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…
Coal
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…
Mining among sectors most affected by climate change in the US
Mining, together with construction, retail trade and services, is among the sectors most affected by cold and wet weather consequence of climate change in the United States. A recent study…
Russia-Ukraine tension may give rise to a new commodity world order
The Russian invasion of Ukraine has the potential to establish a new commodity world order that tilts reliable supply toward North America, Bloomberg Intelligence says in a research note. Analyst…
Chart: Bulks most affected by Russia-Ukraine conflict
Trade dislocations due to sanctions, high power prices and disruption to production facilities in the conflict zone are three major threats to the metals and mining industry due to escalating…
Anglo American switches on new met coal mine in Australia
Anglo American (LSE: AAL), which divested its thermal coal mines last year after pressure from investors, has achieved the first longwall shear at its Aquila metallurgical coal mine near Central…
Colombia to open gold, coal assets up for bids
Colombia will begin taking offers in its first bidding round for gold and copper exploration contracts before the end of March, the government said this week, as part of ongoing…
US markets fall during the Jan. 10-14 trading week
The Dow Jones Industrial Average fell 319.85 points or 0.88% to 35,911.81 and the S&P 500 dropped 14.18 points or 0.30% to 4,662.85. Spot gold climbed US$21.10 per oz. or…
Vale to sell Moatize coal mine to Vulcan for US$270M
Vale (NYSE: VALE) is selling its Moatize coal mine and the Nacala logistic corridor, a multibillion-dollar port and rail project in Mozambique, to Vulcan Minerals (TSXV: VUL) in a transaction…
Global coal use to hit record high despite climate fight
Global coal-fired power generation is expected to rise 9% and hit an all-time high by the end of 2021, despite efforts to slash carbon emissions, the International Energy Agency said…
Decarbonization plays the metals fiddle in 2022
The recent 26th edition of the Conference of the Parties (COP26) brought about renewed vigour to phase down carbon dioxide emissions across the globe. Still, to get there, the mining…