Mosaic CEO James O’Rourke to step down at year-end Bruce Bodine, Mosaic's senior vice president of North America, would take charge as the new CEO in January. Reuters | August 29, 2023 | 2:35 pm
US Steel starts due diligence after entering agreements with ‘numerous third parties’ Earlier this month, Esmark scraped its bid, leaving Arcelor-Mittal as the only known potential challenger to Cleveland-Cliffs. Reuters | August 29, 2023 | 1:35 pm
Colorado School of Mines warns of ‘grey tsunami’ of mining industry retirements Mining the minerals needed globally for the energy transition is not keeping pace. Amanda Stutt | August 29, 2023 | 11:42 am
Chinese steel demand declining less than data suggests, says Vale executive Vale is "cautiously optimistic" about the largest global consumer of iron ore, as China's economy has proven resilient. Reuters | August 29, 2023 | 11:02 am
Private credit funds mull jumbo loan for Australian coal mines The funds are in talks to potentially underwrite financing of $2-3 billion for competing bids from Indonesian mining contractor Buma and Australian coal producer Stanmore. Bloomberg News | August 29, 2023 | 10:37 am
Peru slashes growth outlook amid falling copper investment Though metals mining and production is expected to grow 7.0% this year, private investment - largely in mining - is expected to drop 4.5% this year. Reuters | August 29, 2023 | 9:50 am
Dundee Precious receives court decision that reaffirms its Ecuador mining concession For years, the Loma Larga project has faced strong opposition from local indigenous groups and communities. Staff Writer | August 29, 2023 | 9:41 am
Column: South Korea’s Gwangyang is the new LME aluminum battleground LME-registered warehouses in the city currently hold 49% of all the light metal sitting in the exchange's global warehouse network. Reuters | August 29, 2023 | 9:21 am
Polyus H1 adjusted net profit jumps 33% y/y Physical sales volume rose 24%, while gold output jumped 36% to 1.45 million ounces. Reuters | August 29, 2023 | 9:06 am