Vale says won’t pay bonuses to striking Mozambique mine workers

The global miner said on Monday it would not pay bonuses demanded by its workers in what it called an illegal strike at the Moatize coal plant in Mozambique.

Reuters | December 18, 2017 | 3:48 pm

Russia’s Nornickel opens $2.5 bln credit line for refinancing

The proceeds will be used for refinancing existing debt, financing capital expenditure and general corporate purposes.

Reuters | December 18, 2017 | 8:58 am

Gold miner Avocet to sell Burkina Faso assets

The sale is part of a larger restructuring involving Avocet's overdue loans totaling $28.7 million.

Reuters | December 18, 2017 | 8:52 am

ArcelorMittal South Africa paying first fine instalment in parts

ArcelorMittal South Africa, which has agreed to pay a 1.5 billion rand ($116.85 million) fine for colluding to fix steel prices in five instalments.

Reuters | December 18, 2017 | 8:42 am

First Quantum buys option for stake in Northern Dynasty project

Northern Dynasty Minerals, owner of the Pebble copper-gold project in Alaska, said rival First Quantum Minerals acquired the option to buy half of the project for $1.50 billion.

Reuters | December 18, 2017 | 8:30 am

Rio Tinto to retrofit Pilbara trucks for autonomous handling

Mining giant Rio Tinto Ltd said it plans to expand its fleet of autonomous trucks operating in Australia’s Pilbara iron-ore region, part of a cost-cutting program across its operations.

Reuters | December 17, 2017 | 5:40 pm

Vale workers in Mozambique down tools at Moatize mine over bonus pay

Workers at Vale's Mozambique Moatize coal mine downed tools on Friday in a dispute over bonus payments, paralysing work at the plant.

Reuters | December 15, 2017 | 1:48 pm

Natixis bank broadens metals fraud lawsuit, targets Glencore unit

French bank Natixis has broadened its $32 million lawsuit over fraudulent receipts for nickel stored at warehouses in Asia by adding a unit of commodities giant Glencore as a defendant, a court filing showed.

Reuters | December 15, 2017 | 1:44 pm

Asia Gold-Price dip props up demand, India buyers await lower prices

Gold demand in most Asian centres firmed this week, spurred on by a dip in prices although buyers in the world's second-biggest consumer India held off buying in the hope of further falls.

Reuters | December 15, 2017 | 1:41 pm

Poland’s KGHM considers appeal against British Columbia mine rejection

On Friday, KGHM said it was considering next step after BC said it would not issue an environmental certificate for its Ajax copper and gold mine.

Reuters | December 15, 2017 | 1:34 pm

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles

Australia, home to world's second-biggest cobalt reserves, is seeing rush of interest in projects from makers of the batteries used in electric vehicles.

Reuters | December 15, 2017 | 12:35 pm

ArcelorMittal says Kazakh coal miners end strike

Coal miners at ArcelorMittal's Kazakh unit ended their sit-in and emerged from the mines after offers of a pay rise and the threat of legal action.

Reuters | December 15, 2017 | 12:05 pm

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