Ukraine's state prosecutor office said on Monday that State Investigation Bureau has called Ferrexpo CEO Kostyantin Zhevago for questioning as a suspect. "You have to appear on September 27, 2019 at 11.00 ... for... questioning as a suspect," it said in a summons, published of the prosecutor website.
Mining executives eager to speed US production of lithium and other metals for the burgeoning electric vehicle industry are frustrated that the US Congress has yet to pass legislation designed to streamline mine permitting and fund geological studies, among other steps. Earlier this year, Washington's trade war with Beijing threatened to curb Chinese shipments to the United States of rare earth minerals used in defense equipment. China is also the world's largest electric vehicle battery producer, processor of lithium and consumer of copper.
Poland's biggest coal company, State-run PGG, agreed on Monday to spend 44-million zlotys ($11-million) on one-off bonuses for miners this year, its chief executive said after talks with trade unions which demanded more cash as an election looms. Pressure for salary increases is building in coal mining and other industries before a parliamentary election on Octobre 13. The ruling Law and Justice (PiS) has pledged to increase the minimum wage and raise teachers' salaries, among other promises.
Canada's First Quantum Minerals said on Monday it had no knowledge of any potential takeover bids but confirmed it was in talks with Jiangxi Copper for a potential sale of a minority interest in its Zambian copper assets. The company's shares have risen about 20% since Bloomberg reported on Thursday that First Quantum was attracting preliminary takeover interest and is working with defense advisers to weigh its options.
BHP Group said on Monday it expects to meet all customer commitments on iron ore shipments, despite maintenance at its Jimblebar and Newman mines in Western Australia. "There has been a minor impact to production at Newman and Jimblebar due to maintenance, however this is not expected to impact outflow from Port Hedland," the company said in emailed comments.
South Africa's Association of Mineworkers and Construction Union (AMCU) on Friday re-elected as its president Joseph Mathunjwa, known for his uncompromising stance in bruising strikes on the platinum belt. Mathunjwa, who was elected uncontested at the union's first elective conference since 2013, has been at the helm of AMCU since it was officially registered in 2002.
SL Mining, a subsidiary of US commodity trader Gerald Group, will suspend iron-ore mining operations in Sierra Leone over a dispute with the government about royalty payments, a company letter seen by Reuters showed on Friday. SL Mining filed for arbitration last month in an international court against Sierra Leone's government after authorities imposed a ban in July on exports from the company's Marampa mine.
British commodities tycoon Sanjeev Gupta has injected $150-million into his Australian steel manufacturing business Infrabuild, after plans to list it in the country were put on hold and a debt raising failed to elicit support from investors. Infrabuild said it was also raising $325-million through the sale of secured bonds with an unusually high coupon of 12%. This, according to Moody's Investor Service, marks a drop from a previous plan to raise $475-million debt via bonds.
US President Donald Trump and Australian Prime Minister Scott Morrison are set to release a plan on Friday aimed at securing the supply of rare earth minerals, a senior administration official said, as concerns grow that China could cut off shipments of the prized commodities.
Peru expects its copper production to grow 27% and gold output to expand 12% in the next three years by 2022, the country's Energy and Mines Minister said on Thursday. Peru is the world's No.2 copper producer and sixth-largest gold producer.