Rio investors asked to push miner to leave Minerals Council of Australia

Shareholders of world’s second largest miner Rio Tinto (ASX, LON:RIO) are being recruited to demand the company quit Australia’s top mining lobby group. The Australasian Centre for Corporate Responsibility (ACCR) is looking to persuade about 100 investors to co-file a resolution at Rio Tinto’s upcoming annual general meeting, in which it will ask the group to leave[…]

These are top-10 global mining trends expected for 2018

To thrive in the mining industry’s historical boom and bust cycle and capitalize on new opportunities, companies must rethink the traditional mining model. (Image: PlusONE| Shutterstock.) In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, as well as operational realities shifting irrevocably[…]

Agarwal plans to keep his Anglo American stake for a long time

(Bloomberg) — Anil Agarwal, the Indian commodities billionaire, said the rally in Anglo American Plc vindicated his personal bet in the mining group, adding that he plans to own the shares for a long time. Agarwal surprised Anglo’s management last year when he took a 21 percent stake in the company, becoming its top shareholder.[…]

India steel ministry seeks abolition of met coal import tax

(Bloomberg) — India’s steel ministry is seeking to remove import tax on coking coal to soften the impact of rising costs on users of the key steel-making fuel and promote production of the alloy that’s crucial for Prime Minister Narendra Modi’s plan to boost domestic manufacturing. The ministry has written to the finance department to consider[…]

Indonesia completes contract amendments with coal miners

JAKARTA, Jan 17 (Reuters) – Indonesia’s mining ministry on Wednesday signed amended contracts with 18 coal mining companies, including PT Adaro Indonesia, as part of a shift towards a new mining permit system it expects to boost government revenue. Indonesia, the world’s biggest thermal coal exporter, has now amended the contracts of all of its[…]

Coal dwarfs battery metals in mining deals despite war on pollution

LONDON (Reuters) – Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future. While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal and steel-making to tackle smog[…]

CHARTS: Big mining's surge in value shames tech giants

Big cap diversified miners are riding a wave of optimism as global growth prospects – especially in manufacturing – continues to strengthen.  Global economic activity as measured by the JP Morgan global manufacturing and services index showed output rising at the fastest pace since March 2015. The manufacturing index has now signalled expansion for a record 82 months[…]

Moroccans continue to protest against the “mines of death"

On December 31, residents of Jerada, in northeastern Morocco, braved the winter cold and stayed on the streets late into the night in what was the ninth day of continued rallies in demand for jobs, social development and government intervention in what the call “the mines of death.” This time, protesters showed up dressed as[…]

India’s Singareni Collieries wants to produce 85 million tonnes of coal per year

In a year-review post published on its official Facebook page, state-owned Singareni Collieries Company Limited announced that it expects coal production to touch 85 million tonnes per annum in the next five years as it plans to open up 12 new mines. The company’s outlook is also based on the fact that during the fiscal[…]