July 30, 2021

Goldman recapitulates $5 a pound copper price by end of 2021

New report says while copper bulls have been facing “a crisis of confidence”, fundamentals “have been quietly tightening” setting up return to record prices in the near future.

July 30, 2021

IEA’s roadmap shows difficult journey to net zero: Kemp

In the short term, emissions are on a rising trend, notwithstanding a temporary decline during the covid-19 pandemic, putting the world a long way off track to reach zero emissions…

July 30, 2021

Glencore ups expectations for FY trading, lowers nickel, coal

Coal production fell 16% to 48.7 million tonnes in the first half, partly because of market-related cuts in Australia.

July 30, 2021

Russia mulls pegging tax on mining firms to global metals prices

Moscow has been trying to protect its defense and construction industries from further growth in raw materials costs as metals prices rise at a global level.

July 29, 2021

RANKED: World’s 10 biggest gold mining companies

Many companies are engaged in the gold mining business, but the industry is dominated by a select group of players.

July 29, 2021

Gupta pays $25 million to end long-running spat with Rio Tinto

The dispute with Rio dates back to the miner’s sale of the Dunkirk smelter in France to Gupta for $500 million in 2018.

July 29, 2021

Home: Rio’s lithium project will test mining’s ESG credentials

The formula for Kryptonite in the Superman series is the closest match to the lithium-boron chemistry of the Serbian find.

July 29, 2021

ArcelorMittal quarterly earnings highest in 13 years on strong steel demand

The company said it would start a $2.2 billion buyback programme to be completed by the end of 2021.

July 29, 2021

Anglo American half-year profit best in its 104-year history

The diversified miner reported pre-tax profits of $10.1 billion for the six months to June, more than double what it made in 2020 as a whole.

July 29, 2021

FLSmidth grabs Thyssenkrupp’s mining unit for $386 million

Business combination will create a global mining technology provider with operations from pit to plant.