The technical failure that could clear the oil glut in a matter of weeks
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines.
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Rio’s revised iron ore guidance pushes price to three-month high
From the recent low of $53.36 a tonne hit on June 13, iron ore prices have now surged more than 27%.
Clean energy transition to increase demand for minerals — World Bank
Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.
Coal mine sold for less than $1 reopens, to reach full production by year-end
Blair Athol thermal coal mine, located in Queensland, Australia, had been closed since 2012 when former owner Rio Tinto shut down operations after almost 30 years of production.
Rio Tinto axes iron ore export forecast for the year
It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.
Zinc, lead prices gain on deeper deficits
New report shows lead swinging into 91,000 tonne deficit and zinc undersupply increasing by a third to 178,000 tonnes during first five months of 2017.
Leagold Q2 production news
Leagold Mining Corporation announces Q2 2017 gold production at the Los Filos Mine of 46,098 oz, which includes 43,980 oz from April 8, 2017 to June 30, 2017.
Chile’s Codelco to post earnings above $1 bln this year – CEO
Codelco, which sends all its profits to state coffers, posted a larger profit in the first quarter of 2017 than in all of 2016 as a result of a strict policy of containing costs and a modest recovery in global prices for the red metal.
Copper price jumps on gangbusters China growth
Chinese economy on track for first annual growth acceleration since 2010 as industrial output surges by 7.6%.