Japan Mining News

JX Nippon Mining appoints new president, sets out long-term vision

Seiichi Murayama, senior executive officer, will become its new president on June 26, replacing the current president Shigeru Oi.

US, allies propose financing for power plant for Papua New Guinea gold mine

The Wafi-Golpu mine in Papua New Guinea is considered one of the world's largest untapped gold resources.

World’s top uranium miner Cameco swings to loss in first quarter

The uranium producer logged a C$18.3 million loss in the first quarter of 2019, compared with a profit of C$57.8 million a year ago.

Japanese owner of Chile’s Caserones copper mine said to be mulling sale

Asked about it, however, JX Nippon Mining — the metal unit of JXTG Holdings — declined to comment, adding it was not something that has already been decided.

Orocobre and Toyota green light lithium hydroxide plant in Japan

The majority of production will feed the Japanese battery industry and will be sourced from the lithium carbonate produced from Orocobre’s Olaroz mine in Argentina.

Coal's collapse crowns winners and losers from China to the US

It’s been a stormy month for benchmark coal prices in Asia, with the potential for reverberations across the globe.

First bikes, then cars, now diggers as batteries' reach spreads

Komatsu’s “zero-emission” electric digger mirrors a push by global automakers to produce vehicles that meet stricter emissions standards.

Is coal's slump overdone? Australia's resilient exports suggest maybe

There are some signs that the rapid decline in thermal coal prices in recent months has moved the market into oversold territory.

Indonesia battery-grade nickel plant awaits environmental nod

Indonesia's first plant to produce battery-grade nickel is on track to start operations by 2020, though the project still needs an environmental permit that could take up to eight months.

First Quantum exits Japan Gold option

The move comes after completing an initial surface evaluation on its Eboshi, Kobui, Minamikayabe and Kamitsue lithocap projects in Japan.

Japan’s Mitsui injects $30m into Sigma’s lithium project in Brazil

The Japanese trading house is backing Sigma's Grota do Cirilo hard rock lithium project, in the south-eastern province of Minas Gerais.

Profitable coal trade beckons buyers brave enough to test China

It’s high quality and the price is a bargain, but the risk may be too great for Chinese buyers looking for a quick profit.

Glencore, Tohoku Electric set coal contract price at $94.75/T

The price, which serves as an industry benchmark for supplies of seaborne thermal coal in Asia, was 14% lower than a price agreed for the year through September this year.

Japan's Sojitz to sell stake in Indonesia's thermal coal mine

The deal reflects the company's effort to rebalance its coal assets, shifting away from thermal coal investment and focusing more on coking coal.

Dust samples from asteroid could help understand origin of precious minerals

Asteroids are considered one of the candidates that brought water to our planet, which they retain as hydrated minerals.

Lumina Copper faces charges, up to $55m fine for environmental breaches in Chile

This is not the first time the Chilean watchdog has fined Lumina.

India, Japan demand falls; holiday hangover dulls trade elsewhere

Until there is a solution to what is happening globally with Brexit and trade talks, we might see no clear direction.

World’s top uranium miner Cameco in no hurry to resume production

The company says it has seen a significant improvement over the past year, with prices up about 20%, but believes conditions are not where they need to be to restart idled capacity.

Indian jewellers stock up; holiday dims activity elsewhere

International benchmark spot gold prices were on track for their first weekly decline in three, but were still supported above the $1,300 an ounce level.

Japan's JFE says no impact on iron ore buying after Vale dam disaster

We need to closely watch Vale's overall output and how it will impact on iron ore markets going forward.

Japan steel federation chief sees higher domestic output in 2019

The nation's crude steel output slipped 0.3 percent to a nine-year low in 2018, as a string of natural disasters and glitches at steel plants led to slower production.

Japan's Idemitsu, Kyushu Elec, Tokyo Gas scrap coal-fired power plant plan

Kyushu Electric and Tokyo Gas said instead they will consider building a gas-fired power plant, using liquefied natural gas (LNG), at the same site owned by Idemitsu.

IAMGOLD puts construction of Canadian mine on ice

Building activities at Côté Gold, located in the Abitibi gold belt in Ontario, were slated to start in the first months of 2019, with pre-production beginning in late 2020.

BHP said to owe $215m in underpaid iron ore royalties to Western Australia

State claims BHP used its wholly-owned Singapore marketing hub subsidiary to understate the price of iron ore sold Japan and China buyers.

Indian demand lags on price surge; all eyes on Lunar New Year

Local gold prices in India touched their highest since July 2016 this week.