Iron ore price slides to nearly one-week low on subdued Chinese steel market
Steel consumption was suppressed in the short term due to rainy weather in southern regions of China.
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Zuma’s party wants to nationalize land, mines in South Africa
MKP wants to nationalize strategic mines, ArcelorMittal South Africa Ltd. and Sasol Ltd.
China loses appetite for Russian coal as import costs rise
Russian exports plunged 22% in the first quarter after Beijing imposed a tax regime that favors some of Russia’s rivals.
Sandvik buys majority stake in China-based Suzhou Ahno
Sandvik, which already owns a 12.4% stake, said it will through the deal raise its stake to 72.4%.
Metals Acquisition extends CSA mine life to 11 years after reserve update
CSA, acquired from Glencore, is one of Australia’s longest operating copper mines with a history stretching back almost 150 years.
Coal trains also carry respiratory diseases to communities on their way – study
Trains carrying loads of coal bring with them higher rates of asthma, heart disease, hospitalization and death for residents living nearest the rail lines.
Anglo American bullish on copper outlook, cuts diamond targets
It produced 11% more copper in the first quarter, but its diamond unit De Beers saw output drop by 23% on high inventories.
Kumba quarterly sales fall 10% as port challenges curb exports
The decline was mainly due to the unreliability of equipment used to handle ore consignments at Saldanha Bay Port, Kumba said.
Gold price falls again after biggest daily slump in almost two years
After climbing to a record earlier this month, the precious metal has now fallen below $2,300 an ounce.
