The acquisition would make of Yancoal Australia’s largest pure-play coal producer.
Rio Tinto Mining News
Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.
The $338 million-project will take annual mine capacity from 5 to 10 million tonnes.
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.
Miner and commodities trader Glencore (LON:GLEN) has performed a coup d'etat on a deal that was practically sealed between Yancoal Australia (ASX:YAL) and Rio Tinto’s (ASX, LON:RIO) for Rio's coal assets in Australia's Hunter Valley.
Iron ore's transformation from a relic of the industrial age to the driving force behind a commodity supercycle that reshaped the global economy.
Each of the one-kilogram coins, struck from gold, platinum and rose gold, has a coloured diamond from Rio's Argyle mine.
43-day strike at world's largest copper mine cost BHP around $1 billion in lost revenue.
Steelmaking material dropped to $57.02 a tonne, marking a fresh seven-month low, as large stockpiles continue to weigh on the market.
Ore with 62% content in Qingdao lost $2.33 a tonne to close at $57.91, data from the Metal Bulletin shows, hitting a seven-month low and marking the commodity third consecutive weekly fall.
Company wants to become Australia’s largest independent coal producer.
The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.
The change will apply to more than 5,500 Australian suppliers under $1 million of expenditure.
Vancouver-based company's Mongolian copper and gold mine expected to be the world's third largest after underground expansion.
Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.
BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and evidence of Chinese demand cooling earlier than expected.
Market rumours point at South32 as the most likely buyer, since the miner decided last month to ditch its $200 million acquisition of Peabody Energy’s coal mine in New South Wales.
Here are the top 10 diamond mines in terms of output in carats and value.
And why the worst may be over already.
It’s been a bad week for iron ore, with all indices steeply lower on Friday for a second consecutive day.
In Asia, trading was halted after prices sank 7.3%, which is the maximum a day allowed by Chinese regulators.
An autonomous region of Papua New Guinea has lifted a ban on mining that has been in place since 1971 - but it will not allow the restart of the controversial Panguna copper mine which has been the source of deadly internal strife.
BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and expectations for a surplus.
Production for the first three months of the year slumped 37% compared with the same period of 2016.
Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.