South African labour union ends ArcelorMittal strike after signing wage deal
NUMSA, which embarked on a strike on May 11 demanding a 10% wage hike, said it had agreed on a 6.5% increase across the board.
NUMSA, which embarked on a strike on May 11 demanding a 10% wage hike, said it had agreed on a 6.5% increase across the board.
The Mexican government suspended the mining operations of the company earlier in May.
Company is reweighting its portfolio more towards copper over significant rising demand fueled by the transition to the low-carbon economy.
The government announced on Saturday that export tariffs on new iron ores and concentrates would be raised to 50% from 30%.
The World Bank’s ICSID ruling comes eight years after BSGR launched arbitration proceedings against Guinea for alleged expropriation of the asset.
Chile’s government is looking at a gradual implementation for a proposed ban on mining near glaciers in order to limit the impact on some of the world’s biggest copper mines.
Samarco became unable to pay its $10.2 billion debt after its waste dam collapsed in 2015, killing 19 people.
Deal creates a top ten global independent oil and gas producer worth $40 billion, with assets in Australia, the US, Mexico, Senegal and Trinidad.
The MRE amounted to 22 million tonnes averaging 0.79 g/t gold and 26.7 g/t silver in the inferred category.
Vale and BHP are expected to ask the court for the right to vote on the plan. If not allowed, the creditors' plan could be easily approved.