Sumitomo Metal Mining and Sumitomo Corp. will pay $800 million earn-in contribution and $400 million matching contribution for a third of Teck's 90% interest in Quebrada Blanca mine.
Japan Mining News
The smelter went into maintenance that was scheduled for about 30 days, but has been extended due to a lack of oxygen supply from a neighboring oxygen plant.
Natural disasters and glitches at their ageing facilities have prevented Nippon Steel from producing as much steel as they had planned.
To underscore the company’s commitment to progress, Komatsu plans to enhance the AHS’ mixed-operation functions, enabling manned trucks of any make to interoperate with Komatsu AHS trucks in a blended operation. Komatsu is also working with industry stakeholders towards standardization of interoperability between Komatsu and non-Komatsu autonomous vehicles, to improve safety and efficiency at customer operations.
Sumitomo Metal cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output.
Nippon Steel plans to step up crude steel production in the October-March period, predicting an output of 21.6 million tonnes for the six months, above 20.58 million tonnes a year earlier.
Panasonic already makes money on batteries for the Model S and Model X, which it produces domestically.
Due to lower production amid bad weather and a slow ramp-up after a regular maintenance, Sumitomo now expects a loss of 13.6 billion yen.
Japan's top aluminium rolling company is removing Rusal from its suppliers list for next year due to uncertainty over U.S. sanctions.
"Our vision is to be the world's leading uranium company" - Ni Tao deputy manager of China National Uranium Co Ltd
Mitsui has said it will trim its thermal coal assets in the long term but would continue to invest in coking coal - a key raw material for steel-making.
JFE cuts crude steel output plan due to glitches, heavy rains.
The calm before the storm, potentially.
Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.
Steel demand expected to rise by 3.9% in 2018, but trade tensions are clouding global economic outlook.
The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.
Mitsui Mining and Smelting Co Ltd plans to produce 114,600 tonnes of refined zinc during October-March in the 2018/19 financial year.
Premiums for Japanese aluminium shipments for the October to December quarter were set at $103 per tonne.
The planned campus would include about 170,000 square feet of office space, a 20,000-square-foot museum and training building, and 410,000 square feet of manufacturing space
Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.
Tractor maker joins other Japanese manufacturers which have admitted in the past year to faulty inspections or data manipulation.
Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.
The president of Peru’s National Society of Mining, Petroleum, and Energy said the project will create 9,000 jobs during its construction phase and additional 2,500 once it goes into production.
Panasonic has already significantly reduced cobalt content, to about 10 percent in its nickel-cobalt-aluminium cathode chemistry.
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.