Russian court orders Glencore to pay shares worth 114.8m euros in Sberbank lawsuit
A Russian arbitration court ruled on Monday that four units of Swiss commodities trader Glencore will pay more than 11.4 billion roubles, or some 114.8 million euros, worth of shares in a lawsuit filed by Sberbank, according to the court.
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Iron ore price drifts higher as soft China data triggers stimulus hopes
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed hopes of more stimulus in the second quarter to underpin its economy.
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Karelian says Finland asset likely to hold more coloured diamonds
Irish explorer Karelian Diamond Resources (AIM: KDR) said on Tuesday its search for precious stones in Finland has taken a significant step forward after finding signs of diamond bearing kimberlite in the same area where it previously unearthed a rare, pale green diamond.
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The ritual of tree planting and the beginning of the afforestation project of Gol Gohar Iron and Steel Development Company
Mining News Pro - The ceremony of commemorating the tree planting day and the beginning of the afforestation project and the improvement of the green space of Gol Gohar Iron and Steel Development Company was held this morning by planting a tree in this company.
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Korea Zinc agrees 40% fee cut to turn Teck’s mined zinc into metal
Canadian miner Teck Resources has agreed to pay Korea Zinc $165 per metric ton, a three-year low, to turn its zinc concentrate into refined metal, according to two sources familiar with the matter.
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Iron ore’s reset to $100 heralds China’s new economy shift
Iron ore’s reset to around $100 a ton is indicative of a broader reshaping of China’s commodities markets that favors the new economy over the old.
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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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Deutsche Bank says Glencore may weigh listing move to US
Glencore Plc may consider switching its primary listing from London to New York, analysts at Deutsche Bank AG predicted, in what would be the most high-profile exit from the UK exchange to date.
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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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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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Chile needs to finalize more lithium plan details to spur investment
The Chilean government’s new plan to usher in private investment at a number of the country’s lithium salt flats may stumble over unresolved details that will raise concerns for investors, mining executives and analysts said on Wednesday.
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Cocoa is more expensive than copper as it tops $9,000
Cocoa extended its surge — gaining more than $700 per ton in a single day and surpassing $9,000 for the first time ever — as a supply crunch grips the market and chocolate makers grapple for beans.
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Iron ore price edges higher on hopes of China’s demand recovery
Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and Beijing’s pledge to support its struggling property market.
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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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Iron ore price set for weekly gain on prospects of improving China demand
Iron ore futures were mixed on Friday, but set for a weekly gain on mounting anticipation of a pick up in demand in top consumer China amid signs of improving steel consumption.
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Activist Tribeca asks Glencore to move main listing to Sydney
Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial Times reported on Wednesday.
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Core Lithium CEO steps down following strategic review
Core Lithium produced 49,529 tonnes (t) of spodumene concentrate during the first half of the 2023–24 financial year (H1 FY24), amid the global lithium downturn and the resignation of its chief executive officer (CEO).
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Perseus extends OreCorp takeover bid to April
Australia’s Perseus Mining is not giving up on its plans to acquire African gold developer OreCorp, releasing on Friday a second supplementary bidder’s statement that extends its off-market offer to April 19.
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New US sanctions more likely to curb Indian imports of Russian coal
New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said.
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Bearish demand expectations challenge iron ore’s price resilience
Iron ore prices, long resilient despite China’s gloomy economic outlook, have tumbled since the end of the Lunar New Year holiday, sparking concerns around faltering demand and denting mining stocks in top producer Australia.
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Rio Tinto gets $13 million from Canada to decarbonize iron ore processing
Rio Tinto said on Monday that the Canadian government had awarded it C$18 million ($13 million) to decarbonize iron ore processing in Labrador West.
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BMO bankers sent each other crude memes before they were fired
Junior bankers who were recently fired from Bank of Montreal’s metals and mining group used work-sharing platforms to circulate crude jokes and at least one obscene image, which were discovered during an internal investigation after another employee complained, according to people with knowledge of the matter.
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Iron ore price slides to 4-month low on higher China inventories, slow construction
Iron ore futures tumbled on Monday to their lowest level in four months as higher inventories in key buyer China and slower construction activity due to unfavourable weather raised demand concerns.
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Iron ore boom of the 2000s repeating – this time with critical metals
A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.”
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Gold Fields eyes rapid ramp-up at new Chile mine, lifts output forecast
South Africa’s Gold Fields on Thursday raised its 2024 gold output forecast to between 2.33 million and 2.4 million ounces, saying it expects a rapid production ramp-up at its new Salares Norte mine in Chile, which comes online in April.
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