Japan Mining News

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.

Glencore becomes sole owner of Newlands, Collinsville coal mines in Australia

After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.

Fukushima rocked by another quake; nuclear plant briefly disrupted

Cooling system for spent nuclear fuel on the third reactor of the Fukushima plant halted for a brief period, then restarted.

Japex postpones oil sands expansion project to mid-2017

Move will push up costs by Cdn$250 million ($187M).

Cat scales back room and pillar business

CAT said it remains committed to existing customers.

Joy Global shareholders approve $3.7 billion acquisition by Komatsu

The deal still remains subject to closing conditions and regulatory clearances.

Komatsu America to buy and convert four NM and TX distributor locations for relaunch as Komatsu Southwest

Locations will support long-term distributor growth and customer satisfaction goals

Gold in Japan, the last frontier

Bob Moriarty of 321 Gold discusses Southern Arc Mineral's large stake in Japan Gold Corp., a new company positioned to take advantage of Japan's opening of gold exploration to foreign companies.

Hitachi Construction to buy Australia’s Bradken for $528 million

In the absence of a superior bid Bradken’s board has unanimously recommended shareholders to support the deal.

Gold's bull market just starting: Analysts

Robert McEwen says the metal could trade in a range of $1,700 an ounce to $1,900 by the end of the year.

Komatsu introduces the 980E-4 mining haul truck

The 980E-4 offers electric truck pedigree, one of the largest payloads available, and an answer to market demand for 400-ton trucks

Japan Canada Oil Sands to keep Hangingstone project offline until further notice

The project, one of Canada’s oldest, will remain closed until benchmark oil prices rise above US$50 per barrel.

Mining services to target high value technologies to streamline ops and cut costs

Mine services companies will increasingly target better-performing commodities and focus on technology research and development to help miners streamline operations and cut costs as the weak mineral price environment continues to weigh on profit margins.