"The Kobe Steel crisis is definitely helping other steel producers," Wunderlich Securities chief market strategist Art Hogan said.
Japan Mining News
Sale is part of Rio’s planned exit from Australian coal to focus on iron ore, copper and aluminum.
The agreement brings Yancoal’s stake in the Warkworth project to about 85 percent.
Komatsu America Corp., a leading global heavy equipment manufacturer, introduced the D375A-8 crawler dozer today
Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.
On the bright side, the companies have started production of ultra-heavy crude oil at their Hangingstone Oil Sands Project in Alberta
The mine, which began producing in May 2014, has suffered a series of technical problems in its ramp-up phase.
Former rival bidder Glencore will subscribe to $300 million worth of the rights offer.
After strong start to 2017, US steel output growth for the first six months slows to just 1.3%.
The approval ends a three-week bidding war between Yancoal and Glencore over Rio's thermal coal assets in Australia.
The company has chosen to sell its Hunter Valley coal mines to China-backed Yancoal, but shareholders will decide.
Some analysts claim that the cross rate between the euro and the yen affects the price of gold (the term “cross” meaning here that the quote does not involve the U.S. dollar). Are they right? Let’s see the chart below and check it out.
Fresh bid is far better than the $2.55bn it offered earlier this month and considerably more than the $2.45bn offered by Yancoal, the Chinese-backed miner that is Rio’s preferred buyer.
The acquisition would make of Yancoal Australia’s largest pure-play coal producer.
With the completion of the Japanese firm acquisition of 30% of Côté Gold Project, IAMGOLD's liquidity now exceeds $1 billion.
Chinese-owned Yancoal has signalled it may raise its bid for Rio Tinto's Hunter Valley coal assets, after striking the agreement with Mitsubishi to buy its stakes in the same mines.
The deal comes as Sumitomo, Japan’s top gold miner, looks to boost its output through acquisitions and exploration.
Metallurgical coal miners could be exposed to more pricing volatility if a move afoot to do away with quarterly pricing comes to anything.
Company wants to become Australia’s largest independent coal producer.
During the mining trial done at a depth of 4,153 feet, engineers extracted each day around 16,000 cubic metres of gas, with methane content of up to 99.5%.
And why the worst may be over already.
Whether we’re discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships.
Sprott Monthly Market Update with Rick Rule: This bull market is in its infancy, a lot of money is about to be made!
Rick sees a very interesting market, which flirted with an upside breakout, that failed.
Coking coal price has doubled in two weeks – storm damage to rail lines could affect Australian exports for another four weeks.
Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.