July 30, 2018

Caterpillar says tariffs will wipe out up to $200M

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.

July 29, 2018

India’s state-owned miner to start digging for local gold

Chigargunta-Bisanatham will be an underground mine and it would mark the first time the NMDC develops this type of operation.

July 27, 2018

Indian billionaire Anil Agarwal’s moves on Anglo

Billionaire Anil Agarwal in July said he planned to offer around $1 billion to take London-listed Vedanta Resources Plc private, a move that has rekindled speculation his ultimate aim is…

July 26, 2018

Peruvian mining society says approval of Quellaveco project marks a new era for the country

The president of Peru’s National Society of Mining, Petroleum, and Energy said the project will create 9,000 jobs during its construction phase and additional 2,500 once it goes into production.

July 25, 2018

Japan aluminium industry worried about U.S. automobile import tariffs

U.S. tariffs on auto may hugely impact on Japanese industries.

July 25, 2018

Tianqi goes ahead with $382-million Greenbushes lithium mine expansion

The expansion, on top of a $238 million upgrade due for completion in April, will double the mine’s production to 1.95 million tonnes a year of lithium concentrate a year…

July 24, 2018

India’s Adani sees six-fold rise in coal mining volume despite challenges in Australia

Adani is looking to buy mines in countries such as Indonesia and is securing financing for its Carmichael mine in Australia amid challenges from environmental groups concerned about climate change…

July 23, 2018

Ground water in Vedanta’s Indian smelter contains heavy metals

The smelter was shut down in May after 13 people died after coming under police fire during violent protests over alleged pollution.

July 19, 2018

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

July 18, 2018

Wreck of Russian warship carrying $130bn in gold found off South Korea

The Dmitrii Donskoi is believed to have sunk in a naval battle 113 years ago, carrying the treasury of the entire flotilla, which would have included port expenses, as well…