Glencore strikes one of Japan’s most expensive ever coal deals
Nippon Steel agreed on an annual supply deal through March with Glencore for power plant coal at $375/t.
Latest Stories
Grupo Mexico’s Q2 net profit falls 40.5%, copper production hit by Peru’s protests
Grupo Mexico's second-quarter net profit was $611 million, down from the $1.03 billion from the year-ago period.
Glencore sells Yancoal Australia stake in $293m block trade
The sale comes almost a month after Glencore and other shareholders rejected an offer by China's Yankuang Energy to buy the remaining 37.7% of shares in Yancoal.
Rio Tinto slashes dividend as profits take a hit; shares tumble
Rio Tinto reported a 29% drop in first-half profit and more than halved its dividend on Wednesday.
Teck Resources boss to leave after 17 years at top job
Don Lindsay, who will leave by the end of September, led a number of large deals during his time at Teck, but also received criticism from investors over his pay and performance.
How a lake and a volcano produced a rare mineral on Mars
Researchers have figured out how tridymite formed in Mars’ Gale Crater.
Lucapa finds giant pink diamond said to be Angola’s largest in 300 years
The 170-carat pink diamond, named the “Lulo Rose”, will be sold later this year through an international tender.
Brazil central bank recruited to save Amazon from illegal mining
Central bank chief Roberto Campos Neto has pledged to look into ways to improve supervision of bank-authorized buyers.
Botswana president sees progress on diamond pact with De Beers
Botswana and De Beers are working out the “finer” details of a new diamond sales pact.
