Copper price falls amid rising exchange inventories
Copper inventories in LME warehouses have risen 67% so far in March to 123,800 tonnes, their highest since Dec. 16, 2020.
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Envy Global removes managing director charged in nickel fraud
Singapore commodity trader has removed Ng Yu Zhi from his role as managing director following investigations by authorities into the firm's nickel trading.
Rusal open for talks over Nornickel dividend
The board of directors at Nornickel, in which Rusal holds a 27.8% stake, will discuss its 2030 investment strategy and dividend guidelines on March 29.
Sumitomo says Ambatovy nickel project in Madagascar resumed March 23
Project had been shut since March last year due to the covid-19 pandemic.
Colombia coal production fell 40% last year amid coronavirus, strike
Many mines temporarily reduced operations last year during more than five months of lockdown and the largest union at miner Cerrejon held the longest strike in the company's history.
British ministers reject Sanjeev Gupta’s bailout plea
British ministers have rejected a request from mining magnate for a $234.36 million emergency loan to prevent his group, GFG Alliance, from collapsing.
Australia sees record $104bn of iron ore exports this financial year
The country’s most valuable economic export is expected to earn more than A$100 billion per year for the next half-decade.
Australian Aboriginal group opposes billionaire miner’s plan to build dams
Australia is considering new legislation to protect Aboriginal heritage after Rio destroyed the 46,000-year-old sites in Western Australia.
Proposed spin-off of Nornickel copper mine may ease dividend talks
Nornickel said last week that the spin-off of the Bystrinsky mine near the Russia-China border would happen within two years subject to regulatory and other approvals.
