July 18, 2018

London Metal Exchange moves further towards launch of lithium contract

The London Metal Exchange has asked companies that assess prices of battery-grade lithium to submit proposals to supply a reference for the cash-settled contracts it plans to launch next year.

July 18, 2018

Greece shortlists Glencore and Vitol in Hellenic Petroleum majority stake sale

Greece has shortlisted Anglo-Swiss Glencore and Swiss Vitol to submit a binding bid for a majority stake in the country's biggest oil refiner Hellenic Petroleum

July 18, 2018

Wreck of Russian warship carrying $130bn in gold found off South Korea

The Dmitrii Donskoi is believed to have sunk in a naval battle 113 years ago, carrying the treasury of the entire flotilla, which would have included port expenses, as well…

July 17, 2018

Anglo Asian’s Azerbaijan gold output up 43% in first half of 2018

Anglo-Asian Mining gold production goes up by 43 percent in the first half of 2018.

July 17, 2018

Smelting constraints make zinc’s price plunge look overdone

Expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price to one-year lows, but smelting capacity constraints suggest the sell-off is premature.

July 17, 2018

Strong demand powers Sandvik Q2, but inventory concerns weigh on shares

Swedish Sandvik, which makes metal-cutting tools and mining gear, reported record-high quarterly earnings and orders on Tuesday on the back of a broad rise in demand, with its mining unit…

July 17, 2018

LME to launch monthly ‘implied pricing’ for base metals

Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals —  copper, aluminum, zinc, lead, nickel and tin.

July 17, 2018

Nevsun passes on Lundin’s $1.4 billion fresh takeover bid

The base metals producer said that, while it has not yet received a formal offer from Lundin, the bid announced Monday the bid ignores the fundamental value of the company…

July 16, 2018

How mining tycoons are trying to foil a big UK bribery probe

The case will undoubtedly frustrate attempts to bring criminal charges against them and drag out proceedings for months, if not years.

July 16, 2018

Four miners killed in Georgia in coal mine accident, officials say

The government will close the mine until an investigation is complete and it gets the conclusions of international experts.