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.
Japan Mining News
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.
Japan has launched a complaint at the World Trade Organization to challenge South Korean anti-dumping duties on Japanese stainless steel bars.
Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.
Global demand for nickel is increasing by 7.3 percent in 2018 from last year to 2.298 million tonnes, while supply rises 6.8 percent to 2.210 m tonnes,
Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.
The boardroom shake-up comes a few days after fresh cases of misconduct at its Naoshima copper smelter and refinery in western Japan was found.
The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.
But the Canadian company said the uranium market remained “quiet.”
Next week Indians will be celebrating the annual festival of Akshaya Tritiya, when buying gold is considered auspicious.
Miners were forced to curb spending by a collapse in commodities prices in 2015-16, but a partial price recovery since then has eased the pressure.
Japan's third-biggest copper smelter said it plans to produce 187,374 tonnes of refined copper during April-September.
The Japanese energy and metals company said the impairment loss at its Caserones copper mine in Chile was due to higher production costs.
Reactions continue to pour in following U.S. President Donald Trump’s imposition of 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada.
Brazil, Argentina, Japan and the EU have expressed concerns about the measure.
Asia’s No.1 carmaker has developed a magnet that reduces dependence on neodymium, a key rare earth metal used in the world’s most powerful batteries for electric vehicles.
Company expects Côte Gold project to create as many as 1,200 jobs during the construction phase, estimated to last two years.
Canada’s top uranium producer is seeing the first improvements brought by higher prices and drastic cost-cutting measures, including the recent haly of its flagship McArthur River mine in northern Saskatchewan.
Japanese scientists want to determine the needed components to design batteries with less volatility and flammability.
The operator of Japan’s stricken Fukushima Daiichi nuclear power plant has been given initial approval to restart reactors at another atomic facility, marking the first step towards the firm’s return to nuclear power generation more than six years after the March 2011 triple meltdown.
Taconite-pellet plants and ore-concentrating firms produced 29 million tonnes last year, down from 33 million tonnes in 2015.