July 9, 2019

CHART: Make money in resources? Invest privately

Private capital invested in natural resources a decade ago returned 41% – S&P Natural Resources Index hardly broke even.

July 9, 2019

Brazil court convicts Vale for damages caused by deadly dam rupture

Judge Elton Pupo Nogueira ruled that Vale is responsible for fixing all the damages, although he did not set a monetary value for compensation.

July 8, 2019

Brazil to auction mining rights for about 1,000 areas this year

Brazil has a backlog of more than 20,000 areas where mining rights expired or were otherwise lost by their previous holders, equivalent to roughly 10% of the areas with pending…

July 8, 2019

That giant asteroid of gold won’t make us richer

The 16 Psyche and other asteroids will probably be mined for their metals. But once they start hitting the market in large quantities, they’re unlikely to be precious for much…

July 5, 2019

Iron ore price craters 6%

China's powerful iron and steel industry body wants Beijing to "maintain normal market order".

July 4, 2019

ArcelorMittal removes 30 families from area close to dam in Brazil

The move was a precautionary action after it ran a new risk evaluation of a dam close to the mine.

July 4, 2019

Iron ore ‘disconnected from fundamentals’ after huge rally

The commodity’s rally has been so strong it’s triggering warnings that the gains have taken the market beyond fundamental drivers and prices are likely set for a pullback.

July 3, 2019

Brazil mining trade group slams Senate royalty proposals

The Senate panel asked for implementation of a 40% royalty charge on high-yield mines and recommended the indictment of several Vale executives.

July 2, 2019

Vale CFO should face criminal indictment for dam, panel says

Vale’s attempt to reduce costs resulted in heightened tolerance for risks, according to the report.

July 2, 2019

Alcoa’s workers accept offer, ‘exhausted’ from 18-month dispute

Alcoa last week said it expects the smelter to be fully operational within 10 months if the offer was accepted.