BHP to shut Mount Arthur coal mine as buyers walk
BHP is, hower, seeking approval to keep the mine running beyond 2026, until 2030, amid high coal prices and a tight market.
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Bolivia again delays announcement on lithium mining tie-ups
Meanwhile, none of the short-listed firms have exploited lithium at a commercial scale before.
Gold’s floor price is getting higher, top producer Newmont says
As global markets wilt on fears of stagflation, gold has stayed relatively resilient given its haven status.
Chinese stimulus, lower supply from Russia to keep nickel prices high – report
Nickel prices will edge higher in Q322 as Chinese stimulus measures improve the demand outlook and the Russia- Ukraine war continues to disrupt supply, says Fitch.
Battery metal buzz counters financial market angst at mining’s big show
The turmoil that rocked financial markets this week has done little to shake the optimism around global mining at PDAC.
BP to lead giant green hydrogen project in Western Australia
The project would supply renewable power to local customers in the Pilbara, the center of Australia’s iron ore export sector that hosts mines operated by BHP and Rio Tinto.
Moody’s warns Chile constitution uncertainty could hit mining investment
Analyst Barbara Mattos explained that a ban on activities around glaciers could potentially impact 20-25% of current copper production.
Ukraine steelmaker says Russia is taking metal from Mariupol
The alleged thefts would fit a pattern of Russia targeting commodity hubs that provided Ukraine with vital export revenues.
Wealth shock delays gold bull market as Goldman revises targets
The bank kept its upside outlook for the gold price but delayed the path by revising its three and six-month targets.
