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.
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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.
Top bid for lithium up 140% after Musk’s ‘insane levels’ call
Pilbara Minerals Ltd.’s auction of spodumene concentrate attracted a top bid of $5,650 a ton on Wednesday.
Nyrstar to invest $284m in zinc electrolysis plant in Australia
The investment includes funding of A$50 million from the Federal Coalition and A$20 million from the Tasmanian government.
Lynas races to keep up with global rare earths demand
The company is in talks with governments eager to beef up access to rare earths outside China.
Eramet raises profit target as metal prices outweigh costs
The company reported first-quarter sales of 1.2 billion euros, up nearly 80% from a year earlier.
