South Korea Mining News

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.

South Korea’s biggest supplier of dolomite answered the growing demand by improving uptime

Sambo Mining is the main supplier of dolomite in South Korea, selling the product to the Asian steelmakers. In 2017, the production of -30mm end-product grew close to 100,000 tonnes to total of 800,000 tonnes a year. Of this, 200,00 tonnes of premium light-burnt dolomite (LBD) was produced for POSCO, one the largest steelmaking companies of the world, in addition to same amount of regular dolomite. To meet the high demand, Sambo Mining has invested heavily in developing both its dolomite mine and subsidiary’s Kwang Jin’s limestone quarry with Metso solutions

S.Korea court approves seizure of some of Nippon Steel's assets

A request was made by plaintiffs in a wartime forced labour case to seize part of the local assets.

S.Koreans seek Nippon Steel asset seizure in 'forced labour' case

The application for the asset seizure, if approved by the court, could further strain South Korea's already frosty bilateral relations with Japan.

Australia's Kidman Resources, LG Chem ink lithium hydroxide deal

Kidman will supply 12,000 tonnes of lithium hydroxide a year to the diversified chemicals company for 10 years.

POSCO posts highest quarterly profit since 2011 on strong steel prices

POSCO's revenue in Q3 rose 9.1% from a year earlier to 16.4 trillion won, beating the analysts' estimate of 16 trillion won.

Trump allows targeted relief on steel, aluminum quotas -Commerce Department

South Korea, Brazil and Argentina will benefit from the measure.

China’s electric car appetite spawns 77-year-old billionaire

Huh Chin-kyu has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils.

S.Korean steelmaker POSCO names head of Posco Chemtech as candidate for next leader

POSCO was privatised in 2000, but chief executives have previously been replaced when a new administration takes office.

Japan launches WTO complaint over S.Korea steel duties

Japan has launched a complaint at the World Trade Organization to challenge South Korean anti-dumping duties on Japanese stainless steel bars.

'Urban mining' in S.Korea pulls rare battery materials from recycled tech

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.

Korea's LG Chem to set up battery material JVs with China's Zhejiang Huayou Cobalt

LG Chem to raise $224.8 mln by 2020 to set up two JVs.

South Korea on verge of trade deal -Trump

Trump said the agreement "would be a wonderful deal with a wonderful ally."

Samsung is said in talks for multi-year cobalt deal from Congo

Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine in Congo after only buying copper from the company for the past four years.

South Korea's POSCO buys stake in Aussie lithium producer, signs supply deal

South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.

Australian Mines signs off-take deal with Korea's SK Innovation

Australian Mines said the agreement included an option for SK Innovation to buy up to 19.9% of its ordinary shares.

This Aussie miner is about to break into South Korea lithium sector

Pilbara Minerals has announced a potential joint venture with two South Korean companies to develop a lithium processing facility in the Asian country.

S. Korea's SK Innovation starts production of batteries with more nickel

South Korea’s SK Innovation said on Thursday it has started commercial production of lithium-ion batteries with an increased portion of nickel, while reducing the usage of expensive components such as cobalt to extend battery life and cut costs.

How gold came to South Korea’s rescue

Nineteen years ago, South Korea came precipitously close to bankruptcy.

South Korea's rise to lithium prominence

The nation now accounts for 10% of global lithium demand and is the fourth largest global market.

India to ship 16.5 million tonnes of iron ore to Japan, South Korea

The government approved the renewal of agreement for supplying up to 16.5 million tonnes (MT) of high grade iron ore to steel plants in Japan and South Korea over three years till March 2018.

Gold price to double by 2030 thanks to Asia: report

ANZ predicts that as incomes rise across Asia, particularly in China and India, so will the appetite for gold rings and necklaces.

Coal exporters not backing down despite glut; could China enter the market too?

No signs of production slowdown in major coal-exporting countries.

Fortescue Metals looks to expand markets beyond China

Worries over an economic slowdown in the world's largest iron ore importer have contributed to the 21% drop of iron ore prices so far this year.