The first shipment of iron ore from African Minerals' Ltd Tonkolili mine in Sierra Leone has left for China, the West African state's deputy minister for natural resources said on Friday. African Minerals started mining late last year and had since been stockpiling the ore. It expects to export about 1.2 million tonnes of iron ore during the current fourth quarter.
Gloucester Coal Ltd. more than doubled production on the year in the September quarter to 934,000 metric tons, the company said. Gloucester, which operates mines in the Hunter region of New South Wales state and has a stake in the Middlemount mine in...
China's coke output this year is projected to exceed 400 million tonnes, said Mr. Huang Jingan, President of China Coking Industry Association at a summit forum about the country's coking coal supply and demand situation on October 22. Statisti...
Rio Tinto Ltd. (RIO) Chief Executive Tom Albanese said the company is keen to increase its exposure to mining in Africa, flagging more potential investment in the continent. "I've long had the belief that Rio Tinto is under-invested in Africa,...
China's copper smelters are slowing their rate of refined copper production as supplies of raw material concentrate and scrap fall, smelter sources said.
Gold gained to a three-week high in London as concern about Europe’s debt crisis spurred demand for a protection of wealth and as commodities advanced. Group of 20 finance ministers and central banks concluded weekend talks in Paris endorsing parts o...
Noticing irregularities in coking coal purchases, the Steel Ministry has set up a committee to look into the rationale behind PSUs buying more of the commodity when it is expensive, and less of it when cheaper. Almost convinced that there is...
During China’s Golden Week, the coal stocks in China’s Qin Huang Dao (QHD) port plunged to a two year low of 3.97 million tonnes, a 46% slash from 7.3 million tonnes in early September.
Brazil's iron ore export value in August this year rose by 25 percent compared to the same month last year, increasing to $4.5 billion, according to the information released by the Brazilian Ministry of Development, Industry and Foreign Trade.
Commodity prices may advance 20 percent over the next year as growth in emerging markets offsets the impact of the sovereign-debt crisis in Europe and a slowdown in developed economies, according to Goldman Sachs Group Inc.
Miner Vale will take delivery of another 400,000 DWT VLOC next month, its third after the ‘Vale Brasil’ and ‘Vale Rio de Janeiro.’ Surprisingly, the first of Vale’s mega-bulkers to be named for a foreign trading partner does not carry the name
