Glencore trading profit poised for best-ever year
Glencore (LON: GLEN) said on Friday that the first-half year profit from its commodities trading unit is on track to achieve its annual earnings target in the first six months…
Coal
BHP to shut Mt Arthur coal mine as buyers walk
BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) planned exit from thermal coal has been modified as the company has decided to keep its Mount Arthur mine, New South Wales’ largest…
PDAC 2022: Colombia pushes diversification of mining sector as presidential vote looms – interview
Just ahead of a runoff presidential election in Colombia that will determine current president Iván Duque’s successor, The Northern Miner caught up with the country’s Minister of Mines and Energy,…
Anglo American takes on an industry-first sustainability-linked loan
Anglo American (LSE: AAL) has agreed to a US$100 million, 10-year loan from the International Finance Corporation in what is understood to be the mining industry’s first known sustainability-linked financing…
Yancoal Australia rejects US$1.8B takeover bid from China’s Yankuang
Yancoal Australia (ASX: YAL) rejected on Tuesday a US$1.8-billion takeover bid from its largest shareholder, saying that both the value and the proposed structure of the deal were not in…
Colombia miners brace for environmental crackdown
Miners operating in Colombia are bracing for tighter environmental rules as the two anti-establishment presidential candidates that made it to a runoff on June 19, have promised stricter environmental rules…
One way or another, energy transition factors into spring elections
Over two weeks in late May into early June, three important mining districts are going to the polls, with mining and climate change set to influence outcomes to varying degrees….
Plunging metals prices expected to rebound in H2 – report
Enduring Covid-19-linked lockdowns in the world’s largest metal consumer, China, are negatively impacting demand from end-use industries and sentiment towards the complex, resulting in lower metals prices, a new report…
Black lung cases increase among US coal miners
An international team of researchers from the U.S., Canada and South Africa found higher levels of silica dust in the lung tissue of present-day coal miners working in central Appalachia…
Western Australia is world’s new top mining destination
Resource-rich Western Australia has been picked the most attractive region for mining investment in 2021, replacing the U.S. state of Nevada, which fell to the third place in the latest…
Analysts adjust higher metal price assumptions on Russia-Ukraine conflict
Several analysts have adjusted higher their metal price assumptions for 2022 as the February Russian invasion of Ukraine drags on, wreaking havoc on global metals and mineral supply chains. Moody’s…
Colombia to tender gold, coal assets by end of June
Colombia plans to hold two bidding rounds — one for gold and one for coal exploration contracts — before the end of June, as part of ongoing efforts to strengthen…