TEX reported that the Climax open cut mining mine, which has been located in Colorado State of the USA with annual capacity of 30 million pounds of Mo and has been evaluated as a large sized molybdenum mine since 1976, is expected to launch molybdenum

According to data of Korea Iron and Steel Association, South Korea produced 638,957 tonnes of stainless steel sheets in the first half of 2011, up by 4.2% YoY in comparison of that in the same period of last year.

Ausdrill said that it is set to win a three year, USD 75 million contract with Fortescue Metals Group covering its Solomon iron ore project in the Pilbara.

Genscape said that US coal consumption was off 3% in the past week, as widespread easing of summer heat and fuel-switching by power providers cut coal demand.

According to the statistics released by the Taiwan ministry of finance, Taiwan's iron and steel exports value in July this year amounted to USD 1.76 billion, increasing by 12.2% compared to June and up 31% compared to the same month of 2010, while its metal product exports value totaled USD 1 billion, up 14.75% compared to the previous month and up 21.4% compared to the same month of 2010.

The Public Accounts Committee constituted by the Goa State Legislative Assembly has collected data, which confirms that large quantity of ore was tapped by firms without proper mining permissions in the state's forest rich rural talukas.

Interfax reported that UC Rusal plans to export 240,000 tonnes of primary foundry alloys in 2011 for the automotive industry. Those exports about to roughly 24% of Rusal total expected alloy exports this year.

The mine operated and controlled by BHP Billiton Limited said that the 15 day illegal strike at the Escondida copper mine in Chile didn't have a relevant impact. As Escondida produces roughly 1.09 million tonnes of copper a year, press reports estimated

Kenyan government will in October issue London listed Goldplat a lease to exploit the large gold deposits at Kilimapesa gold site in Narok County. An official at Kenya's ministry of mines said that Goldplat will be given a mining lease after completion

Bloomberg reported that United Company Rusal in talks with the government of Guinea on terms to develop the Dian Dian bauxite deposit. Mr Vladislav Soloviev first deputy CEO of Moscow based Rusal said that the African nation's government plans to

RUSAL ALSCON, the Nigerian subsidiary of United Company RUSAL announced the completion of 7 water projects to complement the existing three projects that provide potable water for over 10,000 people in Ikot Abasi LGA where the plant is located.

Brent crude rose USD 3 after the US Federal Reserve's promise to extend near zero interest rates for 2 more years weighed on the dollar and helped reverse a steep slump in oil.