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
China cuts coal import tariffs to zero to increase supply China’s coal imports are down 24% through the end of March this year as global prices have soared. Bloomberg News | April 28, 2022 | 8:08 am
Top bid for lithium up 140% after Musk’s ‘insane levels’ call Pilbara Minerals Ltd.’s auction of spodumene concentrate attracted a top bid of $5,650 a ton on Wednesday. Bloomberg News | April 28, 2022 | 7:59 am
Nyrstar to invest $284m in zinc electrolysis plant in Australia The investment includes funding of A$50 million from the Federal Coalition and A$20 million from the Tasmanian government. Reuters | April 28, 2022 | 7:52 am
Lynas races to keep up with global rare earths demand The company is in talks with governments eager to beef up access to rare earths outside China. Reuters | April 28, 2022 | 7:49 am
Eramet raises profit target as metal prices outweigh costs The company reported first-quarter sales of 1.2 billion euros, up nearly 80% from a year earlier. Reuters | April 28, 2022 | 7:42 am
