Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMILooking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.Staff Writer | November 24, 2024 | 10:05 am
Adani’s Australian coal unit faces human rights complaintThe complaint details how Adani employees sought to “verbally and…Reuters | November 23, 2024 | 3:24 pm
Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau SummitThe transaction is expected to close in early 2025.Reuters | November 21, 2024 | 7:22 am
Private equity deals in mining sector tumble by half in 2024 – report Total transaction value as of Sept. 30 was $4.76 billion, down more than 50% compared to the $10.52 billion registered in the full year 2023. Staff Writer | October 29, 2024 | 1:02 pm
India’s festive gold buying spree continues, defying record price Indian buyers of gold brushed off record high prices and made purchases for the Dhanteras and Diwali festivals starting on Tuesday. Reuters | October 29, 2024 | 7:54 am
Trillions needed to achieve net-zero by 2050 — Wood Mackenzie The report shows the world needs to invest $78 trillion in the next 25 years to achieve net zero and a 1.5C warming scenario. Cecilia Jamasmie | October 29, 2024 | 6:47 am
Vale, Jinnan invest $627m in iron ore plant in Oman Facility in the port city of Sohar will process 18 million tonnes of iron ore from 2027. Staff Writer | October 28, 2024 | 10:05 am
Metso wins equipment order from Hindalco for precious metals refinery This state-of-the-art refinery will be associated with the new e-waste recycling plant that Hindalco is building in Pakhajan, Gujarat. Staff Writer | October 28, 2024 | 9:52 am
Korea Zinc attempts to fend off takeover with $1.5 billion share buyback Korea Zinc announced Monday it has secured a 9.85% stake in the company via a tender offer that expired last week. Reuters | October 28, 2024 | 1:48 am
Coal billionaire Tykac eyes growth in bet against ESG uptake Pavel Tykac’s Sev.en Group has taken advantage of cheap valuations to buy up coal power stations and mines in the US, Australia and Vietnam. Bloomberg News | October 25, 2024 | 9:20 am
Thungela CEO sees world shunning new coal as boon for existing mines New coal investment may be drying up, but for miners like Thungela that could be a boon if Asia's ravenous appetite keeps prices bouyant. Reuters | October 25, 2024 | 7:25 am
Anglo American copper, diamond output down in Q3, 2024 guidance unchanged Copper will make up 60% of Anglo's business after it sells its Australian steelmaking coal assets and nickel mines in Brazil. Reuters | October 24, 2024 | 3:56 am