October 5, 2023

Anglo CEO says miners must make “tough decisions” to remain profitable

Duncan Wanblad said on Thursday mining companies have to confront tough decisions such as cutting costs as weak metal prices hit earnings.

October 4, 2023

Spotlight still on Vedanta $3 billion debt despite spinoff plan

While equity investors gave the demerger plan a thumbs up, Vedanta’s dollar bonds have tumbled.

October 4, 2023

Heads to roll at Anglo American head offices

The mining giant has begun at Kumba Iron Ore, where 181 workers got notices and 141 jobs are expected to be cut.

October 3, 2023

‘Evenly balanced’ risks means lower commodity prices, but robust volumes

The overall message from the Australian government's commodity outlook is that evenly balanced risks translates into still robust volumes, but at lower prices.

October 3, 2023

Rio’s latest rock shelter damage highlights need for Aboriginal voice, advocates say

Rio Tinto, which did not make a public statement for seven weeks, said it was sorry for the incident.

October 1, 2023

Big Oil, heavy industry discuss emission curbs ahead of COP28

The gathering brought together CEOs from more than 50 companies from the oil and gas sector and the aluminum, steel and cement industries.

September 30, 2023

Venezuela, Jindal Steel to sign deal on iron ore mill

Venezuela’s government and Jindal Steel have signed an agreement for the Indian company to run the country’s largest iron-ore-producing plant.

September 29, 2023

Vedanta to split business into six listed companies

The metals-to-oil Indian conglomerate seeks to boost growth amid a financial performance decline by parent company Vedanta Group.

September 28, 2023

Iron ore price rises as output in Chinese steel mills hits highest since October 2020

Daily hot metal output among 247 steel mills surveyed by Mysteel climbed to the highest level since October 2020.

September 27, 2023

Vedanta preparing to de-merge sprawling operations

Shares in Vedanta Ltd. have fallen by more than a fifth over the past 12 month.