Most of the division’s assets will be acquired by Mosaic, the world’s largest producer of phosphate fertilizer.
China Mining News
New report shows higher gold price during third quarter sparked 20% surge in global scrap supply even as jewellery sales in Asia fall to multi-year lows.
The China Lithium-Ion Battery market has seen a massive surge in growth over the last years, with a CAGR in excess of 50% since GCiS’ previous research conducted in 2011.
The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.
Glencore has already restarted its Collinsville mine in Queensland and there are at least seven other coal operations set to resume production before year-end.
Veolia Water Technologies is providing HPD® Evaporation and Crystallization equipment vital to the operations of General Lithium Ltd’s new lithium hydroxide monohydrate and lithium carbonate plant in Jiangxi Province, China.
While jewellery sales are down, a plummeting currency is lighting a fire under gold portfolio investors.
The process of restoring calm in local communities and the re-opening of essential infrastructure is now underway, said the miner Monday.
Steelmaking coal surges again and seaborne price for coal used in power generation reaches highest since May 2012.
The former manager of a Chinese state-owned coal-mining firm has been found guilty of accepting bribes and given a death sentence.
Smaller rival Fortescue Metals went the opposite way — it increased iron ore exports by 5% in the Sep. quarter.
BMI predicts that in 2017 nickel prices will start to moderately decline, as the global market moves into 27.2 thousand tonnes surplus.
CAT said it remains committed to existing customers.
December Comex gold was last up $7.40 an ounce at $1,270.30.
The last time prices for the commodity were this high was in 2012.
Prices rose after China — the world’s biggest consumer and producer — cut its output.
He is the first person to die in clashes over mining under new President Pedro Pablo Kuczynski.
The move is part of the government's increasing efforts to clamp down on damage caused by the mining industry in the nation, the world's top nickel ore supplier.
The red metal closed Thursday at $2.1220 per pound.
Chinese traders back from week-long holiday continue to chase steelmaking raw materials.
CHARTS: Panic buying from Europe and India said to be behind met coal surge.
Chinese gold investors usually buy on dips, but the country's financial markets were closed for the annual Golden Week holiday.
During Q3, the daily spot price averaged almost $133 per tonne, 44% higher than the quarterly benchmark agreed in late June.
US imports 91% of its rare earth needs from China as low price environment bankrupts producers and stalls projects elsewhere.
The world’s biggest coal producer expects to reach targets for cutting unneeded capacity by the end of 2016, which is earlier than planned.