February 13, 2023

Commodities risk lurking in ESG funds now too big to ignore

Analysts estimate that the path to net zero may require digging up 5.2 billion metric tons of metals through 2050, which may be worth as much as $10 trillion.

February 13, 2023

De Beers diamond deal threatened as Botswana says it’s ready to walk away

Botswana President said his government is prepared to walk away from negotiations if he’s not satisfied with the division of revenues.

February 12, 2023

ArcelorMittal warns on steel demand as China seen flatlining

Whether China will recover strongly after lifting tough coronavirus restrictions has been the key question for commodities markets.

February 12, 2023

Freeport Indonesia suspends some work at Grasberg mine after floods

The situation was under control, but the company gave no estimate of when operations would resume.

February 10, 2023

Teck fined over $11 million for failing to build water treatment facility in British Columbia

The Ministry of Environment and Climate Change Strategy ordered Teck Coal to construct and operate facilities by December 2018.

February 10, 2023

Trafigura tells its banks they aren’t exposed to nickel fraud

Trafigura is briefing lenders that none of its banks have direct exposure to the nickel deals linked to systematic fraud.

February 10, 2023

Nornickel 2022 core profit down as sales drop

Nornickel is the world's largest producer of palladium and refined nickel.

February 10, 2023

Vale Indonesia breaks ground on $2.5 billion ferronickel smelter

The Bahodopi project will produce ferronickel with 73,000-80,000 tonnes of nickel content per year, Vale said.

February 10, 2023

Panama says negotiations with First Quantum making headway

The main bone of contention centres on taxes and royalties the Canadian miner should pay to the government.

February 9, 2023

MMG secures supplies to continue copper production at reduced rate in Peru

At normal times, the Las Bambas mine accounts for some 2% of the global supply.