United Tractors seeks gold, nickel in move to cut coal sales
Company is in “full throttle” for new metals and renewable assets as the Indonesian company aims to cut its reliance on coal to half the total income by 2030.
Latest Stories
Column: Iron ore shrugs off China covid woes, focuses on stimulus
The iron ore market is choosing to focus on China's efforts to stimulate its property sector, rather than on rising concerns over the potential economic fallout.
Indonesia says lithium, anode plants are being built to support EV ambitions
Indonesia has already started producing EV battery parts extracted from nickel.
Mali suspends issuance of mining permits until further notice
Mali is one of Africa's top gold producers with industrial production reaching 63.4 tonnes in 2021.
Major US labs launch energy storage consortium
Stor4Build is a new consortium on energy storage for buildings that is expected to accelerate the growth, optimization, and deployment of storage technologies.
Fortescue keeps women on the top job with Fiona Hick’s appointment
Hick replaces CEO Elizabeth Gaines, who stepped down in December 2021 and who will remain on Fortescue's board as a non-executive director.
Consensus forecast is for two years of stagnant copper prices
Copper is down 20% so far in 2022 and a new survey of over 30 investment banks and economic researchers sees little prospect for an exit from the bear market.
Las Bambas mine resumes copper output; transportation still halted
Las Bambas had reduced its operations to 30% of its usual capacity earlier this month due to the protests.
Metalla buys First Majestic Silver royalty portfolio
The acquired portfolio includes one producing gold royalty on First Majestic’s La Encantada gold operation, four development silver royalties and three advanced exploration silver royalties.