Hedge funds say they lost $95 million in LME nickel crisis A group of hedge funds led by AQR Capital Management on Friday applied to force LME to hand over information relating to two key phone calls. Bloomberg News | December 16, 2022 | 10:09 am
EnCore Energy wins court challenge to South Dakota uranium project The Oglala Sioux Tribe and watchdog group Aligning for Responsible Mining wanted a US appeals court to review its decision in August approving the Nuclear Regulatory Commission’s licence. Colin McClelland | December 16, 2022 | 9:57 am
Gold price facing worst week in a month after Fed’s hawkish signal Despite a slight gain on Friday, gold remains on course for its biggest weekly decline since mid-November. Staff Writer | December 16, 2022 | 9:21 am
Coal price surge won’t stop Idemitsu selling Australian mine stake The Japan-based firm is in talks with several entities interested in acquiring its 85% stake in the Ensham mine in Queensland. Bloomberg News | December 16, 2022 | 8:47 am
World’s coal consumption set to breach new record this year Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tons in a single year for the first time. Bloomberg News | December 16, 2022 | 8:37 am
Shutting huge copper project shows why miners worry about starting them Panama’s decision to close a giant copper mine couldn’t come at a worse time for the market. Bloomberg News | December 16, 2022 | 8:31 am
China’s new iron ore buyer sets off biggest shakeup in years A new state-owned company called China Mineral Resources Group is poised to become the world’s biggest iron ore buyer as soon as next year. Bloomberg News | December 16, 2022 | 8:21 am
Namibian rare earth minerals project targets 2026 production Privately-owned Broadmind Mining says the company had started assessing the economic viability of the Eisenberg deposit. Reuters | December 16, 2022 | 8:10 am
Nucor, Electra partner to produce carbon-free iron for steelmaking A new process to refine low-grade iron ores into high-purity iron results in zero carbon dioxide emissions. Staff Writer | December 16, 2022 | 7:38 am
