Anglo American posts record profit, more than triples payout
Anglo American (LSE: AAL) joined a growing list of miners that have delivered record profits this week, with full year earnings of US$20.6 billion and a US$2.1-billion final dividend, on…
Iron Ore
Chart: Bulks most affected by Russia-Ukraine conflict
Trade dislocations due to sanctions, high power prices and disruption to production facilities in the conflict zone are three major threats to the metals and mining industry due to escalating…
Anglo American switches on new met coal mine in Australia
Anglo American (LSE: AAL), which divested its thermal coal mines last year after pressure from investors, has achieved the first longwall shear at its Aquila metallurgical coal mine near Central…
BHP to cut emissions by 30% with first LNG-powered bulk carrier
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has taken a key step towards its goal of reaching net-zero by 2050 after receiving the first of five LNG-powered carriers to transport…
American mining output rises 12% y/y to US$90.4B
Operating mines in the United States generated US$90.4 billion in mineral commodities in 2021, a 12% increase year-over-year, the US Geological Survey said in the 27th annual Mineral Commodity Summaries report…
US markets fall during the Jan. 10-14 trading week
The Dow Jones Industrial Average fell 319.85 points or 0.88% to 35,911.81 and the S&P 500 dropped 14.18 points or 0.30% to 4,662.85. Spot gold climbed US$21.10 per oz. or…
Rio Tinto to transport iron ore in Pilbara via battery-electric trains
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is buying four battery-electric trains from U.S.-based Wabtec (NYSE: WAB) for use at its Pilbara iron ore mines in Western Australia, as part…
Update: Heavy rainfall temporarily halts Vale’s rail operations and production in Brazil
Owing to heavy rainfall in the eastern Brazilian state of Minas Gerais, Vale (NYSE: VALE) has partially suspended train service on its Estrada de Ferro Vitória a Minas (EFVM) rail…
RANKED: World’s top 20 biggest iron ore operations
Iron ore is the base metal used to make steel – and steel is the most commonly used alloy in the world. From its first known uses as a metal…
Decarbonization plays the metals fiddle in 2022
The recent 26th edition of the Conference of the Parties (COP26) brought about renewed vigour to phase down carbon dioxide emissions across the globe. Still, to get there, the mining…
Mining tycoon Beny Steinmetz arrested in Greece
The Israeli billionaire, who was convicted of minerals rights-related bribery in January by a Swiss court, remains in the country.
Asteroid “ideal for mining exploration” to enter Earth’s orbit next week
An asteroid as big as a football field that has been singled out by scientists as an ideal target for a mining exploration mission, will break into Earth’s orbit on…