Surplus predicted for nickel in 2011 – Sumitomo
A number of analysts are now predicting a nickel surplus this year as Chinese stainless steel growth slows and new nickel mine projects come on stream.
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South Korea’s POSCO reluctant to pass rising steel costs to buyers
The chief executive of POSCO, the world's No.3 steelmaker, said it would be difficult to raise steel prices enough to cover rising raw materials costs stemming from flooding in Australia, which has affected coal mines, rail links and ports.
Cliffs to Buy Consolidated Thompson for $5 Billion
Cliffs Natural Resources said on Jan. 11 that it had agreed to buy Consolidated Thompson Iron Mines for nearly $5 billion in […]
Copper drops as mystery buyer keeps cover
The Sydney Morning Herald is reporting a drop in copper on the LME for the fifth straight session, after reaching a record […]
Chinese Experts to Study High-Tech Solutions for Coal Mine Safety in 12-Month Pilot at NYU-Poly
Kansas City Business Journal reports: With China’s accelerating economy heavily dependent on coal, mine safety has emerged as a national priority. Moving to […]
Merged Duke-Progress seeks strategy beyond coal
Reuters India reports: Duke Energy’s $13.7 billion deal to buy Progress Energy may allow the combined company to make better use of its […]
Grande Cache Coal lowers production guidance for current financial year
Grande Cache Coal Corp. (TSX:GCE) lowered production guidance for its current financial year and raised its expected cost per tonne, the Estevan […]
Aluminum to bloom after Q4 profit for Alcoa
Alcoa’s operating earning beats Wall Street estimates as revenue rises 4% to $5.7bln. CEO predicts more aluminum growth this year.
HudBay to pay C$397.5M for Norsemont
The cash and stock deal will provide the Canadian miner with access to a major copper deposit in Peru BANGALORE (Reuters) - Canada's HudBay Minerals Inc (HBM.TO: Quote) agreed to buy Norsemont Mining Inc (NOM.TO: Quote) to gain access to a major copper
