Indonesia aims to issue around late next month a regulation governing selling prices of nickel ore, a Ministry of Energy and Mineral Resources official said on Friday, following complaints by miners.
The rules are aimed at preventing local smelting co…
Indonesia to issue rules on nickel ore price around late March Read More »
Billionaire Andrew Forrest raised his stake in Fortescue Metals Group, snapping up a further A$242.9-million in the Australian iron ore miner he founded, and praised the group’s environmental credentials.
Forrest, who is also Fortescue’s chairman and …
Fortescue’s billionaire owner Forrest ups stake, lauds green efforts Read More »
Prices of steel products and raw materials on China’s futures markets tumbled on Friday, with iron-ore dropping nearly 5% as the fast-spreading coronavirus fuelled fears of a global recession, darkening the demand outlook for ferrous metals.
China, wh…
China ferrous metals’ sell-off intensifies amid pandemic, recession fears Read More »
Brazilian mining company Vale said on Thursday it has begun preparations for a potential fuel leak from the damaged iron-ore carrier MV Stellar Banner, which is stranded off the Brazilian northern coast.
Vale said in a statement it requested that oil …
Vale preparing for potential fuel leak from damaged ore carrier Read More »
Canada’s excessively long regulatory process led to cancellation of Teck Resources’ Frontier oil sands project, the CEO of rival Husky Energy said on Thursday.
Teck on Sunday canceled the C$20.6-billion proposal, saying it was stuck in an unresolved C…
Husky Energy blames long Canada regulatory process for canceled Teck oil project Read More »
Aurubis, Europe’s biggest copper smelter, will boost its expansion into the production of metals other than copper, its new chief executive officer said on Thursday.
"We will undertake over-proportional expansion metals which are not copper," …
Aurubis to intensify expansion in non-copper metals – CEO Read More »
Nigeria’s government has licensed two gold refineries to produce the metal for export and for the central bank to hold in its reserves, the mines minister said on Wednesday. Minister of Mines and Steel Development Olamilekan Adegbite told reporters in …
Nigeria’s government licenses two gold refineries – mines minister Read More »
The first cargo of bauxite shipped from Aluminum Corp of China’s Boffa mine, in Guinea, has arrived in China, a spokesperson for the company, which is also known as Chalco, said on Thursday. The 55 000 t cargo arrived at the port of Rizhao in eastern C…
First bauxite cargo from Chalco’s Guinea mine arrives in China Read More »
Brazilian miner Vale said on Wednesday the bow of the iron ore ship "MV Stellar Banner" was damaged after leaving a port in the northern Brazilian state of Maranhao on Monday.
Vale said in a statement that the ship, which is 100 km off the Bra…
Vale says iron-ore ship was damaged Read More »
Barrick Gold, the operator of Congo’s biggest gold mine, has issued a cease and desist notice to junior miner AJN Resources as it moves to block its acquisition of a 10% stake in the project, which it says the deal undervalues.
Barrick and AngloGold A…
Barrick issues cease and desist notice to AJN over Kibali stake purchase Read More »
