Tussle over $5 billion wages a new risk to India coal supply
Workers are seeking a 47% increase in wages, while Coal India has offered a 3% raise.
Latest Stories
Posco to invest $136 million in Mexican plant by 2030
Posco will start construction on the plant on Wednesday, with an initial price tag of $43 million.
Copper price lowest since November 2020 on economic slowdown worries
Prices extended decline as aggressive interest rates, a spike in covid-19 cases in China, potential recession, and rising inventories weighed on investor sentiment.
South Africa’s 400 abandoned coal mines pose deadly, toxic risk
The sites threaten to pollute rivers and land by leaching acidic water, while posing a safety risk as access isn’t secured, according to Human Rights Watch.
Europe snaps up coal from abroad to fill gap left by Russia
Helping to fill the gap is more coal from the US, Colombia, and Australia.
Bank of England takes deep dive into ‘opaque’ commodities
Big UK banks have up to 50% of their total core capital of gross exposure to commodity producers, suppliers, and traders, and to commodity derivatives.
Congo administrator orders China’s CMOC to stop exports from Tenke cobalt mine
An industry source and a civil society source told Reuters that exports were continuing as normal, despite the order.
Newmont hands $70 million to Peñasquito mine workers
The uncapped profit-sharing bonus of up to 10% supports the continued operation of Peñasquito, Newmont said.
Earth’s mineral diversity 75% greater than previously thought
Two papers published in American Mineralogist and sponsored in part by NASA help reconstruct the history of life on earth and guide the search for new minerals and ore deposits.
