South Korea Mining News

Korea to kick off physical gold trading in March

The Korea Exchange will use 1 gram units of bullion of 99.99 percent purity to spur liquidity and delivery will be in 1 kilogram bars.

Samsung investing in rare earth alternatives

Unveiling the plans last week, Samsung said it would invest in seven areas of research into new materials.

US coal exports set monthly record in March

Thanks to increased Asian demand for the commodity.

Russia plans to export more coal to southeast Asia and beyond

A new port plus an expansion at an existing port will meet growing demand.

Uranium hits seven-year low

Uranium drops to 7-year-low while nuclear reactor in South Korea starts buzzing again.

S. Korea halts nuclear reactors over fake documents

The country’s nuclear power industry has been troubled by a series of mandatory shutdowns, corruption scandals and mechanical failures in recent years.

Two-thirds of graphene patents held by just three countries

A "scatter gun approach" to patent filing.

Construction of $9bn Roy Hill iron ore mine kicks off, no $2-a-day workers needed

The biggest Australian iron ore mine to emerge in decades would not employ any of the 1,700 foreign construction workers it had been allowed to import.

Nuclear industry's liability limits must be lifted: Greenpeace

India, Russia and South Korea are doing it right.

Half of Iran's post-sanction oil exports headed for China

Four leading Asian economies currently account for almost of Iran's exports of oil

South Korea turns to Japan to reduce rare earth reliance on China

Imports of rare earth minerals from China plunged in 2012, while Japan-sourced supplies more than tripled

Koreans prospect for uranium in South Australia

Daewoo, LG and Korean government team up with Cauldron Energy on Marree Uranium project

ArcelorMittal selling $1.1-billion stake in Canadian iron ore business to Asians

The consortium includes South Korean steelmaker POSCO and Taiwan-listed China Steel.

Molycorp becomes takeover target as market capitalization sinks below net assets

Molycorp share prices sink to record lows following many difficulties last year, leaving the American rare earth producer a highly appealing takeover target

Polymetal hopes to sell precious metal concentrates to Japan, Korea

Polymetal International has made several trial shipments of precious metals concentrates to Japan and South Korea and is planning talks on further supplies, Polymetal's CEO Vitaly Nesis said in an interview.

Frontier Rare Earths jumps 10% on Korea talks

Frontier is advancing the Zandkopsdrift rare earth project in South Africa and in December sold 10% of the venture to Kores for $23.8 million. The South Korean state-owned company now wants to ink a more comprehensive deal.

Canadian Nordion loses three year dispute with Atomic Energy

Shares of nuclear medicine company Nordion dove close to 40%, down $3.93 at $6.53 in Toronto on Monday.

Woulfe Mining is raising $20 million to reopen South Korean tungsten mine

Woulfe Mining (TSX-V) is raising $20 million to reopen one of the world's largest tungsten resources. The company announced on Wednesday that it will offer a convertible unsecured senior debentures at a price of $1,000 per […]

South Korea's LG bids for Queensland coal mine

South Korean company LG International has bid for Peabody Energy's Wilkie Creek coal mine in Queensland, reports The Australian, citing an unnamed source who spoke to Deal Journal Australia.

S Korea to pursue energy and infrastructure projects worth USD 11.1 billion in Venezuela

Yonhap reported that South Korea will pursue 5 energy and infrastructure development projects in Venezuela worth USD 11.1 billion that could open new business opportunities for local companies in the South American country.

South Korean companies want to establish 6,000 MW coal power plants in Turkey

Today Energy minister Taner Yildiz said that South Korean companies were interested in establishing 5,000-6,000 MW coal-fired power plants in Turkey.

Canadian Nordion accused of frustrating efforts to wean the world off nuclear weapons-grade uranium

Canadian health products provider Nordion was the target of criticism at a major nuclear security summit in South Korea due to the company’s deal with Russia that entitles it to sell medical isotopes made with weapons-grade uranium for the next eight years.

Riding the graphite bull

Chris Berry, founder of Mountain Partners asset management company, provided an interesting summary of the graphite space while speaking at the recent Graphite Express Conference in Vancouver.

World's largest coal company muscling in on world's largest metallurgical deposit

"Shenhua is the most competitive bidder for the project given its technology, transport infrastructure, access to the Chinese market and the backing of the Chinese government," Shenhua CEO Ling Wen told reporters.

Australia, Canada, Chile, Brazil and Mexico the top five mining projects’ destinations

In its annual ranking of countries in terms of political risks for mining investment, the mineral industry advisory firm Behre Dolbear, has ranked Australia, Canada, Chile, Brazil and Mexico as the top five nations in which to locate mining projects.