China seeks to tackle environmental damage caused by mining

After the best week for commodity prices in more than three years, sentiment towards metals and mining may finally be turning.

New study shows scrap replacing 1 billion tonnes of iron ore and met coal supply by 2050 as sustainability and environmental pressures intensify.

According to the National Union of Mineworkers (NUM), the Swiss-based company is the one “holding the whole process to ransom".

A survey of over 100 mining equipment buyers and decision-makers shows that 40% of them are still focused on cost cuts.

PennEnvironment claims the steelmaker has repeatedly violated the federal Clean Air Act at its Monessen coke plant since the facility reopened last year.

The approval will include “the same rights and the same level of legal and fiscal certainty provided under its contract of work,” the company said without elaborating.

Teck jumps 14%.

New report on top 100 junior mining companies says "waiting it out no longer a viable strategy"

Coal India will add 50 million tonnes to production this year with a target of 1 billion tonnes per year before the end of the decade.