Peru police carry out second day of evictions at halted Las Bambas mine Las Bambas suspended operations on April 20 after communities had settled inside the mine. Reuters | April 28, 2022 | 11:08 am
Caterpillar warns of weaker China demand as lockdowns bite The company’s first-quarter results Thursday showed China sales and demand slumping, even as other businesses including mining and construction improved. Bloomberg News | April 28, 2022 | 10:37 am
High prices set to dent gold sales in India Sales slumped 18% from a year earlier and imports plummeted by more than half in the January-to-March period as prices surged. Bloomberg News | April 28, 2022 | 10:32 am
Vedanta doles out $1.5 billion dividend in relief for parent Separately, Vedanta Resources announced a tender offer to buy back as much as $500 million of its dollar notes due in July. Bloomberg News | April 28, 2022 | 10:10 am
Rubio questions Volkswagen’s ties to metal suppliers in China over human rights The probe is part of a broader debate over humanitarian issues in supply chains for materials needed in clean energy technology. Bloomberg News | April 28, 2022 | 8:40 am
Peabody sinks after taking $301 million charge on coal hedge Chief executive officer Jim Grech said strong global market dynamics will continue to favour its products. Bloomberg News | April 28, 2022 | 8:30 am
SEC sues Vale for false claims tied to Brumadinho dam collapse The SEC’s complaint, filed in federal court in Brooklyn, is seeking civil penalties, ill-gotten gains plus interest. Bloomberg News | April 28, 2022 | 8:25 am
Champion Iron Q4 production drops 7% due to lower head grade, throughput During Q4, the Bloom Lake operation produced 1.87 million tonnes of high-grade 66.2% iron concentrate. Staff Writer | April 28, 2022 | 8:20 am
One by one, mega miners show why metals supply is so squeezed Glencore Plc is the latest giant miner to pare back production forecasts, in what’s turning out to be a difficult start to the year for companies. Bloomberg News | April 28, 2022 | 8:18 am
