Glencore (GLEN.L) is one of a handful of parties eyeing a potential bid for Viterra (VT.TO), Canada's largest grain handler, as the diversified trading house looks to boost its agricultural presence, a Swiss-based industry source said on Monday.
Indonesia will take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment in the world's top exporter of thermal coal and tin.
Mozambique's Prime Minister Aires Aly said in Tokyo on Thursday his nation plans to start construction of a coal terminal at the northern port of Nacala in the next few months, aiming for it to be operational in two to three years.
Pakistan's Reko Diq, an untapped copper and gold mine of fabulous potential, was meant to be the biggest foreign investment in the country's mining sector, but it's beginning to look more like fool's gold to the companies involved.
Excess capacity in aluminium smelting will drag on for years to come, even while losses weigh on producers, as political pressures in China and Russia to keep jobs and push self-sufficiency prevent or delay plant closures.
The country's sprawling steel sector, which has cut 150 million tonnes of steel production over the past three years, was "far from achieving its tasks" amid Beijing's supply-side reforms, the association reports.