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