Chile copper production down 4.27% in September – Cochilco Production from state-owned giant Codelco fell 7.92% on a year-on-year basis to 123,200 tonnes. Reuters | November 3, 2022 | 11:18 am
Iron ore’s slump likely to deepen until China’s economy revives China’s steel industry has been warning of a crisis since the summer, and the third quarter saw major mills turn in their first aggregate loss since at least 2018. Bloomberg News | November 3, 2022 | 10:34 am
UK court fines Glencore $308 million for bribing its way across Africa The UK Serious Fraud Office showed how Glencore paid more than $28 million in bribes across five African countries over five years to 2016. Bloomberg News | November 3, 2022 | 10:30 am
Lithium Americas to split into two companies The new Lithium Americas company will own the Thacker Pass lithium project in Nevada and investments in Green Technology Metals and Ascend Elements. Staff Writer | November 3, 2022 | 10:13 am
Alcoa sent three letters to the LME requesting action on Russian metal Alcoa expressed concerns that large amounts of Russian aluminum flowing into LME-registered warehouses could distort the exchange's aluminum contract. Reuters | November 3, 2022 | 9:56 am
Barrick CEO sees few decent deals in ‘fragmented’ gold industry The world’s No. 2 bullion producer is keeping “a sharp outlook for M&A opportunities,” Chief Executive Officer Mark Bristow said Thursday. Bloomberg News | November 3, 2022 | 9:49 am
Blockades at Peru’s Las Bambas copper mine hit operations Las Bambas, owned by Chinese firm MMG Ltd, is one of the largest copper mines in the world. Reuters | November 3, 2022 | 9:35 am
Mystery whales baffle gold market after central bank purchases Central banks bought 399 tonnes of bullion in the third quarter, almost double the previous record, according to the World Gold Council. Bloomberg News | November 3, 2022 | 9:26 am
Cashed-up Nevada Copper works towards underground mine restart in H2 2023 An optimized life-of-mine plan that focuses on accessing the larger, higher-grade stopes of the East North zone has been completed. Staff Writer | November 3, 2022 | 9:26 am
