Displaced by mining, Peru villagers spurn shiny new town

The remote town of Nueva Fuerabamba was built to house around 1,600 people who gave up their village and farmland to make room for a massive, open-pit copper mine.

Reuters | December 7, 2017 | 2:51 am

Vale sees 2018 iron ore prices not much lower than this year

Fabio Schvartsman also said the company would do everything to resume operations as soon as possible at the Samarco mine.

Reuters | December 6, 2017 | 12:23 pm

Vale expects to sell up to $1.5 bln in non-core assets through 2020

The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.

Reuters | December 6, 2017 | 12:12 pm

LME to deal clearing blow to new metals platform NFEx

The London Metal Exchange unlikely to provide clearing services for proposed new trading platform NFEx, a significant obstacle to the new exchange.

Reuters | December 6, 2017 | 12:06 pm

Gold near two-month lows as dollar firms

Adding pressure on gold was market expectation that the U.S. Federal Reserve is almost certain to raise interest rates next week at its final monetary policy meeting for the year.

Reuters | December 6, 2017 | 5:53 am

Tanzania-Zambia railway halts copper transportation after strike

The line is an important route for copper exports from Zambia and the Democratic Republic of Congo, Africa’s top copper producer.

Reuters | December 6, 2017 | 4:07 am

Data workers prove a rare resource for Barrick, fellow miners

The world's biggest gold miner is staking new ground in a dogged push to overhaul its operations, seeking scarce artificial intelligence experts to oversee projects using technology for everything from exploration to robot-run mining.

Reuters | December 6, 2017 | 3:32 am

Electric charge: Glencore bets big on car battery metals

Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards.

Reuters | December 5, 2017 | 2:00 am

Chalco enlists state funds, insurers in $1.9 bln debt-for-equity swap

This move by Chalco is the latest example of the Chinese government's efforts to reduce debt at state-owned companies and make them more efficient.

Reuters | December 4, 2017 | 10:02 am

Rio Tinto aims for “intelligent” Australian iron ore mine

This intelligent mine would cost around $2.2 billion to develop and incorporate technologies such as robotics, driverless trains and trucks on a single site.

Reuters | December 4, 2017 | 9:36 am

Vale to use cash flow to pay dividends, reduce debt -CEO

"The first thing we are going to do with the cash is pay debt, and then we are going to make this company's shareholders happy as never before," said Chief Executive Officer Fabio Schvartsman.

Reuters | December 4, 2017 | 7:00 am

Rio Tinto aims for “intelligent” Australian iron ore mine

This intelligent mine would cost around $2.2 billion to develop and incorporate technologies such as robotics, driverless trains and trucks on a single site.

Reuters | December 4, 2017 | 5:02 am

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