Caterpillar warns of weaker China demand as lockdowns bite
The company’s first-quarter results Thursday showed China sales and demand slumping, even as other businesses including mining and construction improved.
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High prices set to dent gold sales in India
Sales slumped 18% from a year earlier and imports plummeted by more than half in the January-to-March period as prices surged.
Vedanta doles out $1.5 billion dividend in relief for parent
Separately, Vedanta Resources announced a tender offer to buy back as much as $500 million of its dollar notes due in July.
Rubio questions Volkswagen’s ties to metal suppliers in China over human rights
The probe is part of a broader debate over humanitarian issues in supply chains for materials needed in clean energy technology.
Peabody sinks after taking $301 million charge on coal hedge
Chief executive officer Jim Grech said strong global market dynamics will continue to favour its products.
SEC sues Vale for false claims tied to Brumadinho dam collapse
The SEC’s complaint, filed in federal court in Brooklyn, is seeking civil penalties, ill-gotten gains plus interest.
Champion Iron Q4 production drops 7% due to lower head grade, throughput
During Q4, the Bloom Lake operation produced 1.87 million tonnes of high-grade 66.2% iron concentrate.
One by one, mega miners show why metals supply is so squeezed
Glencore Plc is the latest giant miner to pare back production forecasts, in what’s turning out to be a difficult start to the year for companies.
China cuts coal import tariffs to zero to increase supply
China’s coal imports are down 24% through the end of March this year as global prices have soared.
