InfoMine - Mining Intelligence and Technology

Peabody Energy to buy Alabama coal mine for $400 million

6 hours ago

The transaction involves the purchase of Shoal Creek metallurgical coal mine, preparation plant and supporting assets, excluding legacy liabilities other than reclamation. The post Peabody Energy to buy Alabama coal mine for $400 million appeared first on MINING.com.

China’s Ganfeng Lithium lands three-year contract to supply Tesla

9 hours ago

Deal will see China’s No.1 producer of lithium supplying 20 percent of its production to the electric cars maker. The post China’s Ganfeng Lithium lands three-year contract to supply Tesla appeared first on MINING.com.

Colombian court hands major win to South32, won’t have to pay damages

11 hours ago

But judge the court upheld part of ta previous ruling requiring the miner to re-apply for its environmental licensing and start a community consultation process. The post Colombian court hands major win to South32, won’t have to pay damages appeared first on MINING.com.

Central bank demand for gold reaches 3-year high

1 day ago

Egypt recently bought gold for the first time since 1978, India, Indonesia, Thailand and the Philippines have re-entered the gold market after years-long absences. The post Central bank demand for gold reaches 3-year high appeared first on MINING.com.

Three dead, several injured after attack at Continental Gold site in Colombia

1 day ago

This is the second time this month the Toronto-based miner mourns the death of staff members in Colombia. The post Three dead, several injured after attack at Continental Gold site in Colombia appeared first on MINING.com.

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Shanghai sets challenge to New York, London in copper options debut

4 hours ago

Almost 18,000 lots traded in debut day, equal to 90,000 tonnes of metal. The post Shanghai sets challenge to New York, London in copper options debut appeared first on MINING.com.

Caterpillar leans on old playbook to cope with Trump tariffs

5 hours ago

Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old. The post Caterpillar leans on old playbook to cope with Trump tariffs appeared first on MINING.com.

Peabody Energy to buy Alabama coal mine for $400 million

6 hours ago

The transaction involves the purchase of Shoal Creek metallurgical coal mine, preparation plant and supporting assets, excluding legacy liabilities other than reclamation. The post Peabody Energy to buy Alabama coal mine for $400 million appeared first on MINING.com.

China’s Ganfeng Lithium lands three-year contract to supply Tesla

9 hours ago

Deal will see China’s No.1 producer of lithium supplying 20 percent of its production to the electric cars maker. The post China’s Ganfeng Lithium lands three-year contract to supply Tesla appeared first on MINING.com.

China's subway splurge could help its steel sector get back on track

2 days ago

Subway expansion plans require 80 million tonnes of steel, a need which arises as Beijing looks to boost economy amid trade war with U.S. The post China's subway splurge could help its steel sector get back on track appeared first on MINING.com.

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South Africa's NUM union signs wage deal with AngloGold

4 hours ago

South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti, inking the same agreement that other unions reached with the company earlier in the week. The post South Africa's NUM union signs wage deal with AngloGold appeared first on MINING.com.

Philippines halts quarry operations after deadly landslide

5 hours ago

The Philippines temporarily suspended all quarrying operations in seven regions following a landslide near a limestone quarry that killed at least 29 people, with dozens more feared trapped under the rubble. The post Philippines halts quarry operations after deadly landslide appeared first on MINING.com.

Paulson joined by 15 investors in council to oversee gold miners

9 hours ago

The billionaire hedge-fund manager has formed a coalition with 15 other founding members aimed at curbing years of what his hedge fund has called value destruction in the gold sector. The post Paulson joined by 15 investors in council to oversee gold miners appeared first on MINING.com.

Central bank demand for gold reaches 3-year high

1 day ago

Egypt recently bought gold for the first time since 1978, India, Indonesia, Thailand and the Philippines have re-entered the gold market after years-long absences. The post Central bank demand for gold reaches 3-year high appeared first on MINING.com.

Gold exodus to reverse 3 hours ago - Zeal LLC

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Mongolian court says copper mine nationalisation broke laws

4 hours ago

The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine. The post Mongolian court says copper mine nationalisation broke laws appeared first on MINING.com.

Shanghai sets challenge to New York, London in copper options debut

4 hours ago

Almost 18,000 lots traded in debut day, equal to 90,000 tonnes of metal. The post Shanghai sets challenge to New York, London in copper options debut appeared first on MINING.com.

Philippines halts quarry operations after deadly landslide

5 hours ago

The Philippines temporarily suspended all quarrying operations in seven regions following a landslide near a limestone quarry that killed at least 29 people, with dozens more feared trapped under the rubble. The post Philippines halts quarry operations after deadly landslide appeared first on MINING.com.

BHP's Spence copper mine in Chile partially closed following fire

1 day ago

A fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished. The post BHP's Spence copper mine in Chile partially closed following fire appeared first on MINING.com.

With copper options, China steps up challenge to London, New York rivals

1 day ago

The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market. The post With copper options, China steps up challenge to London, New York rivals appeared first on MINING.com.

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Germany's move to scrap coal is said to boost cost for taxpayers

4 hours ago

Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine the commodity. The post Germany's move to scrap coal is said to boost cost for taxpayers appeared first on MINING.com.

Peabody Energy to buy Alabama coal mine for $400 million

6 hours ago

The transaction involves the purchase of Shoal Creek metallurgical coal mine, preparation plant and supporting assets, excluding legacy liabilities other than reclamation. The post Peabody Energy to buy Alabama coal mine for $400 million appeared first on MINING.com.

Rio Tinto’s exit from coal pays off, to return $3.2B from sales proceeds to shareholders

1 day ago

The fresh round of returns follows Rio’s promise in August to give shareholders up to $7 billion through dividends and share buybacks. The post Rio Tinto’s exit from coal pays off, to return $3.2B from sales proceeds to shareholders appeared first on MINING.com.

Coal exports from top shipper hobbled with miners facing constraints

2 days ago

Coal exports from Indonesia will be restrained this year, which could frustrate a plan by the government to ease a burgeoning trade deficit. The post Coal exports from top shipper hobbled with miners facing constraints appeared first on MINING.com.

Poland's JSW seeks ministry approval to buy Prairie Mining assets – CEO

2 days ago

Poland's state-run JSW awaits approval from the Energy Ministry in its bid to acquire the mining assets of Australia's Prairie Mining The post Poland's JSW seeks ministry approval to buy Prairie Mining assets – CEO appeared first on MINING.com.

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Mining industry’s adoption of blockchain not a question of if, but when — report

1 day ago

Blockchain technology and the smart contracts it enables are the next innovations the mining industry needs to adopt in order to improve efficiencies and increase market transparency, a paper published by global law firm White & Case says. The post Mining industry’s adoption of blockchain not a question of if, but when — report appeared first on MINING.com.

Vale eyes expansion of Brazil iron ore mine to feed Chinese demand

1 day ago

China, the world's biggest consumer of the steelmaking ingredient, has ramped up buying of higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies. The post Vale eyes expansion of Brazil iron ore mine to feed Chinese demand appeared first on MINING.com.

Rio Tinto’s exit from coal pays off, to return $3.2B from sales proceeds to shareholders

1 day ago

The fresh round of returns follows Rio’s promise in August to give shareholders up to $7 billion through dividends and share buybacks. The post Rio Tinto’s exit from coal pays off, to return $3.2B from sales proceeds to shareholders appeared first on MINING.com.

China's subway splurge could help its steel sector get back on track

2 days ago

Subway expansion plans require 80 million tonnes of steel, a need which arises as Beijing looks to boost economy amid trade war with U.S. The post China's subway splurge could help its steel sector get back on track appeared first on MINING.com.

Poland's JSW seeks ministry approval to buy Prairie Mining assets – CEO

2 days ago

Poland's state-run JSW awaits approval from the Energy Ministry in its bid to acquire the mining assets of Australia's Prairie Mining The post Poland's JSW seeks ministry approval to buy Prairie Mining assets – CEO appeared first on MINING.com.

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