June 21, 2022

Glencore unit pleads guilty to bribery in Africa

Glencore Energy admitted to paying more than $28 million in bribes to secure preferential access to oil in five countries.

June 20, 2022

Civil society group flays diamond watchdog over Russia stalemate

The United States and Britain have imposed sanctions on Russia's Alrosa, the world's largest producer of rough diamonds, which accounted for around 30% of global output last year, and is…

June 20, 2022

Brazil steelmaker CSN drafting bid for miner Samarco

An agreement may not be easy, according to Reuters sources, due to Samarco's liabilities related to its 2015 disaster in the city of Mariana.

June 20, 2022

Vedanta selling halted copper smelter, four years later

The southern Indian state of Tamil Nadu closed it in 2018 after 13 people died when police opened fire on protesters.

June 20, 2022

Top three Aussie miners to shed $11bn in market value as commodity rout accelerates

BHP and Rio Tinto are trading at a one-month low, while Fortescue is at a three-month low.

June 19, 2022

Guinea gives Simandou iron ore mine developers 14-day deadline

Guinea has grown increasingly impatient with the companies that control the giant Simandou deposit.

June 19, 2022

Codelco unions ready strike after troubled Chile smelter shuttered

Unions had threatened to strike for the past week if the Codelco board did not invest to upgrade the Ventanas smelter.

June 17, 2022

Congo miner threatens to seize cobalt project from Chinese partner

Gecamines, which owns 20% of the Tenke Fungurume mine, has accused CMOC of manipulating the project’s finances.

June 17, 2022

Friedland’s Ivanhoe Electric seeks as much as $180 million in IPO

The stock is expected to trade on NYSE America and on Canada’s Toronto Stock Exchange.

June 17, 2022

Iron ore price hits six-month low on plunging China steel margins

Chinese steel mills are opting to reduce output amid weak profits and deteriorating demand prospects.