April 30, 2022

Congo backs billionaire Gertler’s bid to end US sanctions

Gertler will return assets worth billions of dollars to the State in exchange for the reimbursement of expenses and Congo’s assistance.

April 29, 2022

Iron ore price up as China vows to step up economic support

A Politburo meeting chaired by President Xi Jinping said China would adopt a package of policies to help pandemic-hit industries.

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

Champion Iron Q4 production drops 7% due to lower head grade, throughput

During Q4, the Bloom Lake operation produced 1.87 million tonnes of high-grade 66.2% iron concentrate.

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 27, 2022

Vale first-quarter net profit falls 19.6%, but beats expectations

Vale cited lower sales of iron ore fines and pellets due to an intense rain season in top mining state Minas Gerais.

April 27, 2022

Vale unveils ‘massive’ buyback program amid iron windfall

The program represents around 10% of Vale's outstanding shares.

April 27, 2022

Column: Global miners rank ESG as their top concern. Really?

Not one of the biggest listed Western mining companies has an executive with the title of chief ESG officer, writes Clyde Russell.

April 26, 2022

Iron ore price up as China vows to support economy

“Policy may be the salvation for China’s iron ore demand this year,” said Commonwealth Bank of Australia.

April 26, 2022

Column: China-exposed commodities take a covid-control tumble

The ongoing lockdowns, with Shanghai now entering its fourth week, have eroded confidence in China's covid-19 policy, writes Clyde Russell.