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Global Mining and Steel

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Coffers full, mining execs still look inside

NEW YORK Mining companies are cash-rich and positioned to do deals, but high prices and the chance to develop existing properties are slowing consolidation, executives said at the Reuters Global Mining and Steel Summit this week.

Gold miners bullish; hedges out of favor

NEW YORK Chief executives of gold producers almost always voice bullish sentiments about the price of the yellow metal, but mining executives lately have backed their conviction with actions.


Miners grapple with resource nationalism

LONDON Miners expect no respite from a surge of resource nationalism as shortages of commodities loom and emboldened governments demand more returns from mining. | Video


Movie "Avatar" has few fans among mining execs

NEW YORK It's enough to make a mining executive grit his teeth or his kids to give him the silent treatment.

Tata Steel sees India volumes up 20 percent in fourth quarter

NEW YORK Tata Steel Ltd said on Thursday it expects sales volumes in India in the current quarter to be 20 percent higher than a year ago.

Mongolia Energy eyes August coal deliveries

HONG KONG Mongolia Energy Corp (MEC) , a former technology company that remade itself into a natural resources developer in 2007, will deliver its first coking coal cargo this August and is also looking at projects beyond Mongolia, a senior executive said.


China keen to invest in SAfrica mines

JOHANNESBURG/NEW YORK South Africa's mines minister said on Wednesday that China had shown strong interest in investing in the African country's mining sector, and reassured investors there were no plans to nationalize mines. | Video

Reliance Steel sees orders improve, no restocking

NEW YORK Reliance Steel & Aluminum Co said its metal service centers and others in the industry and their manufacturer customers are no longer destocking inventory, but neither are they restocking, as orders for processed metal have increased in only some areas.


Stillwater says floor unlikely in new Ford deal

NEW YORK Stillwater Mining Co , North America's top platinum group metals producer, said on Wednesday its new supply agreement with Ford Motor Co will be without a guaranteed floor price. | Video


Western Lithium seeks partners to fund mine

NEW YORK Lithium miner Western Lithium is seeking strategic partners to help develop a planned mine in Nevada that it hopes to bring on line by early 2014, President Jay Chmelauskas said on Wednesday.


Cameco sees 18 mln lbs Cigar Lake output

NEW YORK Cameco Corp expects its Cigar Lake uranium mine to produce a total of 18 million lbs a year at full production, the uranium miner's chief executive said on Wednesday.


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