Sandvik upbeat on outlook after meeting profit expectations
The Swedish company reported record quarterly orders in its mining equipment business, which accounts for almost 40% of sales.
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Australia’s NSW government to buy out China Shenhua coal mine permit
Farmers have opposed the mine since it would be on prime agricultural land that could impact the region's water table and local Aboriginal people are against the development because it would disturb important cultural sites.
The stampede to exit coal is a worrying harbinger for LNG: Russell
It's possible the present rush for the exit from coal will be matched by major oil and gas producers making a similar dash to get out of LNG in a few years time.
Chinese aluminum smelters forced away from captive coal-fired power — report
According to Wood Mackenzie, China’s march towards carbon neutrality is forcing its aluminium smelters away from using captive coal-fired power.
Vale buys Mitsui’s stake in Moatize amid plan to exit coal
Vale is buying the 15% interest in the Mozambican mine held by Japanese trading company for a token fee of $1.
Indonesian gold miner Archi postpones $500 million IPO
The gold miner, a unit of Indonesian conglomerate Rajawali Group, made the decision after gauging demand for the Jakarta IPO last month.
Alamos Gold seeks $1bn from Turkey over stalled Kirazli project
Its Kirazli gold project has been halted since 2019 following protests and the expiration of the mining permit.
Lynas revenue jumps 21% as rare earth prices hit new records
"While the persistence of the COVID crisis, especially in Europe, calls for careful forecasts for our business ahead, we see the rare earth market recovering very quickly," the world's largest rare earths producer outside China said.
Vale production disappoints again, adding fuel to iron ore price rally
Vale’s iron ore output totaled 68 million tonnes in 1Q21, 14.2% higher than in 1Q20, but down 5.5% compared to the 72 million tonnes average analyst estimate.
