MMG mining copper at capacity in Peru and trimming stockpiles after protests Stockpiles of semi-processed copper at the Las Bambas mine site are “being progressively reduced,” the company said. Bloomberg News | April 14, 2023 | 9:35 am
Codelco hires Hartree’s head of Chile for refined copper role Francisco Zuniga will join Codelco in May after almost two years at Hartree Partners LP. Bloomberg News | April 14, 2023 | 8:24 am
Key iron ore port reopens as Australian cyclone moves inland The key iron ore export hub of Port Hedland reopened after the biggest cyclone to hit Western Australia in at least a decade made landfall. Bloomberg News | April 14, 2023 | 5:14 am
Teck, Glencore CEOs converge on Toronto in battle for investors Teck has suffered a blow to its plans to separate its coal and metals operations after a major advisory firm urged shareholders to reject the move. Bloomberg News | April 13, 2023 | 10:39 am
Sudan charges Russian national in gold-smuggling probe that showed power feud The case involves a firm allegedly tied to the Russian mercenary Wagner Group. Bloomberg News | April 13, 2023 | 7:57 am
JPMorgan makes deep cuts to metals business after nickel crisis The bank has cut numerous base metals clients in Asia, with particularly deep cuts among privately owned Chinese companies. Bloomberg News | April 13, 2023 | 7:41 am
Glencore tweaked $23 billion Teck bid after investors balked at coal Glencore presented a revised plan, giving Teck shareholders the option to receive up to $8.2 billion in cash instead of shares in the spun off coal company. Bloomberg News | April 12, 2023 | 3:02 pm
Ex-JPMorgan gold traders ask for no prison time in spoofing case Desk head Michael Nowak and trader Gregg Smith were both convicted in August of market manipulation by a federal jury. Bloomberg News | April 12, 2023 | 9:52 am
India’s rare earths miner eyes 400% expansion for clean energy State-owned IREL Ltd. aims to mine 50 million tons a year of rare-earths bearing ore by end-2032. Bloomberg News | April 12, 2023 | 9:11 am
Severe Australian cyclone set to dump rain on big gold mine Newcrest’s Telfer gold mine is expected to get a deluge of heavy rain later this week. Bloomberg News | April 12, 2023 | 8:22 am
Indonesia nickel giant lists at top of range raising $672 million Harita Nickel raises $672 million in Indonesia’s largest initial public offering in 2023. Bloomberg News | April 12, 2023 | 7:51 am
Coal supplying less US power than gas, renewables and nuclear Coal use in the US power market is set to decline for a second year in succession. Bloomberg News | April 11, 2023 | 7:27 pm