February 21, 2020

BP slammed for lofty climate change ambition, Rio ignored for small step

Two major resource companies made two very different announcements recently, both on the theme of addressing climate change.

February 21, 2020

Internal probe confirms Vale knew Brumadinho dam was unsafe

The iron ore giant was aware of the facility’s fragile condition from 2003.

February 20, 2020

Vale posts $1.7 billion loss for 2019

Company reported a $1.56 billion net loss in the fourth quarter.

February 20, 2020

Anglo American boosted by strong precious metals

BMO, Jefferies and RBC Capital Markets said Anglo remained their top pick among global miners.

February 19, 2020

South Africa could use mining royalties to set up sovereign fund

Many analysts are sceptical about the government idea, given that South Africa's mining industry is in decline.

February 18, 2020

Alderon Iron adds Chinese partner to Kami mine

Tunghsu will be the second Chinese partner for the proposed western Labrador iron ore mine.

February 18, 2020

Fortescue profit spikes on iron ore price jump, but dividend seen conservative

The miner declared an interim dividend of A$0.76 per share, up from A$0.19 per share last year.

February 18, 2020

Rio to build $98-million solar plant at Koodaideri

The plan includes a lithium-ion battery energy storage system that would help power the miner’s entire Pilbara power network.

February 18, 2020

South Africa’s Kumba Iron annual earnings rise on higher ore rates

The company said it expects to produce between 41.5 million tonnes and 42.5 million tonnes of iron ore in 2020.

February 17, 2020

China’s metal exporters face order cancellations, damage claims amid virus

Companies have informed Chinese suppliers they are not accepting deliveries.