April 2, 2018

Kazakhstan and Mongolia meeting highlights uranium mining cooperation

The two countries on 30 March signed a Memorandum of Understanding focusing on geology and development of mineral resources and civil aviation.

April 2, 2018

Coal India’s production, shipments rise to a record in March

Production growth to slow down in coming months, analyst says.

April 2, 2018

Mongolia arrests ex-minister in Swiss graft probe — govt

A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine…

April 1, 2018

Vedanta wins bid to buy bankrupt Electrosteel Steels

The transaction, financial details of which were not disclosed, is part of India's new bankruptcy law.

April 1, 2018

Indonesia coal miner Bumi posts record profit, sees 10 pct output rise

Bumi expects coal prices to increase by 5 percent this year over last year's level of $58 per tonne.

March 30, 2018

China steel, coking coal jump on Handan curbs, short covering

Shanghai rebar surges 4.4 pct after Handan steel, coking cuts.

March 29, 2018

Britain’s Vedanta hit by up to $600 mln charge for Goa iron ore unit closure

The latest ban would affect not only Vedanta but also several small unlisted companies run by local families.

March 29, 2018

Miners ask Congo to introduce sliding royalty scale

The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.

March 28, 2018

Metso increases production capacity in India to meet the market demand for aggregates equipment

Metso is addressing the growing demand for crushing and screening plants in the Indian market by expanding its production capabilities in Alwar. This latest investment increases Metso's crushing and screening…

March 28, 2018

Japan’s JXTG raises profit forecast despite $1.2bn charge

The Japanese energy and metals company said the impairment loss at its Caserones copper mine in Chile was due to higher production costs.