Plane carrying Rio Tinto workers crashes in Canada’s Northwest
Six people were killed after a small plane carrying global miner Rio Tinto’s workers crashed near Fort Smith in Canada’s remote Northwest Territories (NWT) on Tuesday, the NWT Coroner Service said on Wednesday.
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Plane carrying Rio Tinto workers crashes in Canada’s Northwest, six dead
A small plane carrying Rio Tinto (ASX, LON: RIO) workers crashed near Fort Smith in Canada’s remote Northwest Territories on Tuesday during a flight to its Diavik diamond mine, killing six people on board.
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Nickel price crash seen extending Indonesia’s grip on supply
A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply.
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Australian tycoon Forrest shuts nickel mines after prices crash
Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines due to a sharp slump in prices for the key transition metal.
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Metals haven’t crashed this hard since the Great Recession
Mining News Pro - Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s crisis froze London trading for four years.
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Copper price crashes through $10,000 as hedge funds turn most bearish in two years
Mining News Pro - The copper price fell on Monday to the lowest in three months with mounting concern about the outlook for demand due both to spreading lockdowns in China and the continuing war in Ukraine.
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Wild markets gatecrash London Metal Exchange Week party
Mining News Pro - This year’s London Metal Exchange (LME) Week was a subdued affair by comparison with past excess.
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Copper price crashes through $4 as bull case fades
Mining News Pro - Copper prices fell to their lowest in more than two weeks, as a stronger US dollar made greenback-priced metals more expensive to holders of other currencies.
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Copper price crashes through $4.00, down 7%
Mining News Pro - Comex copper plunged on Thursday as doubts creep in about the sustainability of a rally that took the bellwether metal to within throwing distance of an all-time high.
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Guyana still seen growing 53% While World Economy May be Crashing
Mining News Pro - The world may be falling into its worst recession in almost a century but one tiny South American economy is still forecast to grow 53% this year.
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Oil’s biggest crash in a generation has silver lining for miners
Mining News Pro - The financial turmoil crushing industrial-metals equities has a silver lining: lower energy prices can be a boon to miners.
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Sirius Minerals shares crash after scrapping $500m fundraising plan
Mining News Pro - Sirius Minerals, the British company building a huge fertilizer mine beneath a national park, lost more than half of its market value on Tuesday after it announced it had cancelled plans to raise the $500 million needed to move ahead with the Woodsmith project.
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BHP blames heavy rains for autonomous trucks crash
Mining News Pro - The world’s largest miner, BHP, has blamed a collision between two autonomous trucks at its Jimblebar iron ore mine in the Pilbara, Western Australia, on significant rainfall affecting the area over the weekend.
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Oil`s big reset: Energy majors learn to thrive after price crash
Mining News Pro - When OPEC started an oil-price war in late 2014, most people believed U.S. shale was doomed. In reality, the giant oil majors suffered most — burdened by expensive mega-projects, Chevron Corp., BP Plc and the rest struggled to adapt to the fall in energy prices.
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Not so autonomous: Wifi outage results in driverless truck crash at Fortescue mine
Mining News Pro - Iron ore producer Fortescue Metals Group revealed Friday that one of its massive driverless trucks collided with another at one of its Western Australia mines earlier this week. There were no injuries.
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Cobalt`s price crash bottoming out, stocks to hinder quick rally
Mining News Pro - Cobalt`s near year-long price slide is finally coming to an end, but high inventories of the battery metal will stop prices quickly re-claiming 2018`s 10-year highs.
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