Rio Tinto Group must face a US Securities and Exchange Commission (SEC) lawsuit over the company’s valuation of coal assets in Mozambique, a federal judge ruled.
US authorities in October 2017 filed fraud charges against London-based Rio Tinto, forme…
Rio Tinto must face SEC suit over Mozambique coal assets Read More »
Saudi Arabia led fellow members of the Opec+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most influential members in the 24-nation alli…
Opec+ affirms commitment to oil cuts, defers decision to extend Read More »
Mark Bristow taking over the leadership of Barrick Gold facilitated negotiations with Tanzania about a multibillion-dollar tax dispute that could be resolved by May, the country’s attorney general said. Barrick unit Acacia Mining has been at odds with …
Bristow taking Barrick helm aids Acacia talks, Tanzania AG says Read More »
In 1987, an anti-apartheid firebrand named Cyril Ramaphosa led South Africa’s biggest-ever mining strike. Some 300 000 miners – from a union Ramaphosa himself had founded – walked off the job, protesting pay and working conditions. The mining company “…
Channelling Thatcher, South Africa’s President takes on its unions Read More »
Eleven years ago, Cloud Peak Energy made an all-or-nothing bet its rivals were unwilling to match: that coal would remain indispensable to the US power sector.
That gamble has now pushed it to the brink of bankruptcy.
The coal miner who bet everything on US power markets and lost Read More »
Russian billionaire Oleg Deripaska is fighting back in a US court against American sanctions that he said are unfairly destroying his global businesses and are based on unproven allegations about his close ties to the government of Russian President Vl…
Deripaska sues over US sanctions, claims $7.5bn loss Read More »
A Brazilian court ordered Vale to halt production at another of its iron-ore mines, further reducing the company’s output capacity after a deadly dam burst increased government scrutiny over its operations.
The Timbopeba mine in Minas Gerais state pro…
Brazil court orders Vale to stop operations at another mine Read More »
Chile has found another use for dams that hold the liquid waste from massive copper-mining operations: power generation.
Calling it the first project of its kind in the world, Anglo American has installed 256 photovoltaic panels at the tailings dam fo…
A mini-solar farm is floating in a dam of liquid copper waste Read More »
A lucrative retirement package for the chairman of Goldcorp is raising the hackles of investors ahead of a key vote on the company’s planned merger with Newmont Mining.
Ian Telfer’s retirement allowance will rise to roughly $12-million from $4.5-milli…
Investors blast ‘terrible’ $12m deal for Goldcorp chair Read More »
Fiat Chrysler Automobiles’s recall of almost 900 0000 gasoline-fueled vehicles could spur additional demand for the palladium market that’s already reeling from shortages.
Replacing the catalytic converters in these vehicles would require an additiona…
Fiat recall leaves palladium buyers bracing for ‘supply shock’ Read More »
