Rio Tinto signs MOU with China’s Nanjing Steel on decarbonization Upstream mining giants have accelerated cooperation with their big consumers on decarbonizing the steel value chain to cope with climate change. Reuters | October 25, 2024 | 7:49 am
China will hit peak copper around 2030, industry group says China’s demand growth in the five years up to 2030 will average 1.1%, down from 3.9% in the five years to 2025, Antaike analyst says. Bloomberg News | October 25, 2024 | 7:43 am
Thungela CEO sees world shunning new coal as boon for existing mines New coal investment may be drying up, but for miners like Thungela that could be a boon if Asia's ravenous appetite keeps prices bouyant. Reuters | October 25, 2024 | 7:25 am
Mining People: Fokus, GR Silver, Metso, Nations Royalty, Canada NIckel Key moves in the mining sector. Staff Writer | October 25, 2024 | 6:49 am
Adriatic Metals gets approval for new tailings facility It allows Adriatic to begin the disposing of mine waste at the former Veovaca open-pit mine by December 2024. Cecilia Jamasmie | October 25, 2024 | 4:13 am
Vale’s third-quarter profit falls 15% on dam collapse provisions, lower ore prices Vale reported a 10% decline in its net revenue year-on-year to $9.55 billion, in line with analyst expectations. Reuters | October 24, 2024 | 5:46 pm
UK critical mineral importers to get financial support in budget Part of a broader effort to bolster British industries and reduce their reliance on China. Bloomberg News | October 24, 2024 | 4:52 pm
Micromine to launch new mine planning tool for underground operations Micromine Advance is a brand-new tool designed to model the complexity of underground operations. Staff Writer | October 24, 2024 | 4:16 pm
Gold miners crippled by costs risk losing out on bullion’s boom Analysts had high hopes for the industry, with gold among the best-performing commodities this year, surging more than 30% on the outlook for lower interest rates and geopolitical turmoil. Bloomberg News | October 24, 2024 | 3:03 pm
