Anglo’s stumbles have made it prey for mining’s biggest predator
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the company had recently posted its best-ever annual profit and the popular industry veteran was handing over to a trusted lieutenant. Anglo stock hit a record the same day.
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Visit: 31
Mining stoppage adds to Eramet’s New Caledonia woes
Eramet subsidiary SLN’s nickel mining operations in northern New Caledonia have been suspended, adding to difficulties at the loss-making business that saw a slide in first-quarter output.
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Visit: 15
E-haul trucks could result in major savings for miners but adoption is slow
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the replacement of diesel with cheaper electricity, as these vehicles have the most intensive duty cycles of any vehicle in a mine.
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Visit: 44
Codelco defends lithium deal ahead of SQM shareholder meeting
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism that the negotiation process has been opaque.
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Visit: 40
LME takes aim at traders’ Russian metal games with new rules
The London Metal Exchange is imposing new rules surrounding the movement of metal in its warehousing network, taking aim at a lucrative and complex trading opportunity that emerged after the imposition of sanctions on Russian metal earlier this month.
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Visit: 44
Airbus wins reprieve from Canadian sanctions on Russian titanium
Canada has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal in the latest package of measures triggered by the war in Ukraine.
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Visit: 47
Adriatic Metals takes over as operator of Bosnian silver mine
Adriatic Metals is taking over as the operator of the Rupice deposit development, which is part of the company’s Vares silver mine in central Bosnia.
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Visit: 58
Zinc price trades near one-year high as market weighs supply risks
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming supply risks.
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Visit: 79
Protesters blockade Peru’s Las Bambas mine after talks fall through
Peru’s Las Bambas copper mine, owned by China’s MMG, is facing renewed blockades of a key transport route after failed talks over donations to local development projects, a community leader said on Wednesday.
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Visit: 62
Vitol CEO confirms energy trading giant is getting into metals
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with an “exciting decade” ahead.
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Visit: 73
Two workers dead at Newmont’s Cerro Negro mine in Argentina
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the Santa Cruz region of Argentina.
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Visit: 88
Graphjet Technology to build agricultural waste-to-graphite production plant in Nevada
Graphjet Technology, a Malaysia-headquartered developer of technologies to produce graphite and graphene directly from agricultural waste, announced Monday it plans to build a commercial artificial graphite production facility in Nevada.
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Visit: 67
Lithium trading hits record on CME as funds seize budding market
Trading of CME Group Inc.’s nearly three-year-old lithium hydroxide futures contract is soaring, with more funds crowding into the budding market as prices of the battery metal falter.
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Visit: 71
Iron ore price swings near $100 as traders mull fragile China recovery
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic recovery may be starting to gain traction countered weakness in the steel market.
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Visit: 78
Iron ore price swings near $100 as traders mull fragile China recovery
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic recovery may be starting to gain traction countered weakness in the steel market.
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Visit: 52
Canada’s mild winter disrupts key ice road to remote Arctic diamond mines
An unusually warm winter in Canada this year has delayed the opening of a 400-kilometer (250-mile) ice road that is rebuilt every year as the main conduit for Rio Tinto, Burgundy Mines and De Beers to access their diamond mines in the remote Arctic region.
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Visit: 80
Shanghai copper heads for biggest monthly gain in 16 months
Shanghai copper prices were little changed on Friday, but poised for their biggest monthly gain in 16 months amid prospects of lower supply.
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Visit: 88
Gold price heads for best month in over a year
Gold rose again on Thursday and is bound for its biggest monthly rise since November 2022 on the back of a blistering rally spurred by bets on US interest rate cuts and strong safe-haven demand.
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Visit: 87
Adani kicks off $1.2 billion Indian copper smelter
Indian billionaire Gautam Adani has started operating the first unit of his $1.2 billion copper smelter, the tycoon’s first foray into metals refining.
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Visit: 122
Canada introduces tougher security reviews of foreign investments
Canada has introduced tougher national security reviews of proposed foreign investments in sensitive sectors to enable it to quickly spot potentially problematic deals, the government said on Wednesday.
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Visit: 95
Canada watchdog says abuse likely occurred at a Dynasty Gold mine in China
Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in China operated by Vancouver-based firm Dynasty Gold.
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Visit: 73
Iron ore hit by fresh selling as traders fret over China demand
Iron ore futures tumbled in Singapore, extending a stretch of volatile trading amid deepening anxiety over Chinese demand. Base metals also fell.
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Visit: 123
US, Canada, Indigenous groups to collaborate on reducing river pollution from BC coal mines
The United States and Canada announced Monday they have agreed to cooperate to reduce and mitigate the impacts of water pollution from coal mines originating in British Columbia’s Elk-Kootenay watershed.
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Visit: 66
AI can potentially estimate global environmental destruction due to road development for mining
Recent tests of an AI system showed that it can detect how poorly regulated road development for mining, logging and land clearing is triggering dramatic increases in environmental disruption.
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Visit: 85
Rio Tinto says checking impact of gas pipeline incident on Gladstone operations
Rio Tinto said on Thursday it had been notified of an incident at its Queensland gas pipeline, which Australian media had earlier said was a fire that had impacted supplies.
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Visit: 77