MINING.COM

Indonesia’s Adaro signs MoU with Hyundai for aluminum supply

Hyundai would secure the right to purchase aluminium produced by Adaro's subsidiary PT Kalimantan Aluminum Industry at an early stage of production.

Reuters | November 13, 2022 | 9:51 am

Ford, GM in talks with Posco Chemical on battery metal hubs

GM is investing $35 billion to make its lineup fully electric by 2035, while Ford is plowing $50 billion.

Bloomberg News | November 11, 2022 | 9:44 am

Hindalco profit sinks on high costs, plans to raise $124 million

Hindalco’s costs surged 24% during the quarter, with power expenses almost doubling.

Bloomberg News | November 11, 2022 | 9:37 am

Rio Tinto’s long-awaited deal comeback is stuck in limbo

Rio has struggled to win investor support for the Turquoise Hill deal, forcing it to offer unusual terms to the most stubborn holdouts which appeared to be enough to close the deal.

Bloomberg News | November 11, 2022 | 9:29 am

Indian miners seek higher import tax on aluminum, zinc, copper products

The government should raise import taxes to 10%-15% on several aluminum products, including scrap to 10% from 2.5%.

Reuters | November 11, 2022 | 9:20 am

Vedanta says state revenue share would make Barmer oil asset unviable

The government has said it is entitled to increase its revenue share from the block by 10%, having recently extended the contract for the Barmer asset by 10 years.

Reuters | November 11, 2022 | 9:14 am