Japan Mining News

Tax payments from Minnesota's iron ore industry show lower production

Taconite-pellet plants and ore-concentrating firms produced 29 million tonnes last year, down from 33 million tonnes in 2015.

Six years after Fukushima, robots finally find reactors’ melted uranium fuel

After three days of carefully navigating through a shattered reactor building, the Manbo finally reached the heavily damaged Unit 3 reactor.

Texas uranium deposits could meet US nuclear energy demand for almost a year

But low prices for the radioactive commodity remain a challenge, the latest report by the US Geological Survey (USGS) shows.

Weak uranium prices force Cameco to halt two operations in Canada

Company will suspend operations at the McArthur River and Key Lake at the end of January for at least 10 months.

Cameco posts unexpected third-quarter loss, trims production outlook

Cameco said its most immediate goal was to remain competitive and in a position to be among the first to respond when the market calls for more uranium.

U.S. steel stocks jump after Kobe Steel crisis deepens

"The Kobe Steel crisis is definitely helping other steel producers," Wunderlich Securities chief market strategist Art Hogan said.

Rio Tinto's $2 billion coal assets attract investor consortium: sources

Sale is part of Rio’s planned exit from Australian coal to focus on iron ore, copper and aluminum.

China-backed Yancoal Australia exercises option to up stake in coal mine

The agreement brings Yancoal’s stake in the Warkworth project to about 85 percent.

Komatsu America Corp. introduces the new D375A-8 crawler dozer

Komatsu America Corp., a leading global heavy equipment manufacturer, introduced the D375A-8 crawler dozer today

Glencore to offload second coal mine in Australia in less than three months

Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.

Good and bad news from Japan-China oil sands projects in Canada

On the bright side, the companies have started production of ultra-heavy crude oil at their Hangingstone Oil Sands Project in Alberta

Chile's Caserones copper mine close to reach full capacity after weather forced 3-week shutdown

The mine, which began producing in May 2014, has suffered a series of technical problems in its ramp-up phase.

Yancoal seeks $2.5bn from investors to pay for Rio’s Aussie coal mines

Former rival bidder Glencore will subscribe to $300 million worth of the rights offer.

US steel production falls back in June

After strong start to 2017, US steel output growth for the first six months slows to just 1.3%.

Rio Tinto shareholders greenlight sale of Aussie coal assets to Yancoal

The approval ends a three-week bidding war between Yancoal and Glencore over Rio's thermal coal assets in Australia.

Rio brushes off Glencore latest offer for coal mines, sticks with Yancoal

The company has chosen to sell its Hunter Valley coal mines to China-backed Yancoal, but shareholders will decide.

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%.