Brazil group sues Norsk Hydro over alleged pollution
Some 40,000 Brazilians are bringing a group-action lawsuit in the Netherlands against Norwegian aluminum producer over alleged toxic waste pollution in northern Brazil.
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Vale invests in Boston Metal, eyeing carbon-free steel
Vale has paid $6 million for a minority stake in the Boston Electrometallurgical Company.
Sumitomo Metal lifts profit forecast on higher metals prices
The company now predicts a net profit of 78 billion yen ($739 million) for the year, against its previous guidance of 46 billion yen.
India to be largest source of energy demand growth to 2040
Rising oil demand could double India’s oil import bill to about $181 billion by 2030.
Colombia to auction mining areas with potential copper, gold
Mining companies interested in bidding for potential exploration and development permissions in Colombia should register from Feb. 11 for multiple rounds this year.
AngloGold Ashanti forecasts earnings to almost triple as gold prices surge
The gold miner expects to report headline earnings per share between 229 cents and 247 cents for the year ended Dec. 31, 2020, compared with 91 cents reported a year earlier.
State oil firms risk wasting $400 billion as energy transition speeds up
A new report suggests that national oil companies could invest $1.9 trillion over the next ten years, meaning one-fifth of those investments would be unviable unless the oil price stayed above $40 a barrel.
Impala Platinum sees earnings soar over 300%
Company expects half-year headline earnings to increase more than fourfold, buoyed by higher metals prices and a weaker rand.
WTO delays ruling on US metal tariffs to second half of 2021
Decision gives president Joe Biden more time if he wishes to settle the disputes.