Sumitomo Metal raises FY profit forecast on higher prices
Company increased its forecasts for full-year net profit and dividend thanks to stronger-than-expected prices of nickel, copper and gold.
Latest Stories
Microsoft calls for ‘coalition’ to improve Congo’s informal cobalt mines
Microsoft executives visited an artisanal cobalt mine in Democratic Republic of Congo in December.
Glencore reopens Peru copper mine with extra security
Antapaccay, one of Peru's largest mines, remained shut for 11 days on security concerns following violent attacks by locals.
Fortescue inks deal for Gabon iron ore mine; project to start mid 2023
Fortescue has been assessing the Belinga iron ore project since 2018.
Miners face too many woes in emerging markets, Alamos CEO says
Panama’s tax dispute with First Quantum underscores increasing political risks mining companies face in some regions, CEO John McCluskey says.
Congo’s president wants new exploration for green energy metals
“The goal is to discover new deposits that can be the subject of calls for bids, with a view to concluding mutually profitable public-private partnerships,” Felix Tshisekedi said.
UK provides model for LME response to US aluminum tariffs
When the UK imposed tariffs on Russian metal last year, the LME responded by banning new deliveries of Russian metal into its warehouses in the UK.
Anglo CEO warns extreme weather threatens global mine supplies
The mining industry has been struggling to hit production targets, hurt by everything from floods and droughts to creaking infrastructure and political instability.
Brazil mineral output falls 12% in 2022 – industry group
The local mining industry total revenue plunged 26% last year.
