April 28, 2022

Rusal executives to buy out US aluminum unit, rename it

The new company will continue to selling Rusal’s metal.

April 28, 2022

Could bacteria replace chemicals in mining?

Some types of bacteria can “loosen up” rocks to release metals and minerals, making them easier to crush and grind.

April 28, 2022

Vale takes hit from nickel hedging amid record price spike

Miner renewed its nickel hedging program in 2022 to protect against huge price swings, but ended up losing out on $75 million in potential gains from the metal’s unprecedented rally.

April 28, 2022

Vedanta doles out $1.5 billion dividend in relief for parent

Separately, Vedanta Resources announced a tender offer to buy back as much as $500 million of its dollar notes due in July.

April 28, 2022

Peabody sinks after taking $301 million charge on coal hedge

Chief executive officer Jim Grech said strong global market dynamics will continue to favour its products.

April 28, 2022

SEC sues Vale for false claims tied to Brumadinho dam collapse

The SEC’s complaint, filed in federal court in Brooklyn, is seeking civil penalties, ill-gotten gains plus interest.

April 28, 2022

One by one, mega miners show why metals supply is so squeezed

Glencore Plc is the latest giant miner to pare back production forecasts, in what’s turning out to be a difficult start to the year for companies.

April 28, 2022

Lynas races to keep up with global rare earths demand

The company is in talks with governments eager to beef up access to rare earths outside China.

April 28, 2022

Glencore hails trading unit outlook, cuts copper guidance

It said earnings from its marketing unit will “comfortably” top the highest end of its guidance range of $2.2 billion to $3.2 billion.

April 27, 2022

Newcrest quarterly gold output jumps 10% as Cadia production soars

Production at the flagship Cadia gold mine in New South Wales soared 30% sequentially.