Latest Metals and minerals industry News

Navajo company confident about Wyoming, Montana coal bonding

Nov. 13, 2019 7:14 PM EST

CHEYENNE, Wyo. (AP) — Navajo tribal energy company officials expressed confidence Wednesday they will be able to secure necessary bonding for recently purchased coal mines in Wyoming and Montana without financial backing from the Navajo Nation. The Navajo Transitional Energy Co. has adequate potential...

Chinese buyer of British Steel looks to grow abroad

Nov. 13, 2019 6:03 AM EST

BEIJING (AP) — Jingye Group's purchase of British Steel Ltd. gives the privately owned Chinese steelmaker a chance to grow outside a home market dominated by giant state-owned mills. The deal adds to a string of global acquisitions by Chinese companies that want to speed their growth in industries from...

Navajo leader: Tribe won't back energy company's new mines

Nov. 12, 2019 11:05 PM EST

FLAGSTAFF, Ariz. (AP) — The Navajo Nation will not financially back bonds a tribal energy company needs for a trio of newly acquired coal mines off the reservation, the tribal president said Tuesday, explaining that it's too risky and his administration wants the company to move away from coal. The Navajo...

Lawsuit aims to kill stalled $2B methanol refinery project

Nov. 12, 2019 7:07 PM EST

SEATTLE (AP) — A federal lawsuit filed Tuesday aims to keep one of the world's biggest methanol refineries from being built along the Columbia River in Washington state. Plans for the $2 billion refinery, shipping terminal and pipeline project in the small city of Kalama are already stalled after a state...

McConnell: Bevin 'had a good 4 years,' but likely lost

Nov. 11, 2019 2:38 PM EST

GHENT, Ky. (AP) — Senate Majority Leader Mitch McConnell says Kentucky Gov. Matt Bevin "had a good four years," but he says a review of Bevin's narrow reelection defeat is unlikely to change the outcome. Bevin trailed Democrat Andy Beshear by about 5,000 votes in the Nov. 5 election. A re-canvass of votes...

China's Jingye comes to the rescue of British Steel

Nov. 11, 2019 11:14 AM EST

LONDON (AP) — Chinese conglomerate Jingye has agreed to buy British Steel, in a rescue deal that potentially protects some 4,000 jobs and safeguards a strategic asset as Britain prepares to leave the European Union. Exact financial terms were not immediately disclosed Monday, and it was not clear what...

Iran underground lab boosts low-enriched uranium production

Nov. 11, 2019 6:44 AM EST

TEHRAN, Iran (AP) — Iran is producing even more low-enriched uranium daily than previously thought, after resuming enrichment at an underground laboratory built in a mountain, the head of the country's nuclear program told The Associated Press on Monday. Ali Akbar Salehi of the Atomic Energy Organization...

Tribe members: Ancient bison kill site desecrated by mining

Nov. 9, 2019 12:59 PM EST

SARPY CREEK, Montana (AP) — When a coal company contractor working under federal oversight used a backhoe to dig up one of the largest known Native American bison killing grounds and make way for mining, investigators concluded the damage on the Crow Indian Reservation broke federal law and would cost $10...

Archaeologists rush to save Oregon's Chinese mining sites

Nov. 9, 2019 10:05 AM EST

It was the kind of July day in Eastern Oregon when the dusty air waits for a spark to ignite a fire. In fact, two fires were already burning nearby. Chelsea Rose, clad in black jeans, a black woven cowboy hat and black leather combat boots, was leading a team of U.S. Forest Service employees, archaeologists and...

AP PHOTOS: Indian coal mines still burning after a century

Nov. 9, 2019 5:54 AM EST

JHARIA, India (AP) — The fires started in 1916. More than a century later, coal pits in Jharia, in a remote corner of India's eastern Jharkhand state, continue to spew flames and clouds of poisonous fumes into the air. Coal is an important contributor to India's growth, supporting its iron and steel...