Despite beating production targets, nickel miner Mincor Resources reported a total net loss after tax of A$34.26-million for the full year ended June, compared with a profit of A$1.85-million in the previous financial year.

Re-establishing diplomatic relations between Cuba and the US after 54 years has rekindled fresh hopes that Cuba’s mining and petroleum industries will benefit from potential US investment in these sectors.

It is reported that Rio Tinto, Australia’s largest producer of iron ore, forecasted that the steel output in China would reach 1 billion tons by 2030 despite moderate growth in the past 18 months.

Recently, the Government of Newfoundland and Labrador approved Vale’s nickel mine project located at Voisey's Bay in Canada, and the project will be officially launched next year.

According to France Ministry of economic, financial and statistical data showed that France primarily steel and Ferroalloy exports reached 4.83 billion euros in H1 of the year, down slightly 0.21% year on year.

Canadian corporations that use tax havens like Switzerland and the Cayman Islands to reduce the taxes they pay at home have good reason to worry.

Nickel, copper and aluminum hit six-year lows on Wednesday after China allowed the yuan to weaken further, prompting fears that metals demand from the world’s top buyer would wither and sending nickel down 15 per cent before prices recovered.

According to Brazil’s Ferbasa said that its sales of high carbon ferro-chrome totaled 29,136 tons during April to June, increasing by 4.7% year on year.