Japan Mining News

EUR/JPY exchange rate and gold

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.

Glencore fights back, sweetens deal for Rio Tinto’s Australian coal assets

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.

Yancoal trumps Glencore bid for Rio Tinto’s coal mines

The acquisition would make of Yancoal Australia’s largest pure-play coal producer.

Japan’s Sumitomo Metal becomes IAMGOLD partner in Canadian project

With the completion of the Japanese firm acquisition of 30% of Côté Gold Project, IAMGOLD's liquidity now exceeds $1 billion.

Yancoal grabs Mitsubishi stakes in Rio Tinto's coal mines in $940m deal

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.

IAMGOLD sells stake in Ontario gold project to Sumitomo for $195 million

The deal comes as Sumitomo, Japan’s top gold miner, looks to boost its output through acquisitions and exploration.

Is coking coal pricing moving away from quarterly benchmarks?

Metallurgical coal miners could be exposed to more pricing volatility if a move afoot to do away with quarterly pricing comes to anything.

Yancoal seeks expansion in Hunter Valley with $710m bid for Mitsubishi’s mines

Company wants to become Australia’s largest independent coal producer.

China successfully mines flammable ice from the South Sea

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%.

Here's why the iron ore price is tanking

And why the worst may be over already.

INFOGRAPHIC: The numbers behind the world's closest trade relationship

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 soars past $300

Coking coal price has doubled in two weeks – storm damage to rail lines could affect Australian exports for another four weeks.

Australia ready to begin exporting uranium to India — Prime Minister

Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.

Joy Global becomes Komatsu Mining

The Japanese firm has completed its $3.7bn takeover of the Milwaukee-based equipment maker.

A viable, low-carbon path toward energy security for Japan's post-Fukushima economy

Eliminating high-risk dependence on imported fuels; vast potential in renewables and buildout around domestic technology advantages; stranded assets in coal projects; little chance of nuclear industry recovery.

Rick Rule on Uranium: Early means wrong, unless…

In an exclusive Q&A session for Sprott Private Wealth clients, Rick Rule shared his thoughts on the uranium market and explained why speculators shouldn't worry too much about being early.

Joy Global posts first-quarter loss, but will pay dividend

Joy will pay a dividend of $0.01 per share by March 31, provided that the proposed merger with Komatsu America Corp. does not close before the close of business on March 17, 2017.

Uranium price rally comes to screeching halt

Down more than 6% Friday as realities of Japanese reactor restarts make an impact.

CHARTS: The gigantic paper market to price gold

The gold market dwarves turnover on the Dow Jones and the S&P 500 combined, German and UK government bonds and even some of the top currency pairs.

Canada’s Cameco posts $62 million loss hurt by sinking uranium prices

Prices for the radioactive metal have fallen more than 50% since the Fukushima disaster in 2011

Japan to host largest energy event in over a decade

The Asian nation will continue to lead in global gas & LNG as the country prepares to welcome 25,000 professionals from across Japan and the world, including JERA, Tokyo Gas, Mitsubishi Corporation, Mitsui & Co, ExxonMobil, Shell and many more.

Cameco to lose $1.3bn as Japan’s TEPCO cancels uranium contract

Tepco’s termination of the contract would affect about 9.3 million pounds of uranium deliveries through 2028, Cameco said.

US withdrawal from TPP to impact steel sector — Wood Mackenzie

Steel the US has traditionally exported to TPP countries is high in value–added, which is exactly the kind of product that helps keeping the high-cost local steelmaking business afloat, analysts warn.

Coking coal price crashes through $200

Coking coal takes 6% tumble on Tuesday for a $120 a tonne decline over just six weeks.