British Steel starts looking positive: Brexit boosts exports; employees get 5% stake
Just over a year since it changed hands for just £1, the Scunthorpe steelworks in northern England is firing once again. The company employs 4,800 people. …
New Mining Deal to Boost Lithium Production in Argentina
Argentina might be one step closer to becoming a leading exporter of lithium. Last week, the country’s federal government signed a new mining act aimed at …
Nickel production to grow for first time since 2013 : Report
Global nickel production will come out of negative territory this year for the first time since 2013, driven by Indonesia’s export ban moderation, a new …
Coal India Ltd., world’s largest coal company, to retire 37 mines in India
The largest coal mining company in the world, Coal India, has announced plans to decommission a total of 37 mines which are no longer economically viable in …
De Beers launches $156 million diamond-hunting ship off the coast of Namibia
Mining giant Anglo American’s De Beers has launched a state-of-art £122 million ($156 million) exploration ship that will scan for diamonds on the seabed …
ArcelorMittal led consortium to buy Italy’s steelmaker Ilva in a $2 billion deal
A consortium led by global steel giant ArcelorMittal received clearance from Italian authorities to buy struggling steel producer Ilva. The 1.8-billion euro …
GST fears helped India’s gold imports surge threefold to $4.95 billion in May
Recording over three-fold rise, India’s gold imports increased to US $4.95 billion in May. According to the Reserve Bank of India (RBI), the precious …
South African miners threaten to sue the government over its proposed new mining charter
South Africa’s Chamber of Mines has threatened legal action against the government over the new mining charter. The new conditions of the charter, the …
Electric vehicles to increase copper demand nine times higher by 2027: ICA
Copper demand from the electric vehicle (EV) sector could rise by as much as nine times in the next decade, says a study prepared for the International Copper …
World’s top 40 miners returned to profit in 2016: PwC
The top 40 mining companies of the world posted aggregate profits of $20 billion in 2016 against a loss of $28 billion in 2015, consulting firm PwC said in a …