ArcelorMittal to make $1B creditor payment to bid for Essar Steel

The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and KSS Petron.

Reuters | October 17, 2018 | 9:23 am

Indonesia targets closure of Freeport deal in December — official

State-owned miner Inalum said the $3.85 billion deal is still subject to the issue of environmental recommendations and a special mining permit (IUPK) by the Indonesian government.

Reuters | October 17, 2018 | 5:00 am

BHP’s 1st quarter iron ore output jumps 8%, cuts copper guidance

BHP's iron ore output rose to 69 million tonnes during the three months ended Sept. 30.

Reuters | October 16, 2018 | 4:32 pm

Vale sees possible Samarco restart in 2020, BHP uncertain on date

Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020.

Reuters | October 16, 2018 | 3:49 pm

Hungary boosts gold reserves 10-fold, citing safety concerns

Hungary’s central bank increased its gold reserves 10-fold, citing the need to improve its holdings’ safety, joining regional peers with relatively high ownership in the European Union’s east.

Reuters | October 16, 2018 | 1:24 pm

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

Reuters | October 16, 2018 | 12:53 pm

Second activist targets Detour; seeks board changes

US hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.

Reuters | October 16, 2018 | 11:58 am

United States seeking Mexican steel export quotas – negotiator

The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs.

Reuters | October 16, 2018 | 9:40 am

Global steel body hikes demand forecasts, but says risks remain

Steel demand expected to rise by 3.9% in 2018, but trade tensions are clouding global economic outlook.

Reuters | October 16, 2018 | 9:21 am

Rio Tinto Says Q3 production falls on planned maintenance and safety pauses

Iron shipments fell about 5 percent, hurt by planned maintenance and safety pauses across all operations following a fatality.

Reuters | October 15, 2018 | 3:26 pm

BHP raises stake in promising Ecuador copper project

BHP has agreed to pay 45 pence per SolGold share.

Reuters | October 15, 2018 | 3:14 pm

Anglo Asian’s Azerbaijan gold output rises 47% in Q3

Azerbaijan's leading gold mining firm said it produced 21,318 ounces of the metal in the last quarter, against 14,468 ounces in the same period of last year.

Reuters | October 15, 2018 | 12:53 pm

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