Fabio Schvartsman was supposed to be the fresh face that would help Vale, the world’s biggest iron-ore miner, advance the company after a 2015 dam collapse. Instead, the 65-year-old is facing homicide charges after the company’s latest deadly disaster….
From mining’s saviour to homicide charges, the fall of Vale’s chief Read More »
Less than a month into 2020, South African companies have already announced thousands of job cuts. In a country where a third of the labour force is already unemployed, this will put even more strain on demand and economic growth. Almost 8 000 jobs are…
Job cuts will depress South Africa’s limping economy even more Read More »
Ghana is delaying the sale of $750-million of shares in a gold mining fund as the government reviews the rules and processes that dictate mineral royalty payments, according to people familiar with the matter. The West African nation initially prepared…
Ghana delays mining fund IPO to review royalty payment processes Read More »
Vale was dealt back-to-back blows on Tuesday as Brazilian officials announced criminal charges including for homicide in the wake of last year’s deadly dam collapse, while a prosecutor indicated additional output cuts may be on the horizon.
Former CEO…
Iron-ore output far from certain as Vale homicide charges filed Read More »
Sasol is still assessing the damage from an explosion and fire at its Lake Charles plant in Louisiana a week after the incident. The explosion at the low-density polyethylene unit at Lake Charles on January 13 could be heard across southwest Louisiana …
Unit at Sasol’s Lake Charles plant remains shut after fire Read More »
Gold headed for the biggest weekly loss in three years as progress in US-China trade talks hammered demand for havens and sent miners’ shares tumbling. The metal dropped 3.7% this week, the most since November 2016, as China and the US indicated they a…
Gold suffers worst week in three years as bulls run for cover Read More »
Anglo American’s plan to buy a giant potash project overlooking England’s North Sea is a bittersweet twist for local residents.
The deal will ensure billions of dollars of investment in the downtrodden region of North Yorkshire. But people like Neil …
Seaside potash dream turns to pain for thousands of shareholders Read More »
Palladium looked set to extend its record-breaking rally even as investors mulled whether the metal has rallied too high, too fast.
Prices flipped to gains after initially falling almost 3% Monday, despite technicals continuing to signal that a pullb…
Palladium bulls refuse to blink with UBS flagging ‘sweet spot’ Read More »
Move over materials, there’s a new kid on the block. The C$300-billion industrials group has ousted miners and forestry stocks to become the third-most valuable collection of companies on Canada’s equity market, behind banks and energy.
Comprised main…
Planes, trains, autos eclipse miners in fabric of Canada market Read More »
The phase-one trade deal between the US and China may bring some relief to copper exporters, helping shore up the finances of Chilean State-run producer Codelco, Mining Minister Baldo Prokurica said.
Copper prices may rally to $3/lb, from an average o…
Trade war has copper prices artificially low, Chile Minister says Read More »
