US markets up, Nov. 9-13
The Dow Jones Industrial Average rose 4.42% to finish the trading week at 29,479.81 and the S&P 500 climbed by 2.16% to 3,585.15. Spot gold dropped US$60.60 per oz., or…
Iron Ore
Guinea approves railroad and port plan for large-scale Simandou project
Guinea’s government has approved a multinational group’s plan to build a railroad and deep-water port to export from the large-scale Simandou iron ore deposit to key markets, including China, the…
English court blocks lawsuit against BHP over Brazil dam failure
The High Court of Manchester, northwestern England, on Nov. 9, blocked a £5 billion (US$6.6 billion) lawsuit against BHP (NYSE: BHP; LSE: BHP) over a devastating dam collapse at an iron…
China tightens trade restrictions on Australian imports
China has stepped up trade restrictions against Australia, with at least one clearinghouse suspending imports of a range of agricultural and mineral products, Hong Kong’s daily English-language newspaper, the South…
BHP scraps US$2.5B Olympic Dam expansion plan
Mining giant BHP (NYSE: BHP; LSE: BHP) has shelved a planned US$2.5 billion expansion of its Olympic Dam copper, gold and uranium mine in South Australia, after studies of the…
BHP strikes heritage deal ahead of annual meeting
BHP (NYSE: BHP; LON: BHP) has reached an eleventh-hour deal with a coalition of Aboriginal land councils, as shareholders were pushing for a halt to all mining on sacred Indigenous…
Gold rally lifts top 50 mining stocks above US$1T for first time
MINING.COM’s ranking of the world’s 50 largest mining companies based on market value shows an industry recovering from its Covid-19 slump and moving into positive territory for the fourth quarter…
Cleveland-Cliffs to acquire ArcelorMittal USA in US$1.4B deal
Cleveland-Cliffs (NYSE: CLF) is buying “substantially all” of Luxembourg-based ArcelorMittal’s (NYSE: MT) operations in the United States in a US$1.4 billion deal that will make it North America’s largest flat-rolled…
Raymond James raises price forecasts for base metals, iron ore
Raymond James forecasts higher average prices for copper, nickel, lead, zinc and iron ore, but lower prices for uranium, its analysts wrote in a research note. The financial services firm…
US markets slip, Sept. 14-18
The Dow Jones Industrial Average fell 0.03% to finish the Sept. 14-18 trading week at 27,657.42 and the S&P 500 Index dropped by 0.84% to 3,319.47. Spot gold climbed US$8.80…
BHP halts expansions on heritage sites in Australia
BHP (NYSE: BHP; LSE: BHP) acknowledged on Thursday it was aware of Australian Aboriginal groups’ concerns about the future of dozens of heritage sites before it sought and obtained approval…
BHP asks traditional owners to voice concerns on cultural heritage sites
BHP (NYSE: BHP; LSE: BHP) has told Australian Aboriginal groups to freely speak their mind about the way it manages cultural heritage as the miner readies to appear before a…