The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier.
Nickel Mining News
The Philippines' top nickel ore producer, Nickel Asia Corp, said its export plans in 2018 remain unchanged despite government plans to limit mining areas.
The country was ranked 10th in world nickel production in 2016 and sixth in cobalt.
If the commodity sector keeps the pace for the rest of 2018, this will be the best year for the asset class since 2003.
The move is likely to happen early next year and last for three months, after which pricing will return to the ring.
They say there has to be a balance between exploiting mineral resources from the seabed and protecting vulnerable marine ecosystems.
With Russian aluminium producer Rusal imploding in the wake of U.S. sanctions against its oligarch owner Oleg Deripaska, attention is now turning to the status of another Russian industrial powerhouse, Norilsk Nickel.
Aluminum rallied as much as 7.1 percent, a record intraday gain, to $2,718 a ton in London.
It expects to have sold 90% of its nickel sulphate supply by the end of 2019, two years earlier than anticipated.
Price surges nearly 5% to three-year high over worries that top producer Norilsk could befall the same fate as aluminum giant Rusal.
The company halted production and transport operations for 90 days at the Minas-Rio mine to comply with a request by authorities that it inspects a pipeline that has leaked twice.
Cobalt27 CEO lines up Chinese automaker deals, ponders HK listing: “There is a lot of interest and it is natural because it is where all this will happen”.
The tenements are within the Leinster Nickel Project, located in granites and greenstones of the Achaean Kalgoorlie Terrane.
In 2016, the most recent year from which data is available, 19.6 trillion won ($18.38 billion) worth of metals were extracted from recycled materials.
When it was placed under liquidation, Tati had incurred a cumulative loss of 1.6 billion pula ($165 million) and owed creditors one billion pula.
The court accepted as valid arguments and evidence presented by community leaders who claimed that waste emissions from South32’s Cerro Matoso nickel mine caused skin, lung and heart problems to people in the nearby towns.
Despite analysts predicting that sanctions against Oleg Deripaska may cause a turmoil in the mining world, Kinross made an effort today to stand clear from such possibility.
The second largest ever private equity fund focused on mining closed in the first quarter – 13 funds aim to raise a further $4.9 billion in 2018.
Chinese companies are leading the way in securing the raw materials needed for a massive expansion in battery capacity.
Deripaska is the main owner of the conglomerate EN+, which in turn is the co-owner of some of the world's biggest metals producers.
The rapid proliferation of poisons in a widening variety of applications requires better monitoring and control.
Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.
New lab discovery uses molybdenum to solve problems of lithium sulphur batteries, doing away with nickel and cobalt for cheaper, lighter, safer technology.
The review by the Mining Industry Coordinating Council is now set to take six months instead of three, according to the Department of Finance.
Gungnir's drill campaign would begin in the second quarter of 2018 with 20 diamond drill holes testing six target areas over a strike length of more than 8 km.