Vale seeks go-ahead to build iron ore mine by biodiversity haven Apolo is seen as critical for reviving the company’s iron ore capacity in Minas Gerais. Bloomberg News | July 15, 2024 | 7:17 am
Trafigura and Mubadala plan sale of Brazil iron ore port The companies bought a controlling stake in the Rio de Janeiro facility from MMX Mineracao & Metalicos in 2014. Bloomberg News | July 14, 2024 | 9:29 am
Botswana eyes new export route to exploit huge coal resource The African Development Bank has agreed to finance a feasibility study for the project, at a cost of about $4 million. Bloomberg News | July 12, 2024 | 4:48 pm
Lundin pitches BHP on joint bid for copper miner Filo The move could solve fundraising needs for a neighboring project it wants to build. Bloomberg News | July 12, 2024 | 1:22 pm
Congo offers own cobalt from joint ventures for first time Gecamines has requested bids for the firm’s portion of cobalt output from CMOC Group’s giant Tenke Fungurume mine. Bloomberg News | July 12, 2024 | 8:22 am
Uganda is latest African nation eying gold as currency shield Uganda plans domestic gold purchases to build foreign exchange reserves. Bloomberg News | July 11, 2024 | 7:39 am
Iron ore price swings higher as traders await Beijing policy signals The steelmaking material rallied as much as 3.6% in Singapore on Thursday, following days of fluctuations. Bloomberg News | July 11, 2024 | 4:30 am
China pauses new coal-based steelmaking for first time in years Greening the steel industry, China’s second largest source of carbon emissions at 15%, is a vital part of the country’s plan to become carbon neutral by 2060. Bloomberg News | July 11, 2024 | 4:20 am
Africa’s rare earths could make up 9% of global supply by 2029 Eight mines in countries such as Tanzania, Angola, Malawi and South Africa are expected to start production by 2029. Bloomberg News | July 10, 2024 | 1:07 pm
IRH mining dealmaker met with Congo gold smugglers, UN says IRH, Abu Dhabi’s largest listed company, has been on an aggressive hunt for mining deals in Africa. Bloomberg News | July 10, 2024 | 9:55 am
Sprott says new copper fund too small to pose market risk The Sprott Physical Copper Trust, which began trading in June, holds more than 10,000 metric tons of copper in warehouses mostly in Asia. Bloomberg News | July 10, 2024 | 9:47 am
Iron ore’s $100 price floor at risk of collapse from jump in supply A wave of cheap supply starts to build in West Africa. Bloomberg News | July 10, 2024 | 8:26 am