Rusal executives to buy out US aluminum unit, rename it
The new company will continue to selling Rusal’s metal.
Latest Stories
Could bacteria replace chemicals in mining?
Some types of bacteria can “loosen up” rocks to release metals and minerals, making them easier to crush and grind.
Vale takes hit from nickel hedging amid record price spike
Miner renewed its nickel hedging program in 2022 to protect against huge price swings, but ended up losing out on $75 million in potential gains from the metal’s unprecedented rally.
How far are we from phasing out coal?
Coal-fired electricity generation reached all-time highs globally in 2021, showing that eliminating coal from the energy mix will not be a simple task.
Mining People: Euro Manganese, Lavras Gold, PureGold, Rock Tech Lithium
Key moves in the mining industry.
Peru police carry out second day of evictions at halted Las Bambas mine
Las Bambas suspended operations on April 20 after communities had settled inside the mine.
Caterpillar warns of weaker China demand as lockdowns bite
The company’s first-quarter results Thursday showed China sales and demand slumping, even as other businesses including mining and construction improved.
High prices set to dent gold sales in India
Sales slumped 18% from a year earlier and imports plummeted by more than half in the January-to-March period as prices surged.
Vedanta doles out $1.5 billion dividend in relief for parent
Separately, Vedanta Resources announced a tender offer to buy back as much as $500 million of its dollar notes due in July.
