China’s economy showed “unmistakable” signs of recovery in the first quarter, with company profits, investment and hiring improving, but policymakers may be relying too much on extraordinary levels of credit, a private survey...
Read moreChina added 194 million tonnes of coal mining capacity in 2018, data from the energy bureau showed on Tuesday, despite vows to eliminate excess capacity in the sector and to reduce fossil fuel consumption. Total coal mining capacity in the...
Read moreRussia’s RDIF sovereign wealth fund said on Thursday it had completed a joint deal with the Russia-China Investment fund and a Middle Eastern sovereign wealth fund to acquire a 9.53 stake in Russian mining company Intergeo. Intergeo, a part...
Read moreToronto, March 6, 2019 – The Prospectors & Developers Association of Canada (PDAC) hosted 25,843 attendees from more than 130 countries at PDAC 2019—the world’s premier annual mineral exploration and mining convention. PDAC was pleased to...
Read moreIron ore prices reached an almost two-year high on Tuesday, following January’s fatal tailings dam breach in Brazil at Vale’s Córrego do Feijão mine. Iron ore was at $86.65/dry ton on Feb. 4, up 14% since the dam breach and the highest since...
Read moreIt was encouraging for miners when Simon Moores, managing director, Benchmark Mineral Intelligence, testified before the U.S. Senate Committee on Energy and Natural Resources on Tuesday. Moores was summoned by the Senate Committee to testify on...
Read moreCarmakers may have to consider investing directly in cobalt mines to secure supply over the next three to five years, as demand for the metal used in rechargeable batteries is set to increase exponentially, Ford Motor Co. senior manager for...
Read moreA study by Wood Mackenzie forecasts that global lead production, excluding that of China, will increase in 2019 by about 250 kt, which is equivalent to over 10% of current output. According to the market analyst, approximately 90 kt are due to...
Read moreAfter years on the sidelines, gold producers are suddenly the mining world’s hottest topic as the industry gathers in Cape Town this week. For more than half a decade, gold miners have been stuck in the doldrums, shunned by investors following a...
Read moreNew steel and alumina contracts have the best chance of succeeding as the London Metal Exchange (LME) unleashes 10 new products early next year in an attempt to compete more effectively with rival exchanges, industry sources said. The new...
Read moreEven though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances. The world’s second largest economy halted purchases of U.S. crude in August for the first time since September 2016, according to U.S...
Read moreIt seems hedge funds are jumping on the $100 crude bandwagon. As speculation increases that global oil prices could again trade that high, money managers are piling on bullish wagers, while short-selling shrinks. They are the most optimistic on a...
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