October 2, 2013

Rio Tinto to sell closed Blair Athol coal mine

Talks with Linc Energy Ltd are said to be at an advanced stage and an agreement may be announced as soon as tomorrow.

September 18, 2013

Rio and Chalco abandon bid for $20bn bauxite deposit in Australia

The move surprised investors, especially since Chalco had previously held the lease and was willing to develop the resource.

August 23, 2013

BHP Mackenzie tightens senior executives’ belts: cuts bonuses, gives up shares

He won't be getting his full sign-on award shares worth US$1.5 million.

August 14, 2013

Goldman Sachs subpoenaed in metal prices investigation

The CFTC is looking into claims that the warehouses intentionally increased buyer costs by slowing the movement of supply.

August 9, 2013

Lawsuits against Goldman, JPMorgan, Glencore Xstrata pile up

Cases against big banks to expose role played by the London Metal Exchange, say experts.

August 8, 2013

Glencore Xstrata sues Jamaica-owned firm over alumina shipments

Commodities trader claims Jamaica firm won't send the alumina it still owes Glencore due to a new agreement with another firm.

July 29, 2013

Banks, metal warehouses and the ‘dark inventory’ game

FT's John Gapper writes: "This abrupt integration of metals trading and storage echoes how banks piled into subprime mortgages before the 2008 crisis."

July 20, 2013

US Fed to review Wall Street banks metals business

US central bank reconsidering 2003 determination allowing banks to move into mining, processing, transportation and warehousing of metals and minerals.

July 13, 2013

Rio Tinto finds a taker for money-losing aluminum plants

About 500 jobs will be saved.

July 4, 2013

Starved for jobs, Europe shifts attitude towards mining

"Growing resource nationalism in many parts of the world makes Europe more attractive from a political risk point of view."