Coal’s fading crown to get Indian polish as demand stagnates
Coal may have fallen out of favor in North America and Europe, but India and other Asian nations ensure the dirtiest fossil fuel continues as energy supply.
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Russia’s Nornickel opens $2.5 bln credit line for refinancing
The proceeds will be used for refinancing existing debt, financing capital expenditure and general corporate purposes.
Gold miner Avocet to sell Burkina Faso assets
The sale is part of a larger restructuring involving Avocet's overdue loans totaling $28.7 million.
ArcelorMittal South Africa paying first fine instalment in parts
ArcelorMittal South Africa, which has agreed to pay a 1.5 billion rand ($116.85 million) fine for colluding to fix steel prices in five instalments.
Rio Tinto to retrofit Pilbara trucks for autonomous handling
Mining giant Rio Tinto Ltd said it plans to expand its fleet of autonomous trucks operating in Australia’s Pilbara iron-ore region, part of a cost-cutting program across its operations.
Newcastle: world’s biggest coal export port announces shift away from coal
Newcastle, the world’s largest coal export port, must “urgently” diversify its traffic, the port’s incoming chairman has said, warning that the “long-term outlook for coal is a threat to the port”.
A real Downer: Adani to go it alone on Carmichael
Indian conglomerate cancels $2.6-billion contract with Downer Group.
Copper jumps to 3-week high
Benchmark copper on the LME settled up 1.4% to US$6,886 a tonne.
Alamos establishes 1.6M ounce reserve base at Manitoba mine
Alamos Gold (TSX,NYSE:AGI) has come out of the gate with an impressive feasibility study conducted on its Lynn Lake Gold Project in Manitoba.
