2022 was record year for central bank gold buying, WGC confirms
Central bank demand for gold totalled 1,136 tonnes valued at some $70 billion in 2022.
Posco finally gets $12bn nod from India
In India’s biggest foreign investment deal since 1991, the Indian government has on Monday finally given South Korea’s Posco the green light to build a giant $12 billion steel plant in the country. Posco has said it expects to renew `shortly’ its pact with the Orissa government for building the $12 billion steel plant, even as the firm has assured that no exports of iron ore would be conducted from the site.
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BHP halts Western Australia iron ore operations for a day after worker dies
Western Australia police have showed up on the site and BHP has informed safety regulators of the incident.
Phasing out coal in some places may increase consumption in others – study
Countries phasing out coal from electricity risk pushing the excess supply into other industries or other countries.
The biggest source of cobalt outside Africa is now Indonesia
Production of the battery material in the Southeast Asian country surged past others including Russia and Australia.