Rio Tinto, China Baowu to develop Australian iron ore project for $2bn
Rio Tinto will invest $1.3 billion for the project development.
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Commodity markets are contending with a growing liquidity crisis
The giant price fluctuations that followed Russia’s invasion of Ukraine roiled markets for everything from natural gas to crude oil and metals.
Fresnillo expects to launch Juanicipio mine operations in October
Fresnillo and Mag Silver had agreed in April 2019 to develop the Juanicipio deposit, but the pandemic and logistical setbacks delayed the project.
Escondida mine conflict unresolved, regulators inspect site
Union workers approved a partial strike last week and threatened a complete work stoppage over safety concerns at the world's largest copper mine.
China rust belt province plans $87 billion clean energy overhaul
Liaoning province is planning six different energy bases of 10 gigawatts each, according to a report from state-owned CCTV.
Gold price slides as hotter US inflation keeps hawkish Fed on track
Gold fell the most in almost a month after US inflation data came in hotter than expected.
LME says market to remain open despite Queen’s funeral
The exchange, the world's oldest and largest market for industrial metals, said it would also donate all trading fees for Sept. 19 to the Queen's charities.
Marathon Gold raises $114m to fund Valentine mine construction
Building the mine is expected to cost Marathon between C$470 million and C$490 million.
Yunnan asks aluminum producers to cut power usage
China's southwestern province has ordered producers of electrolytic aluminum to reduce their power usage this week.
