US official says South Africa aid aimed at coal plants not EVs State-power utility Eskom had initiated the talks last year in a bid to raise money to help reduce its reliance on the coal. Bloomberg News | March 2, 2022 | 10:08 am
Gold price falls over 1% as uptick in risk sentiment drives down havens Bullion is coming off its best monthly performance since May 2021. MINING.COM Staff Writer | March 2, 2022 | 9:41 am
Exxon to exit Russia, leaving $4 billion in assets Exxon did not provide a timetable for its exit. Reuters | March 2, 2022 | 8:56 am
Canadian Palladium nearly triples East Bull resource estimate The updated resource estimate is the culmination of a 20,000m drilling program that substantially increased the size of the East Bull deposit. Canadian Mining Journal Staff | March 2, 2022 | 8:28 am
Aluminum price streaks to record on fears logistics issues will hit supply Aluminum prices bolted to a fresh record peak on Wednesday as investors worried that logistics difficulties would block metals supplies due to tough sanctions on major producer Russia. Reuters | March 2, 2022 | 8:22 am
China shunning Russian coal with banks nervous over sanctions At least two of China’s largest state-owned banks are limiting financing for Russian commodities. Bloomberg News | March 2, 2022 | 8:14 am
US utilities push White House not to sanction Russian uranium The United States relies on Russia and its allies Kazakhstan and Uzbekistan for roughly half of the uranium powering its nuclear plants. Reuters | March 2, 2022 | 8:07 am
Severstal suspends exports to EU Severstal usually exports 40% of its annual production, of which 3 million tonnes go to Europe. Reuters | March 2, 2022 | 8:00 am
Solidarity union accepts Sibanye-Stillwater wage offer Solidarity, along with three other unions, had been negotiating since December over wages at Sibanye's South African gold mines Reuters | March 2, 2022 | 7:56 am