Column: China’s iron ore imports may hold up despite gloomy economy The Chinese central bank cut policy rates on Tuesday, the second reduction in three months. Reuters | August 15, 2023 | 8:32 am
Iron ore price climbs as China’s PBOC cuts rates to support recovery The metal rose after the People’s Bank of China cut the rate on one-year loans by 15 basis points — the most since 2020. Bloomberg News | August 15, 2023 | 8:20 am
Ecuador’s tense vote also threatens to end mining, oil projects Ecuadorians are expected to vote in favor of referendums to order the closing of a major oil field and restrict gold and copper mining. Bloomberg News | August 15, 2023 | 8:10 am
More than 50 firms want in on new lithium-mining model in Chile Bidding for the exploration contracts is scheduled to take place early next year. Bloomberg News | August 15, 2023 | 8:04 am
Weak demand sends near-term LME aluminum discount to highest since 2008 The LME benchmark three-month aluminum contract dropped to its lowest since July 7. Reuters | August 15, 2023 | 7:45 am
Miners face ‘considerable challenges’ meeting demand from US climate law – study Nickel and cobalt supplies are unlikely to satisfy demand, S&P Global said in a report. Reuters | August 15, 2023 | 7:41 am
Myanmar rescuers recover 22 bodies after a deadly landslide The accident occurred on Sunday in Hpakant in Kachin state, where a giant heap of excavated earth and rubble collapsed. Reuters | August 15, 2023 | 7:34 am
Erdene to pour first gold at Mongolia mine in 2025 The Bayan Khundii open-pit gold mine is expected to produce 74,200 ounces of gold annually over its 6.5-year mine life. Cecilia Jamasmie | August 15, 2023 | 7:03 am
Researcher to study ’green’ steelmaking process at the atomic level A researcher at Binghamton University received almost half a million dollars to investigate how hydrogen-based direct reduction works at the atomic level. Staff Writer | August 15, 2023 | 6:06 am