BHP to review US$9.7B fine handed by Brazil over dam failure
BHP (ASX: BHP) said on Friday it had yet to receive a formal notification from Brazilian authorities about a court decision sentencing it to pay 47.6 billion reais (US$9.7 billion) in…
Iron Ore
BHP diverts shipments to avoid Red Sea attacks
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) is diverting some of its shipments from Asia to Europe away from the Red Sea due to the increase in drone and missile…
Former Fortescue execs launch green iron startup
Two former executives that worked at Fortescue’s clean energy initiatives, Michael Masterman and Bart Kolodziejczyk, have launched a startup that aims to cut carbon emissions of the Australian iron ore…
Sumitomo invests $14.5M for 9.9% of FPX Nickel
Sumitomo Metal Mining Canada is investing about $14.5 million in FPX Nickel (TSXV: FPX; US-OTC: FPOCF), which holds the Baptiste greenfield development project in British Columbia. The private placement of…
How did Vale tailings dam burst and kills hundreds?
Construction details in the tailings dam at Vale’s (NYSE: VALE) Corrego do Feijao iron ore mine in Brazil may have caused the burst that killed at least 270 people when…
Simandou build expected to start in 2024 after almost 30 years of setbacks
Set to be the world’s largest and highest grade new iron ore mine, the project will add around 5% to global seaborne supply when it comes on line.
Canada slams US antidumping duty on tin mill products, citing trade concerns
The United States Department of Commerce Friday announced measures to curb dumping of tin mill products from several countries including Canada in a move Ottawa criticized as “disappointing” and a…
Agnico Eagle invests $23M for 12% of Canada Nickel
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), the largest gold producer in Canada, has acquired a stake of Canada Nickel Co. (TSXV: CNC; OTCQX: CNIKF) as the junior advances its…
Vale’s ex-president seeks to avoid trial for Brumadinho dam failure
Former Vale (NYSE: VALE) president Fábio Schvartsman may avoid trial for the Brumadinho tailings dam collapse that killed more than 250 people in Brazil in 2019. The executive’s defence team…
Anglo American’s falling shares fuel takeover rumours
Speculation about Anglo American (LSE: AAL) becoming the target of a takeover by a rival or a private equity firm keeps mounting, as shares in the diversified miner continue to…
Anglo American shares drop on South Africa challenges, production cut
Shares hit their lowest point since March 2020 after the miner unveiled plans to drastically cut the amount of commodities it mines.
Nearly one-third of tailings dams close to protected areas – study
Nearly a third of the world’s mine tailings are stored within or near protected conservation areas, posing risks to some of the earth’s most precious species and landscapes. A recent…