South Korean steel giant Posco announced to cut its domestic prices for austenitic stainless coils by 100,000 won/ton for August due to weak market conditions during summer holiday, in spite of higher nickel prices.

After over six-month of heated debate over restrictions on mineral exports imposed by Indonesia in January, the newly elected government is offering mining companies in some tax cuts ton settle the dispute.

Fitch also raised Norilsk Nickel’s short-term foreign currency IDR to F3 from B and senior unsecured foreign currency rating to BBB-from BB+.

The Company’s four operating mines sold an aggregate 7.73 million wet metric tons (WMT) of nickel ore in the irst half of 2014 as compared to 5.54 million WMT in the same period last year, or an increase of 40%.The ...

State-owned miner PT Aneka Tambang (Antam) says that the total investment value of the FerroNickel (FeNi) processing plant project in Buli, East Halmahera, North Maluku, could reach US$800 million to $1 billion.

Amid the prolonged battle between the government and big miners over a policy to ban the export of raw mineral ore, two smaller miners have agreed to ship their raw ore overseas despite having to pay hefty export taxes.

Casablanca Capital LP said two independent proxy advisory firms have recommended shareholders of Cliffs Natural Resources Inc vote in favor of the hedge fund's bid to replace some of the members of the miner's board of directors.

Indonesia's government may offer Newmont Mining Corp's copper contract to state-owned Aneka Tambang (Antam) if the U.S. company does not quickly resume production, a government official said on Thursday.