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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
Greece Slaps $2.6 Million Environmental Fine Fine on Eldorado Gold
January 15, 2018
Greece’s Environment Ministry has appealed a court decision annulling a 1.7-million-euro ($2.06 million) fine it had slapped on mining firm Eldorado Gold. In a statement Friday, the ministry said the Athens court ruling did not dispute the findings of an
Rio Tinto Receives $500 Million Binding Offer for Aluminium Dunkerque, France
January 12, 2018
Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto’s Aluminium Dunkerque smelter in northern France for $500 million, subject to final adjustments. In accordance with French law, Rio Tinto will launch a consultation process with
Singareni Collieries Makes Major Investment to Open 12 New Coal Mines, India
January 11, 2018
Economic Times reported that Singareni Collieries Company Ltd will be investing about INR 10,000 crore during the next five years on expansion programs with a target to achieve INR 34,000-crore revenues by then, said a top official. Mr. N Sridhar,
India Forms Task Force to Study Feasibility of Making Methanol from Coal
January 11, 2018
Economic Times reported that government has constituted a task force to study the feasibility of producing methanol from coal, and using coal gas as a replacement of natural gas in steel production. The development assumes significance as the country is
Zambia ZMDC Set to Start Mining Its Lithium Deposits in Bikita, Zimbabwe
January 11, 2018
The Zimbabwe Daily reported that Zimbabwe Mining Development Corporation will soon start mining its lithium deposits in Bikita, on the back of firming demand for the mineral on the global markets. This comes as Zimbabwe is experiencing a scramble for
Chilean Copper Exports in 2017 Reach Highest Level in Last Three Years
January 11, 2018
Press Letina reported that price of Chilean copper exports in 2017 reached its highest level in the last three years. According to the estimates of the issuing entity, shipments of the metal rose 21.2 percent to a total of 34,043
Thermal Coal in Asia Trading at Highest Since November 2016
January 11, 2018
Financial Times reported that thermal coal in Asia is trading at its highest level since November 2016, supported by the strength of the global economy. Burnt in power stations to generate electricity, thermal coal is the fuel that powers Asia’s
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