Coal shortage deepens in India amid plunging plant inventories
Stockpiles have fallen to the lowest since November 2017, data from the Central Electricity Authority showed.
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Dynasty Gold exercises option on Teck’s Thundercloud project
Potential discoveries for Thundercloud include bulk-tonnage orogenic gold mineralization or high-grade deposits.
Appian Capital in talks to sell Atlantic Nickel for $1bn
Teck Resources has been cited as one of the likely buyers for the Santa Rita open pit nickel-cobalt mine.
Iron ore price up despite Chinese power curbs
China’s massive industrial base has been wrestling with sporadic jumps in power prices and usage curbs since March.
Hudbay reaches agreement with unions in Manitoba
Hudbay has now completed the collective bargaining process with all of its unions in Manitoba.
China to auction another 150,000 tonnes of state metal reserves on Oct 9
In the fourth round of metal auctions this year, the administration will sell off 30,000 tonnes of copper, 50,000 tonnes of zinc and 70,000 tonnes of aluminum.
Nickel price tumbles on China’s power crunch
Residents in several northern provinces have already been dealing with blackouts, while traffic lights are being turned off.
Power costs could force metal producers from Europe – Eurometaux
Governments across Europe are coming under pressure to help curb soaring energy costs for companies and households caused by a global surge in wholesale gas prices.
South Africa miners back gradual move away from coal-fired power
About 60% of the country’s $302 billion economy is reliant on energy produced from coal.
