Company has finished selling its stakes in the White Mountain and Tanjianshan mines, as well as in the Eastern Dragon development project to an affiliate of China’s Yintai Resources.
China Mining News
Fresh rules aim to counter surging prices for the nation’s top energy source.
Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.
New survey of analysts calls into question post-Trump surge with consensus forecasts pointing to sharp decline by year-end and continuing weakness in 2017.
But US gold mining industry will stagnate says BMI Research in new study.
Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.
After underperforming badly in 2016, copper is now firmly in a bull market with a 26% rise in just three weeks, jumping to a 17-month high on Friday.
Consumer demand for jewellery, coins and bars, dropped by a quarter as high prices slowed down acquisitions from top consumers China and India. Investments, however, were up by 44%.
Move will push up costs by Cdn$250 million ($187M).
Actual demand likely higher as underreporting tends to skew official production data.
FLSmidth has signed a contract for the supply of pyroprocessing and comminution equipment for Tianqi Lithium Australia's lithium hydroxide processing plant, which will be located in Kwinana, Western Australia.
The most-traded coking coal for January delivery on the Dalian Commodity Exchange soared 10% to 1,516 yuan ($224) a tonne, a record high.
Countries heavily reliant on their extractive sectors need to step up efforts to lure investors or they will see their infrastructure sectors stalled, warn analysts.
Underperforming bellwether joins industrial metals party.
The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.
Number 1: Producers have negotiated quarterly contracts $70 below the spot price.
"It would of obvious strategic benefit for China to control a major iron ore deposit and add new supply to discipline the market."
The permanent magnet and catalyst sectors will continue to provide the largest markets for rare earths in the next ten years to 2026.
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.
As seaborne coking (up 227% year-to-date) and thermal coal (up 128%) continue to rally, decline in US domestic prices, exports resume long-term down trend.
The move comes only a few days after it resumed operations at Collinsville mine in Australia's Queensland state.
If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.
Chinese gauge of manufacturing activity "unambiguously upbeat, consistent with broader evidence that economy is in the midst of a cyclical recovery"
China's coal mines continue to be among the deadliest in the world.
Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.