Norway to open its waters to deep-sea mining
The Norwegian government outlined on Tuesday details of a plan to open its sea floor for commercial mineral exploration and extraction, targeting metals considered essential for the transition to a…
Iron Ore
Rio Tinto autonomous iron ore train derailed
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) said on Monday a probe had been launched after one of its autonomous trains in Western Australia, derailed on Saturday evening. The world’s…
Deep-sea mining may affect thousands of new species found in hotspot
Scientists have identified more than 5,500 entirely new species in the CCZ of the Pacific Ocean, an area targeted by deep sea miners.
Vale said to decide on base metals sale worth billions next week: Brazilian paper
Vale (NYSE: VALE), the world’s largest nickel producer, is said to be deciding next week on the sale of a minority stake of its base metals business to automakers, pension…
Ivanhoe Electric sets up JV with Saudi Arabia’s Ma’aden
Ivanhoe Electric (TSX: IE; NYSE AM: IE) is forming a 50/50 joint venture with Saudi Arabian miner Ma’aden to explore for metals considered key for the world’s energy transition in…
Fortescue Metals begins magnetite production at Iron Bridge
Fortescue Metals Group (ASX: FMG), the world’s No. 4 iron ore miner, has achieved first production at its US$3.9-billion Iron Bridge Magnetite operation in Pilbara, Western Australia, 20 years after…
No mining allowed in six new Indigenous reserves in Brazil
Brazilian President Luiz Inácio ‘Lula’ Da Silva has issued a decree creating six new Indigenous reserves, most of them in the Amazon, that are off limits for mining. The move…
Anglo American’s copper output up 28% in first quarter
Anglo American (LSE: AAL) said on Tuesday that copper production jumped by 28% in the first three months of the year to 178,100 tonnes, thanks mainly to the ramp-up of its…
Australian court okays BHP takeover of OZ Minerals
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) said on Monday that the Federal Court of Australia had approved its A$9.6 billion (US$6.4 billion) takeover of copper-gold producer OZ Minerals (ASX:…
Cleveland-Cliffs forecasts Q2 headline earnings ‘multiple times higher’
U.S.-based integrated steelmaker Cleveland-Cliffs (NYSE: CLF) has signalled to the market it expects to report first-quarter 2023 revenues of about US$5.2 billion after it shipped 4.1 million net tons of…
US indices inch higher during Mar. 20-24 trading week
The Dow Jones Industrial Average gained 604.76 points or 1.89% and the S&P 500 closed 72.15 points or 1.6% higher at 3,979.15 over the Mar. 20-24 trading week. Mexico and…
WoodMac expects steel, aluminum and copper to benefit most from renewed Chinese growth
A new report by market analyst Wood Mackenzie argues that steel, aluminum, and copper stand to benefit most from an uptick in China’s gross domestic product growth this year. WoodMac…