British Steel collapses after failing to secure extra funding

The High Court has ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation of the main site in Scunthorpe.

Reuters | May 22, 2019 | 10:37 am

Zimbabwe mine output subdued in first quarter as dollar crunch bites

Gold deliveries to central bank unit Fidelity Printers and Refiners, which buys all the country's gold, declined to 6.5 tonnes from 7.3 tonnes during the January-March quarter.

Reuters | May 22, 2019 | 10:19 am

Iron ore is surging, but not all producers are joining the party — opinion

While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty.

Reuters | May 22, 2019 | 10:11 am

Philippines exempts gold sales to central bank from taxes to boost foreign reserves

By law, all gold produced by small miners in the Philippines should be sold to the central bank at around market price, but miners have circumvented taxes introduced in 2011 by selling on the black market.

Reuters | May 22, 2019 | 9:28 am

Get ready for difficult times, China’s Xi warns during trade war

Acrimony has intensified since Washington last week blacklisted Chinese telecom equipment company Huawei Technologies Co Ltd.

Reuters | May 22, 2019 | 9:22 am

Aurubis buys recycler Metallo in move beyond copper

Europe's biggest copper smelter has agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million).

Reuters | May 22, 2019 | 9:16 am

China’s MMG says Las Bambas copper operations not disrupted, talks ongoing

The Fuerabamba community had imposed a new road blockade on the mine after talks with the company over compensation broke down.

Reuters | May 22, 2019 | 9:10 am

Glencore to supply cobalt feedstock to restart First Cobalt refinery in Canada

Glencore said it will also evaluate providing a loan to fund the capital needs to restart the refinery, as the two companies look to speed up the restart.

Reuters | May 21, 2019 | 1:57 pm

Miner Fresnillo warns of “more challenging” 2019

Fresnillo, which mines gold and silver in Mexico, said silver output dropped last month mainly due to lower grades of ore and lower ore throughput.

Reuters | May 21, 2019 | 12:15 pm

US push to capture carbon fuses green and fossil fuel interests

The United States has half of the world's 18 large-scale CCS (carbon capture and storage) projects.

Reuters | May 21, 2019 | 11:18 am

Tanzania to start cancelling inactive mining licences

Tanzania will start cancelling inactive mining exploration licences and distribute the acreage to artisanal miners who are able to immediately commence activity in the area.

Reuters | May 21, 2019 | 10:57 am

Vedanta, KCM seek urgent Zambia talks, court appoints liquidator

The news has rattled foreign investors already nervous governments in central African countries are seeking a much bigger share of resource revenues.

Reuters | May 21, 2019 | 10:17 am

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