Brazil police launch probe into Braskem as mine risks collapsing Latin America’s largest petrochemical is under increasing pressure as the ground sinks in parts of the city of Maceio. Bloomberg News | December 21, 2023 | 9:24 am
First Quantum committed to Panama amid mine dispute, CEO says First Quantum received an initial “framework” from Panamanian authorities on Tuesday for closing the mine by June 2024. Bloomberg News | December 20, 2023 | 2:12 pm
Codelco gets double downgrade at S&P as copper slump swells debt Codelco’s production levels are at the lowest in a quarter century. Bloomberg News | December 20, 2023 | 12:33 pm
Coal financing is still booming—led by China The amount of bank financing going to mining coal remains at surprisingly high levels. Bloomberg News | December 20, 2023 | 8:18 am
Platinum miners’ underground protest in South Africa goes on Impala Platinum has stated that an underground protest at the Bafokeng Rasimone mine remains unresolved, with more than 2,000 workers still below the surface. Bloomberg News | December 20, 2023 | 8:13 am
Nippon Steel’s wily president key to battle over US Steel Nippon Steel’s stock has climbed 58% since Eiji Hashimoto took the helm in April 2019. Bloomberg News | December 19, 2023 | 5:15 pm
Peabody to resume output at Australia coal mine next quarter North Goonyella has been closed since a 2018 fire. Bloomberg News | December 19, 2023 | 3:10 pm
Diamond sales slowly restart after efforts to halt price crash The world’s two biggest diamond miners are selling stones again after the industry all but halted supplies. Bloomberg News | December 19, 2023 | 9:57 am
Australia wants to compete with China on critical minerals, Minister King says Since coming to power in May 2022, Australia’s center-left Labor government has ramped up investment in minerals. Bloomberg News | December 19, 2023 | 5:47 am
Nippon Steel agrees to buy US Steel for $14.1 billion The deal caps months of uncertainty over the future of the iconic American company. Bloomberg News | December 18, 2023 | 6:48 am
Burkina Faso replaces mining minister as gold output drops Gold output in one of Africa’s biggest producers dropped 13% to 58.2 tons in 2022. Bloomberg News | December 18, 2023 | 5:26 am
Lithium ends dire year with cautious mood during contract season Producers have recently been in talks with clients — mostly in Asia — to hash out contracts for 2024. Bloomberg News | December 17, 2023 | 2:46 pm
