MinRes to sell minority stake in Onslow haul road for $864 million The Onslow iron ore project is a joint venture with giant steelmakers China Baowu, POSCO and Advanced Micro Controls. Reuters | June 5, 2024 | 8:10 am
China’s unusually large copper stockpiles fuel demand concerns Stockpiles of the metal held in Shanghai Futures Exchange warehouses ended last week well above 300,000 tonnes. Bloomberg News | June 5, 2024 | 7:59 am
Traders are desperate for copper deals and miners are cashing in Recent moves by cash-flush energy traders are raising tensions and sparking a scramble for contracts. Bloomberg News | June 5, 2024 | 7:25 am
Glencore said to weigh selling stake in Kazakh miner Kazzinc The company has already sold zinc assets in Peru, and some of its smaller copper operations. Bloomberg News | June 5, 2024 | 7:13 am
Iron ore price hits seven-week low on softening China steel demand, higher supply bets Iron ore futures extended their decline to a fifth straight session on Wednesday. Reuters | June 5, 2024 | 7:07 am
Rusal in talks to mine bauxite in Sierra Leone Rusal already has operations in neighboring Guinea. Reuters | June 5, 2024 | 7:00 am
Antofagasta to invest $1.5bn for water transport system at Chile copper mine Chile has suffered a 15-year drought. Reuters | June 5, 2024 | 6:54 am
De Beers aims to rebrand as top jewellery group De Beers seeks becoming a leading luxury jewellery retailer as it reels from weak market conditions and the failed BHP bid for Anglo American. Cecilia Jamasmie | June 5, 2024 | 5:26 am
Coal mines’ proximity to urban centres in Australia poses health risks to local populations — study Coal mine proximity to major townships potentially exposes nearby communities to higher levels of CO2 in the air. Staff Writer | June 5, 2024 | 5:23 am