Japan’s Sumitomo Metal becomes IAMGOLD partner in Canadian project

Having trouble viewing this email?  View online Asia News Digest Friday 14 July 2017 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Japan's Sumitomo Metal becomes IAMGOLD partner in Canadian project With the completion of the Japanese firm acquisition of 30% of Côté Gold Project, IAMGOLD's liquidity now exceeds $1 billion. read » Luxembourg becomes first European country to pass space mining law The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission. read » Iron ore price hits 10-week high on China renewed appetite Ore with 62% content in Qingdao added $1.86 overnight to close at $65.91, the highest since May 3 and 20% more than those year lows hit mid-June read » Private capital says no to mining Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money. read » Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings. read » Top 3 coal countries produced 6% more coal from January to May Just when you thought coal was out, the fossil fuel appears to be back on the burner. read » Rio Tinto shareholders greenlight sale of Aussie coal assets to Yancoal The approval ends a three-week bidding war between Yancoal and Glencore over Rio's thermal coal assets in Australia. read » Rio brushes off Glencore latest offer for coal mines, sticks with Yancoal The company has chosen to sell its Hunter Valley coal mines to China-backed Yancoal, but shareholders will decide. read » China shuns Indian iron ore in favour of Australia's Chinese steel mills are turning their backs on India and embracing Australia as a source of higher-grade ore for steelmaking. read » Glencore fights back, sweetens deal for Rio Tinto's Australian coal assets Fresh bid is far better than the $2.55bn it offered earlier this month and considerably more than the $2.45bn offered by Yancoal, the Chinese-backed miner that is Rio's preferred buyer. read » World's top coal producer to close 37 mines Coal India, responsible for about 82% of the nation's total coal output, said the closures would save around 8 billion rupees ($124 million). read » Western Australia bans uranium mining, but existing projects safe Toro Energy's Wiluna project, Vimy Resources' Mulga Rock project, as well as Cameco's Kintyre and Yeelirrie projects allowed to go on. read » Yancoal trumps Glencore bid for Rio Tinto's coal mines The acquisition would make of Yancoal Australia's largest pure-play coal producer. read » Rio Tinto in search of next Oyu Tolgoi in Mongolia Mongolia's renewed efforts to attract foreign investment it's bearing its first fruits. read » Nickel production to grow for first time since 2013 — report More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year. read » Korean consortium bids for Australian iron-ore giant Arrium A consortium of companies including Korean steel juggernaut POSCO has made a bid for Arrium, a major Australian iron ore miner and steelmaker. read » Gemfields beats own ruby sales record at Singapore auction It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record. read » World coal production falls off a cliff China, the world's largest energy consumer, burned the least coal in six years. read » Indonesia seeks meeting with Freeport CEO to end copper mine dispute Indonesia says it will invite the head of mining giant Freeport McMoRan Inc to Jakarta this month to try to settle a festering dispute over a new deal to operate the world's second-largest copper mine. read » London court hears Vedanta's challenge to Zambian villagers' pollution claim Case has potential to set precedent for other foreign claims. read » As Indonesian nickel ore flows again to China, famine turns to feast: Andy Home The flow of Indonesian nickel ore to China has resumed after a three-and-a-half year break. read » Malaysia extends bauxite mining moratorium for six months Moratorium aims to restrict illegal mining activity on private land and companies that ignore mining guidelines, resulting in environmental pollution. read » Novo signs MOU to partner with Sumitomo Corporation to move Beatons Creek towards production Novo Resources Corp. is pleased to announce that the Company has entered into a memorandum of understanding (the "MOU") with Sumitomo Corporation, Japan ("Sumitomo") to further develop the Company's Beatons Creek project in the Nullagine region of Western Australia. The MOU is non-binding except as to certain provisions. read » Caterpillar reshuffles top management for mining divisions Doug Hoerr, Caterpillar's vice president of the material handling & underground division, is retiring in August after more than 20 years with the company. read » Mongolian herders ink historic agreement with Oyu Tolgoi mine, government Accompanied by OT Watch and Accountability Counsel, herders in the South Gobi used the IFC's complaint office to negotiate agreement. read » Read more Asia news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. 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