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.

March 27, 2018

Nickel market eyes Philippines as mine review delayed yet again

The review by the Mining Industry Coordinating Council is now set to take six months instead of three, according to the Department of Finance.

March 27, 2018

Rio Tinto fully out of coal sector with $2.25bn Kestrel mine sale

Company has agreed to sell its 80% stake in the Kestrel mine to a consortium comprising of private equity manager EMR Capital and Indonesian coal company Adaro Energy.

March 27, 2018

Vedanta shuts protests-ridden copper smelter in India for 15 days

The maintenance activity, originally scheduled for April, comes amid media reports that thousands had taken to the streets and shut shops in Thootukudi to protest against the expansion of the…

March 26, 2018

Fortescue cuts iron ore price outlook as Chinese production slowdown, trade tensions weigh

The company amended its guidance to around 65 per cent of the average benchmark Platts 62 CFR index.