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Rio Tinto’s Salisbury Warns WA’s Iron Ore Industry is Facing Growing Competition from Brazil
March 13, 2018
Rio Tinto iron ore boss Chris Salisbury has warned WA’s iron ore industry is facing growing competition from Brazil as a flight to quality by Chinese steelmakers delivers big premiums for the South American country’s higher-grade ore. Speaking at a
Yancoal Australia Acquires Stake in Warkworth Joint Venture for $230 Million
March 12, 2018
Yancoal Australia Ltd has completed the 28.89 percent acquisition of a stake in the Warkworth joint venture for US$230 million. This boosts the China-backed Yancoal’s position in the Hunter Valley coal mining region of New South Wales. The acquisition of
Congolese President Kabila Signs Mining Law Expected to Increase Royalties
March 12, 2018
Congolese President Joseph Kabila has signed a mining law that is expected to increase the country’s royalties despite opposition from major mining companies. Kabila announced the signing on Friday, two days after he met with mining company representatives for at
Indonesian President Signs New Rule on Domestic Coal Pricing
March 12, 2018
Reuters reported that Indonesian President Joko Widodo has signed a government regulation authorizing the energy and mineral resources minister to set the price of coal for the domestic market. Coal and Minerals Director-General Bambang Gatot told parliament “Further details on
JFE and Nippon Steel to Spend Billions to Modernize Plants in Japan
March 12, 2018
Japan’s two biggest steelmakers expect to spend more than $20 billion in the next three years to revamp plants, expand production of high-quality metal for electric vehicles and boost operational efficiency to fend off rivals such as ArcelorMittal, Posco and
Delegation in Goa Meets With Gov. Sinha to Save State’s Iron Ore Mining Industry, India
March 12, 2018
An all-party delegation in Goa met state Governor Mridula Sinha on Wednesday and sought her intervention to save the state’s iron ore mining industry, which is staring at a crisis in the wake of a recent Supreme Court order. Maharashtrawadi
Adani Optimistic to Get Key Funding for Carmichael Coal Mine, Australia
March 8, 2018
Echo Net reported that Adani has taken Bill Shorten’s latest stance on its Queensland coal mine as good news and says it remains optimistic it can find the money needed to get the AUD 16.5 billion project underway. The federal
Odisha Readies to Action Off Five More Mineral Blocks by April, India
March 8, 2018
Business Standard reported that Odisha government is readying to start the auction of five more mineral blocks by April. It has identified two iron ore and three limestone blocks to go under the hammer. Notice Inviting Tender has already been
Rio Tinto Says SEC Fraud Charges are Plainly Wrong
March 8, 2018
Reuters reported that Rio Tinto Plc and two former top executives said civil fraud charges brought by the US Securities and Exchange Commission over a failed African coal project are “plainly wrong” and should be thrown out. In a court
Finnish Mining Company Ahtium Files for Bankruptcy
March 8, 2018
Finnish mining company Ahtium, formerly known as Talvivaara, announced that it was filing for bankruptcy, after failing to secure financing for its business projects. Mr Tapani Jarvinen chairman of the board of Ahtium said in a press release issued that
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