15th Five-Year Plan for Coal Industry Issued; Large Modern Mine Capacity Share Target Raised
The plan calls for raising the share of large modern coal mine capacity to 87% by 2030.
The plan calls for raising the share of large modern coal mine capacity to 87% by 2030.
Barrick's Q2 profit missed expectations, and it resolved its Nevada dispute with Newmont.
Indonesia's newly approved additional nickel ore quotas are weighing on nickel prices, which remain range-bound near the bottom.
India and Chile are in the final stage of CEPA negotiations, with critical minerals high on New Delhi's priority agenda.
On August 10, LME copper inventories stood at 218,300 mt, down 4,675 mt from the previous day, a decline of 2.1%.
Net profit attributable to shareholders was RMB 60.0663 million, versus a loss of RMB 15.305 million in the year-ago period, turning from loss to profit year on year.
Based on second-quarter earnings reports from mining companies, global iron ore production is expected to continue growing in H2 2026, with the full-year supply increase mainly coming from Simandou project capacity release and steady output growth from the four major miners.
Rainfall in India has disrupted coal supply, with arrivals to Karnataka down by half.
BHP's union workers at Port Hedland have once again halted work.
According to Kazinform, Solidcore Resources announced it will invest US$315 million in the Syrymbet tin deposit in North Kazakhstan region to launch construction of a mining and beneficiation complex.
Two ministries issued a plan to coordinate coal mine closures with regional supply security and promote the orderly exit of backward production capacity.
Indonesia confirms it will continue to implement export bans on nickel, bauxite, and copper concentrate.
Guinea bans raw gold exports: local refining requirement takes effect.
Strong lithium battery demand and bullish institutional views boost energy metals sector activity.
Silico-manganese futures rebounded from lows, currently at 5,722 yuan/t, up 0.14%, with a positive basis.
Ebrahim Azizi, chairman of the Iranian Parliament's National Security and Foreign Policy Committee, confirmed on the evening of August 9 local time that the proposed framework had been approved by the committee.
Aluminum product operating rates edged down slightly; electrolytic aluminum inventories fell 20,000 mt week-on-week to 933,000 mt.
Despite low capacity utilization and cash-flow pressure, Shida Shenghua still plans to invest 2.8 billion yuan to expand lithium battery materials production.