Rio Tinto cuts Canadian iron ore guidance
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has once again cut iron production targets for its iron ore operations in Canada, citing extended plant downtime and conveyor belt failures. Output from…
Iron Ore
Brazil’s comptroller general alleges Vale corrupted inspection in Brumadinho case
Brazil’s comptroller general (CGU) has alleged in a report that Vale corrupted the “integrity” of the federal inspection system in the Brumadinho case. The collapse of the dam at Vale’s Corrego…
Copper prices may jump 20%, aluminum by 36% as demand outpaces supply: forecast
Global copper and aluminum supply deficits may cause prices to soar within a few years while steel may drop, according to a new report on metals. A 5.4-million-ton (4.9-million-tonne) copper…
Beaver Creek: Critical minerals shine at precious metals summit
The mining sector, a longstanding pillar of the global economy and even more important now with rising attention to critical metals and secure supply in Western nations, is facing emerging…
Billionaire Rinehart’s Hancock Prospecting takes major stake in Liontown
Hancock Prospecting, owned by Australian billionaire Gina Rinehart, confirmed on Monday market rumours indicating her company had increased its stake in lithium miner Liontown Resources (ASX: LTR), which recently accepted…
Industry council strives to cut emissions with new guidelines
Mining’s top industry group with BHP (NYSE: BHP; LSE: BHP; ASX: BHP) and Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) among its members has published a framework for companies…
Taliban says it signed mining deals worth over US$6.5B
Afghanistan’s Taliban has signed seven mining contracts that would bring roughly US$6.5 billion in investments to the ruling government, the Associated Press reported on Thursday. This figure, AP says, represents…
Fortescue CFO leaves three days after CEO’s departure
Fortescue Metals Group (ASX: FMG) added a new name to its list of fleeting top executives on Thursday with the exit of the chief financial officer of its metals division, Christine Morris,…
Fortescue CEO Fiona Hick’s sudden departure raises eyebrows
Fortescue Metals Group (ASX: FMG) announced on Monday the unexpected departure of its chief executive officer Fiona Hick, who held the post for less than six months and who attended a…
Have the bears finally got it right on China?
August is proving to be a difficult month for the mining sector. That’s being led by weak economic news on China. The narrative here has been extremely bearish. In fact,…
Champion Iron shares rise after update boosts Bloom Lake resources by 40%
An update for Champion Iron‘s (TSX: CIA; ASX: CIA; US-OTC: CIAFF) Bloom Lake mine in northeast Quebec has increased measured and indicated resources by 40% and inferred resources by 360%,…
How miners can better manage community resettlement as demand for metals rises
It’s an undeniable fact that the world needs more metals to deal with the effects of climate change and to achieve net zero by 2050. Renewable energy (solar panels, wind…