On the morning of May 18, 2020, an earthquake measuring 4.1 on the Richter scale rocked northern Sweden, inflicting serious damage to the century old LKAB iron mine in the…
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has been hit with a A$379 million (US$277.7 million) bill as part of an ongoing dispute with the Australian Taxation Office (ATO) dating…
The global metals and mining industry outlook has changed from ‘positive’ to ‘stable’ with a new Moody’s Investors Service report finding that despite most metals prices exceeding historical marks, that…
Horizonte Minerals (TSX: HZM; LSE: HZM) has nailed down US$146.2 million from export credit agencies in Denmark and Finland to partly fund construction of its 100%-owned Araguaia ferro-nickel project in…
S&P Global Market Intelligence’s pipeline activity index points to mineral exploration budgets increasing by 5% to 10% in 2022, metals and mining analyst William Mason told a recent online conference….
The first fossil-free steel in the world has been delivered by Swedish steelmaker SSAB Oxelösund to its first customer, Volvo Group. The product was manufactured in northern Sweden, using the…
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) revealed this week that it has fired 48 employees since 2019 for sexual harassment at its remote fly-in, fly-out (FIFO) mines in Western…
After years of indecision and US$4.5 billion (pre-tax) invested in development since 2008, BHP has announced that it will move forward with its Jansen potash project in Saskatchewan and approved…
Sierra Metals (TSX: SMT; NYSE: SMTS) has updated the preliminary economic assessment for its Bolivar copper-silver mine to include production of a saleable iron ore concentrate. The underground mine and…
Anglo American (LSE: AAL) and German steel producer Salzgitter Flachstahl will work together on decarbonizing the steel sector by exploring ways to reduce carbon emissions. The partners intend to conduct research into…
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.
The Dow Jones Industrial Average rose 1.08% to finish the week at 35,061.55 and the S&P 500 climbed 1.96%% to 4,411.79. Spot gold dropped US$10.00 per oz., or 0.55%, to US$1,802.20…
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