BHP targets 30% reduction in emissions by 2030
BHP (NYSE: BHP; LSE: BHP) has unveiled a revamped strategy to cut operational emissions by 30% by 2030 from this year’s levels, but it stopped short of tackling Scope 3…
Iron Ore
FPX sees ‘large-scale’ mine at Baptiste nickel project in BC
FPX Nickel (TSXV: FPX) has released the results of a preliminary economic assessment (PEA) on the Baptiste nickel project in the company’s Decar nickel district, in B.C., which, according to…
Miners use on-site testing to keep operations coronavirus-free
Timothy Ray Sewell is no stranger to pandemics. In the early 2000s, he developed emergency management plans in Indonesia and Borneo for BHP Billiton during the H1N1 influenza pandemic and…
Editorial: Global Mining Symposium underscores importance of ESG
More than 1,800 people from over 80 countries tuned in to The Northern Miner’s first Global Mining Symposium last week. The three-day virtual event built on the success of our…
US markets fall, Aug. 31-Sept. 4
The Dow Jones Industrial Average fell 1.82% to 28,133.21 and the S&P 500 dropped 2.31% to 3,426.96 during the Aug. 31-Sept. 4 trading week. Spot gold lost 1.50%, or US$29.50…
Vale opens iron ore grinding hub in China
Vale (NYSE: VALE) has begun producing high-grade iron ore fines for pelletizing at its new 3-million-tonne-a-year grinding hub at China’s Shulanghu Ore Transfer Terminal. The unit, a partnership with Ningbo…
Rio Tinto executives lose millions over Aboriginal site blast in Australia
Rio Tinto’s (NYSE: RIO; LSE: RIO) top bosses will pay millions of dollars for the destruction of two ancient caves in Australia as the group has decided to cut short-term…
Iron ore price hits six-and-half year highs on Chinese demand
Iron ore prices hit six-and-half year highs on Aug. 18 as Chinese furnaces, where more than half the world’s steel is forged, roll out crude steel at a never before…
Fortescue backtracks on plan that endangers Australian heritage site
Australian iron ore major Fortescue Metals Group (ASX: FMG) said today it would reevaluate an expansion plan at one of its iron ore mines in the Pilbara region, after an…
Glencore records US$2.6B loss, scraps dividend
Glencore (LSE: GLEN) posted a US$2.6 billion loss after write-downs for the first half of the year and scrapped its dividend, as the coronavirus pandemic dented global demand and lowered…
Iron ore and coking coal prices approach parity
Since the establishment of the spot market for iron ore in 2008 and the inclusion of coking coal prices on the Singapore Exchange in 2014, the price of 62% iron…
B of A forecasts US$3,000 gold, US$35 silver on ‘financial repression’
In April, Bank of America Global Research increased its 18-month price target on gold from US$2,000 per oz. to US$3,000 per oz. and forecast an average gold price in 2020…