Germany’s move to scrap coal is said to boost cost for taxpayers
Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine the commodity.
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Mongolian court says copper mine nationalisation broke laws
The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine.
South Africa’s NUM union signs wage deal with AngloGold
South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti, inking the same agreement that other unions reached with the company earlier in the week.
Shanghai sets challenge to New York, London in copper options debut
Almost 18,000 lots traded in debut day, equal to 90,000 tonnes of metal.
Philippines halts quarry operations after deadly landslide
The Philippines temporarily suspended all quarrying operations in seven regions following a landslide near a limestone quarry that killed at least 29 people, with dozens more feared trapped under the rubble.
Caterpillar leans on old playbook to cope with Trump tariffs
Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old.
Peabody Energy to buy Alabama coal mine for $400 million
The transaction involves the purchase of Shoal Creek metallurgical coal mine, preparation plant and supporting assets, excluding legacy liabilities other than reclamation.
China’s Ganfeng Lithium lands three-year contract to supply Tesla
Deal will see China’s No.1 producer of lithium supplying 20 percent of its production to the electric cars maker.
Paulson joined by 15 investors in council to oversee gold miners
The billionaire hedge-fund manager has formed a coalition with 15 other founding members aimed at curbing years of what his hedge fund has called value destruction in the gold sector.