These are some of the top mining assets on the block

Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials. Still, the mood remains cautious and the focus has been on smaller deals after the damage inflicted by steep[…]

China's state-owned coal firms target 12.65m tonnes of capacity cuts

BEIJING, Jan 15 (Reuters) – China’s central government-owned enterprises will target coal capacity cuts of 12.65 million tonnes in 2018, the official Xinhua news agency reported on Monday. The Xinhua report, which followed a meeting of the heads of companies controlled by China’s State-owned Assets Supervision and Administration Commission (Sasac), said elimination of coal-fired power[…]

World seaborne coal trade rose 1.5 pct in 2017 – German importers

FRANKFURT, Jan 12 (Reuters) – World coal seaborne trade increased by 1.5 percent last year due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity, German coal importers lobby VDKI said on Friday. * VDKI (Verein der Kohlenimporteure), whose 70 member[…]

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[…]

China aims to supersize coal sector through mergers

BEIJING, Jan 5 (Reuters) – China said on Friday it plans to create several “super-large” coal mining companies by the end of 2020 as the world’s biggest producer of the fuel ramps up years of efforts to streamline the fragmented sector and slash outdated capacity. The country’s National Development & Reform Commission (NDRC) said in[…]

Blue skies, green cars and a year of revolution for industrial metals: Andy Home

LONDON, Dec 22 (Reuters) – A little bit of metals history was recorded on March 29 this year. The small Central American country of El Salvador became the first nation to ban all exploration, mining and processing of metals. Don’t worry if you didn’t notice. El Salvador doesn’t have any operating mines. It was going[…]

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[…]

Thousands protest in Morocco against the “mines of death”

For four days in a row, thousands of people have been protesting in the city of Jerada, northeastern Morocco, in a cry for jobs, social development and government intervention in what the call “the mines of death.” The massive demonstrations started around December 12 with people demanding lower electricity and water bills. However, the rallies[…]