, who has been hunting for a new Vedanta CEO for more than a year, has consistently sought talent from the world’s biggest miners.
The London-listed firm said its total production of gold-equvivalent ounces (GEO) rose by 26 percent to 18,307 GEO from 14,577 GEO.
These projects will be dropped if they don't meet some requirements by the third quarter of 2019.
A new report issued by BMI research states that global bauxite production growth will accelerate over the coming years.
Next week Indians will be celebrating the annual festival of Akshaya Tritiya, when buying gold is considered auspicious.