China’s coal price slump likely to persist until start of summer
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the fossil fuel and taking a toll on the country’s miners.
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Visit: 62
Plummeting platinum group prices could worsen shortage
Mining News Pro - The price of platinum group metals (PGM) has fallen by 42% this year and could widen a supply deficit if unprofitable mines are sidelined, according to a new report by an industry group.
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Amplats sees no immediate rebound in low platinum metals price
Mining News Pro - Anglo American Platinum’s CEO said he expected the low metal prices companies in South Africa are currently grappling with to persist, and he was aligning the business for the possibility that they would not rise for some time.
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Visit: 188
Sibanye CEO warns of platinum mining job losses as price plummets
Mining News Pro - Sibanye Stillwater, South Africa’s biggest mining sector employer, may be forced to close some loss-making shafts, its CEO told Reuters, adding job cuts in platinum mining had become inevitable as prices of the precious metals fall.
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Canada opposes commercial seabed mining without environmental assessment, regulations
Mining News Pro - Canada is against commercial seabed mining in international waters without a comprehensive understanding of its environmental impacts and a robust regulatory regime, the federal government said on Monday.
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Rio Tinto under ‘immense pressure’ to develop US copper project
Mining News Pro - Rio Tinto Ltd is under “immense pressure” from the US government to develop its Resolution copper project in the United States, given the copper it holds accounts for a quarter of all US reserves, its chair Dominic Barton said on Thursday.
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China slams Canada PM Trudeau’s slave labor comment, threatens ‘consequences
Mining News Pro - China sharply criticized Canadian Prime Minister Justin Trudeau’s comment that linked Chinese-produced lithium to slave labor, and warned Canada could face consequences if it continues “denigrating maliciously” the human rights situation in China.
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Visit: 222
Rio Tinto under ‘immense pressure’ to develop US copper project
Mining News Pro - Rio Tinto Ltd is under “immense pressure” from the US government to develop its Resolution copper project in the United States, given the copper it holds accounts for a quarter of all US reserves, its chair Dominic Barton said on Thursday.
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Visit: 176
Nornickel board recommends no dividend for first time in 14 years
Mining News Pro - The board of Russian mining group Norilsk Nickel has recommended not paying dividends on its 2022 results for the first time in 14 years, citing “negative geopolitics”, but may consider paying interim dividends, the company said on Friday.
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Visit: 242
Teck takes another hit as Glass Lewis recommends ‘no’ vote
Mining News Pro - Teck Resources took another blow in its defense against Glencore Plc, after influential advisory firm Glass Lewis said shareholders should vote against the Canadian miner’s strategy to split out its coal business.
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Visit: 183
Sayona, Piedmont Lithium restart commercial production at NAL project in Quebec
Mining News Pro - Piedmont Lithium and Sayona Mining announced on Thursday that commercial spodumene concentrate production has restarted at their jointly owned North American Lithium (NAL) project in Quebec.
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Visit: 175
Electrification of Canada’s commercial vehicles may yield benefits earlier rather than later
Mining News Pro - A recent report by Deloitte Canada makes a case for decarbonizing commercial vehicles as a measure that is eventually less expensive than maintaining internal combustion vehicles and that has a greater impact on emissions reductions than doing so on passenger vehicles.
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Visit: 197
LME chair to step down, exchange declines comment on reason
Mining News Pro - The London Metal Exchange (LME) on Thursday said Gay Huey Evans will step down as LME chair, but declined to comment on whether it was due to regulatory reviews into the nickel market events in March.
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Visit: 207
LME chair to step down, exchange declines comment on reason
Mining News Pro - Glencore (LON: GLEN) is facing fresh pressure from investors with $2.2 trillion in assets to disclose how the company’s projected thermal coal production aligns with the Paris Agreement’s objective to pursue efforts to limit the global temperature increase to 1.5°C.
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Rio Tinto reiterates $3.3bn offer for Turquoise Hill after ISS recommends against deal
Mining News Pro - In a letter addressed to Turquoise Hill shareholders, Rio Tinto said ISS’s final conclusion is based on “flawed logic”.
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BHP enters commercial agreement to adopt MineHub blockchain platform in operations
Mining News Pro - MineHub Technologies announced Tuesday that it has entered into a commercial agreement with the world’s largest miner, BHP (NYSE: BHP), under which BHP will subscribe to the MineHub platform and enterprise applications as a customer.
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Visit: 466
Lynas awarded $120m DOD contract to build commercial heavy rare earths facility in US
Mining News Pro - Australia’s Lynas Rare Earths Ltd (ASX: LYC, OTC:LYSDY) announced Monday that its wholly owned subsidiary, Lynas USA LLC, has signed a follow-on contract for approximately $120 million with the U.S. Department of Defense to establish a first of its kind commercial Heavy Rare Earths (HRE) separation facility in the United States.
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Visit: 620
Gol Gohar strives to increase its commercial share of domestic and global markets
Mining News Pro - GolGohar Mining Company produces 30 percent of raw materials of Iran’s steel industry and has some projects on the other hand.
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Visit: 738
Powell’s hawkish comments send gold price 1% lower
Mining News Pro - Gold prices slid on Tuesday after US Federal Reserve Chair Jerome Powell hinted at big rate hikes down the year to curb what is the hottest inflation seen in over 40 years.
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Visit: 365
Commencement of 7 copper industrial and mining projects with the presence of the President
Mining News Pro - National Iranian Copper Industries Company has begun 7 major mining projects in February.
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Visit: 556
Iron ore price plummets 9% as China warns traders to avoid fake pricing
Mining News Pro - The iron ore price plummeted on Tuesday as China ramped up a campaign to stop prices overheating even before the government rolls out demand-boosting stimulus measures this year.
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Visit: 377
Rio Tinto CEO concerned about Serbian PM’s comments on lithium project
Mining News Pro - Rio Tinto’s chief executive said on Tuesday he was concerned about the Serbian prime minister’s comments against the company’s lithium project, in his first remarks after Belgrade revoked the global mining company’s exploration licences.
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Rio Tinto CEO concerned about Serbian PM’s comments on lithium project
Mining News Pro - Rio Tinto’s chief executive said on Tuesday he was concerned about the Serbian prime minister’s comments against the company’s lithium project, in his first remarks after Belgrade revoked the global mining company’s exploration licences.
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Swedish consortium gets funding to commercialize grid-scale energy storage concept
Mining News Pro - An international consortium led by Swedish grid-scale energy storage company Mine Storage has been granted Vinnova funding to finalize the blueprint for what could be the world’s first commercial underground mine storage facility, indicating increased interest in the potential of using abandoned mines for energy storage.
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Visit: 628
Copper price rises while Commerzbank sees setback in 2022
Mining News Pro - China’s copper imports in November were up for a third straight month, customs data showed, hitting their highest since March.
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Visit: 415