World’s largest coal miner looking to buy metal mines abroad

Coal India Ltd, the world’s largest coal miner, has held internal talks to discuss buying metal mines abroad amid faltering revenues and rising employee costs, potentially signaling a strategy shift to cut reliance on the fossil fuel.

Reuters | October 1, 2017 | 3:28 pm

Metal prices to lift Polish KGHM’s Q3 results – CEO

KGHM Polska Miedz SA expects its third quarter results to be boosted by favourable metal prices and currency exchange rates.

Reuters | September 29, 2017 | 11:06 am

Freeport at loggerheads with Indonesia over divestment-letter

The world's second-largest publicly traded copper company has issues with the proposed divestment plan, including valuation, timing and structure.

Reuters | September 29, 2017 | 10:46 am

China iron ore makes biggest monthly drop since May 2016 as demand concerns rise

The Dalian Commodity Exchange's most-traded iron ore contract, for January delivery, closed down 0.98 percent at 454.5 yuan ($68.45) per tonne.

Reuters | September 29, 2017 | 3:00 am

World’s largest coal miner looking to buy metal mines abroad

Coal India's plan to diversify into mining metals such as copper and nickel with no prior experience is being seen by analysts as a long-term strategy to firm up revenues, with no immediate results in sight.

Reuters | September 29, 2017 | 2:00 am

Chile’s Colbun awarded contract to build Latin America’s largest wind farm

The contract includes 8,000 hectares of federal lands in the northern region of Antofagasta, and will require an investment of nearly $1 billion.

Reuters | September 28, 2017 | 1:03 pm

Freeport can seek extension for Grasberg permit talks -minister

Indonesia’s mining minister said on Thursday that Freeport McMoRan Inc could request an extension of six months to renegotiate rights to Grasberg.

Reuters | September 28, 2017 | 12:53 pm

Chile sees no obstacle to Albemarle request to hike lithium output cap

Albemarle said it could invest $1-billion in Chile over the next 5 years if request to the government to let it extract 125,000 tonnes per year is approved.

Reuters | September 28, 2017 | 2:14 am

HKEX plans to launch iron ore futures in November

Hong Kong stock exchange plans to launch a U.S. dollar-denominated, cash-settled iron ore futures contract in Hong Kong to compete with U.S. & Asian rivals.

Reuters | September 27, 2017 | 10:44 am

China-backed Yancoal Australia exercises option to up stake in coal mine

The agreement brings Yancoal’s stake in the Warkworth project to about 85 percent.

Reuters | September 27, 2017 | 10:32 am

Indonesia’s Freeport victory sets tone for foreign miners

After months of negotiating with U.S. giant Freeport-McMoRan Inc, minister Ignasius Jonan secured majority local ownership of Grasberg gold and copper mine.

Reuters | September 27, 2017 | 10:22 am

Polish exporter to fill domestic coal hole with U.S. imports

Affected by a domestic coal shortage, Poland's largest exporter Weglokoks had to order a shipment from the US so that it can honour contracts with its overseas buyers.

Reuters | September 27, 2017 | 4:00 am

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