Vale to sell Moatize coal mine to Vulcan for $270 million
Deal includes the Nacala logistic corridor, a port and rail project connecting the mine to the port of Nacala.
Latest Stories
Global nickel supply could increase by 20% in 2022 – report
The Global Palladium Fund expects the surplus to be concentrated in low-grade nickel pig iron (NPI) and to depend heavily on an expected increase in supply from Indonesia materializing.
Noront picks Wyloo’s latest offer, BHP won’t match
At stake is the takeover target’s early-stage Eagle’s Nest nickel and copper deposit in the ‘Ring of Fire’ in northern Ontario.
Coal miners urge Manchin to rethink opposition to spending bill
America’s biggest coal mining union is calling on West Virginia Senator Joe Manchin to reconsider his opposition to President Joe Biden’s $2 trillion social and climate spending bill.
Commodities to veer between China hopes, pandemic fears
If 2021 was a year of volatility and uneven performances for commodities, then 2022 is shaping up as a rinse and repeat as uncertainty over the recovery from the coronavirus pandemic remains, writes Clyde Russell.
Lundin Mining to acquire Josemaria Resources for $483 million
Lundin is taking Josemaria's namesake copper-gold project in San Juan, Argentina.
Lundin slumps after deal to buy copper-gold project in Argentina
Lundin Mining fell the most since March after it agreed to acquire Josemaria Resources for C$625 million.
Newmont raises $1bn through mining industry’s first sustainability linked bond
The financing is linked to the gold miner’s ESG (environmental, social and governance) performance – specifically its carbon emissions and its commitment to promote more women into senior roles.
Las Bambas not mulling legal action for now as Peru blockade continues
The current blockade has been in place since November 20 by residents of Chumbivilcas province.
