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Mercator Resumes Coal Operations in Indonesia
January 18, 2018
Mercator Ltd announced that restarting of the coal operations at its mining site in Indonesia. The operations were disturbed for a large part of the third quarter due to change in the management team. The company said that “The new
Essar Steel Receives Consent to Establish Ghoraburhani-Sagasahi Iron Ore Mine Block, Odisha
January 18, 2018
Business Standard reported that Essar Steel has got the ‘Consent to Establish’ from the State Pollution Control Board here for its Ghoraburhani-Sagasahi iron ore block. It was the first iron ore mine to be auctioned in the country. Essar Steel
Chinese Import Boom Set to Continue in 2018
January 18, 2018
Global Times reported that Chinese importers are optimistic about the prospects for 2018, following the strong growth seen in 2017. Mr. Shi Xinyu general manager of Yiwu Ziguang Trade Co in Yiwu, East China’s Zhejiang Province, told the Global Times
AES to Sell Its Equity Interest in Coal-fired Plants for $1.05 Billion, Philippines
January 17, 2018
The AES Corporation has entered into an agreement to sell its entire 51 percent equity interest in Masin-AES Pte. Ltd., a subsidiary of AES that owns AES’ business interests in the Philippines, to SMC Global Power Holdings Corp. for $1.05
Peru Exploring Potential for $2.4 Billion Mineral Railway for Increased Copper Production
January 16, 2018
Mining Global reported that world’s second biggest copper producer looks set to build a multibillion dollar railway, as it anticipates a huge surge in copper production in the coming years. The government of Peruvian President Mr. Pedro Pablo Kuczynski told
BMW and Codelco Set Up Responsible Copper Initiative
January 16, 2018
BMW Blog reported that with the increased demand in the electrified car sector, carmakers need to make sure that the materials used in the manufacturing process are responsibly attained, without harming the environment even further. BMW is once again at
Uzbek President Mirziyoyev Approves Construction of Mining and Metallurgical Complex at Tebinbulak
January 15, 2018
Uzbek President Shavkat Mirziyoyev has approved the plan of measures in connection with the construction of a mining and metallurgical complex based on the Tebinbulak deposit. The new complex will be built by 2024. Its capacity will be up to
Rio Tinto Said to Drop Chase for $5 Billion Lithium Stake Soc. Quimica & Minera de Chile
January 15, 2018
Rio Tinto Group has dropped out of the bidding for a stake in Soc. Quimica & Minera de Chile SA, one of the world’s top lithium producers, as it pursues other ways to capitalize on the electric-car boom, people familiar
Coal India Sees Challenging Times Ahead with Significant Competition Coming
January 15, 2018
Coal India Ltd, which is struggling to meet coal production targets, foresees significant competition coming in from the private sector in the future, a top official of the company has said. “More challenging times are ahead. Soon, mines for commercial
Australia’s Gladstone Port Coal Export Ends With Robust Exports for 2017, Queensland
January 15, 2018
Platts reported that exports of coal from the Port of Gladstone in Queensland, Australia, ended 2017 on a high, registering the strongest monthly exports for the year in December, Gladstone Ports Corporation data showed. It shipped 6.31 million mt of
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