Mining news

• Glencore traded thousands of tonnes of Russian copper through Turkey

  26-09-2023 06:00 via ft.com
  Shipments via third countries obscure Europe’s true reliance on Russian commodities
  
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• India’s dream of green energy runs into the reality of coal

  25-09-2023 06:00 via ft.com
  The fossil fuel accounts for around three-quarters of power generation and demand is expected to grow, despite an ambitious renewables plan
  
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• Metals industry grapples with fraud wave

  22-09-2023 06:00 via ft.com
  
  Revelations of scams targeting Aurubis and Trafigura are only the latest in a sector plagued by scandal
  
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• US climate chief rails at Asian coal as geopolitical tensions shadow UN summit

  21-09-2023 23:48 via ft.com
  John Kerry expresses frustrations at fossil fuel-reliant countries and companies
  
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• CIL invests in eco-friendly coal transportation

  20-09-2023 13:30 via worldcoal.com
  
  In a push towards eco-friendly coal transportation, Coal India Limited (CIL) has planned a capital investment in 61 first mile connectivity (FMC) projects.
  
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• G7 governments to announce bans on Russian diamond imports

  15-09-2023 19:17 via ft.com
  Proposals would reshape global market for the precious stones, but implementation will divide industry
  
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• Uranium: glowing with the flow works for bulls

  15-09-2023 18:32 via ft.com
  If prices rise much higher, miners should be encouraged to lift output
  
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• Tungsten West warns of insolvency risk in race to secure UK permits

  14-09-2023 14:44 via ft.com
  Failure to resolve crisis would have ‘serious implications’ for government minerals strategy, says chief
  
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• Backbone of the Nation — the miners’ strike that divided Britain

  14-09-2023 12:00 via ft.com
  Robert Gildea’s oral history gives voice to the communities left scarred by the often violent industrial dispute of 1984-85
  
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• UK rare earth producer pivots to EU and US

  13-09-2023 06:00 via ft.com
  Less Common Metals applies brakes in home market after Brexit stymies exports to mainland Europe
  
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• Allied Gold bypasses London for North American listings

  12-09-2023 17:57 via ft.com
  More precious metal miners are turning away from UK capital’s stock exchange
  
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• Zanrunix Highveld Collieries signs letter of commitment

  12-09-2023 14:00 via worldcoal.com
  
  Zanrunix Highveld Collieries has joined the Bettercoal Assessment Process and started its journey towards becoming a Bettercoal Producer by signing its Letter of Commitment.
  
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• UK scientists call on Sunak to back deep-sea mining ‘moratorium’

  12-09-2023 05:00 via ft.com
  Letter expresses concerns about the nascent industry’s environmental impact
  
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• Fortescue: brown companies suffer from green fatigue

  11-09-2023 17:10 via ft.com
  Biggest capital project the world has ever seen cannot be left to start-ups
  
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• Iron ore billionaire clashes with executives over Fortescue’s green future

  11-09-2023 02:30 via ft.com
  Founder Andrew Forrest urges investors to keep faith as tensions emerge over decarbonisation
  
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• Fortescue wrestles with executive exodus as unease grows over green strategy

  11-09-2023 02:30 via ft.com
  Founder Andrew Forrest urges investors to keep faith as tensions emerge over decarbonisation
  
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• Teaching case: Digging into the ethics of cobalt mining

  10-09-2023 19:00 via ft.com
  
  As demand grows for the material used in batteries, this MBA-style case study explores ethical dilemmas over unregulated mines in the Democratic Republic of Congo
  
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• BlackRock breaks with Glencore over environment policy

  10-09-2023 06:00 via ft.com
  Latest filings show two top 10 shareholders voted against Swiss miner’s climate plan
  
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• Glencore to expand DRC exposure as it pushes into lithium

  08-09-2023 22:30 via ft.com
  The deal means the trading giant will be able to choose which clients receive the vital metal
  
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• Bathurst increases Canadian and steel making coal exposure

  07-09-2023 14:00 via worldcoal.com
  
  Bathurst Resources has entered into an agreement to purchase the assets of the Tenas Coking Coal Project, comprising the Telkwa Metallurgical Coal Complex, from Telkwa Coal.
  
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• Miners’ hunt for copper takes Barrick to Pakistan’s western frontier

  06-09-2023 03:00 via ft.com
  Reko Diq has potential to be one of world’s biggest suppliers of metal needed for energy transition
  
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• Miners’ hunt for copper takes Barrick to Pakistan’s far frontier

  06-09-2023 03:00 via ft.com
  Reko Diq has potential to be one of world’s biggest suppliers of metal needed for energy transition
  
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• Vedanta to take back ownership of Zambian copper mine

  05-09-2023 18:59 via ft.com
  Indian group to invest $1bn over 5 years to revive KCM after it struggled under state ownership
  
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• Bravus’ traineeship programme to empower First Nations communities

  05-09-2023 17:00 via worldcoal.com
  
  Bravus Mining and Resources has joined with key contractor partner DRA Global to accelerate the development, training, and employment of First Nations peoples in central Queensland.
  
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• Albemarle/Liontown: US lithium producer willing to pay up down under

  04-09-2023 16:36 via ft.com
  If the chemical group’s bid for the Australian company goes ahead, it will be one of the biggest lithium mining deals to date
  
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• Caterpillar celebrates 130 years of earthmoving in South Milwaukee

  31-08-2023 16:00 via worldcoal.com
  
  Caterpillar is celebrating 130 years of earthmoving in South Milwaukee, harkening back to the original Bucyrus Steam Shovel and Dredge Company manufacturing facility built in 1893.
  
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• Big investors seek damages from Glencore over ‘untrue statements’ in prospectuses

  31-08-2023 06:00 via ft.com
  Asset managers’ legal action follows trading house’s guilty pleas to bribery and corruption last year
  
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• IEEFA: Cost inflation underlines thermal coal miners’ fragile profits and financing risks

  29-08-2023 13:30 via worldcoal.com
  
  Andrew Gorringe, Coal Sector Energy Finance Analyst, IEEFA, has published key findings relating to recent Australian thermal coal trends.
  
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• Australian miner Fortescue’s chief abruptly resigns

  28-08-2023 06:59 via ft.com
  Fiona Hicks departs company less than 6 months after taking on role
  
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• Synthetic diamond sales sparkle but oversupply delivers ice burn

  25-08-2023 22:00 via ft.com
  Man-made competition hurts price of natural stones, though fears of bankruptcy mount among lab-grown producers
  
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• RWE builds further solar-storage plant at Hambach lignite mine

  25-08-2023 12:00 via worldcoal.com
  
  RWE has commenced construction of a photovoltaics plant with integrated battery storage system at the Hambach lignite opencast mine.
  
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• Serious Fraud Office drops ENRC case after 10-year investigation

  24-08-2023 19:07 via ft.com
  UK agency also shuts other probes including corruption inquiry into Rio Tinto
  
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• The countdown is on to AIMEX

  23-08-2023 11:00 via worldcoal.com
  
  There are just over two weeks to go until thousands of attendees converge on Asia Pacific’s International Mining Exhibition (AIMEX) as it returns to Sydney Showgrounds.
  
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• BHP: miner steels itself for Chinese economic downturn

  22-08-2023 16:44 via ft.com
  The iron ore and copper dependent group’s dividend largesse cannot hold out forever
  
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• BHP profits fall 37% as miner flags China uncertainties

  22-08-2023 07:03 via ft.com
  Australian group slashes dividend after a year of lower commodity prices and inflationary pressures
  
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• Thungela: rail fails transport miner from ignition to ignominy

  21-08-2023 17:47 via ft.com
  South Africa’s pitiful record of neglecting its infrastructure blights share’s valuation
  
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• Whitehaven releases June 2023 production report

  21-08-2023 12:30 via worldcoal.com
  
  Whitehaven Coal has published its June 2023 Quarter Production Report, highlighting its success delivering on its overall FY23 guidance for production and sales.
  
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• Ukraine war thrusts fertiliser minerals to centre of food security debate

  21-08-2023 05:00 via ft.com
  Prices are back at prewar levels but mining companies are expanding production in anticipation of rising demand
  
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• Gold miner Polymetal lines up buyers for its Russian assets

  20-08-2023 06:00 via ft.com
  A sale would be a rare case of navigating a web of Kremlin restrictions and western sanctions
  
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• NORDEN and Teck announce emission reduction freight contract

  18-08-2023 13:00 via worldcoal.com
  
  NORDEN and Teck Resources Ltd have announced an agreement to reduce CO2 emissions in Teck’s steelmaking coal supply chain.
  
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• US government-backed start-up on course to become mining unicorn

  15-08-2023 06:25 via ft.com
  TechMet set for $1bn valuation in boost to west’s challenge of China’s dominance in critical minerals sector
  
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• Barrick chief slams ‘myopic’ western funds for focusing on quick returns

  15-08-2023 06:00 via ft.com
  Mark Bristow praises Saudi Arabia for showing interest in Pakistan copper and gold mine in province riven by violence
  
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• Coal’s Gambit

  14-08-2023 16:00 via worldcoal.com
  
  SPECIAL REPORT: Ryan Driskell Tate and Tiffany Means, Global Energy Monitor, USA, provide a survey of the world’s coal mining projects.
  
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• Zambia’s plan to dig its way out of debt with a copper revival

  13-08-2023 06:00 via ft.com
  With its former mining capital in disrepair, the central African nation is seeking new investment to help reverse its past mistakes
  
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• Investors’ Chronicle: Hill & Smith, IWG, Glencore

  11-08-2023 19:00 via ft.com
  Companies analysis from our sister publication
  
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• Countries must unite to stave off the threat of a deep-sea resource grab

  10-08-2023 18:28 via ft.com
  Advocates of extracting minerals from the depths argue that the green transition will be impossible without it
  
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• American Resources agrees to sell Deane Mining Complex assets

  10-08-2023 13:30 via worldcoal.com
  
  American Resources Corp.’s American Carbon subsidiary has agreed to sell certain assets associated with the company’s Deane Mining Complex.
  
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• Cornish Lithium secures investment from UK Infrastructure Bank

  08-08-2023 14:07 via ft.com
  Move boosts Britain’s hopes of creating domestic mining industry for metal vital in electric car transition
  
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• Contango installs weighbridge at Muchesu Coal Project

  08-08-2023 13:00 via worldcoal.com
  
  Contango Holdings Plc has confirmed that the installation of the weighbridge at the Muchesu Coal Project has been completed and is now fully operational.
  
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• Glencore profits halve as commodity prices retreat

  08-08-2023 09:01 via ft.com
  Mining and trading group lifts return to shareholders as profits fall from record level
  
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