Underwater power play for metals in full swingThe International Seabed Authority, which next meets in July, is hashing out the world’s first underwater mining code.Alisha Hiyate | May 3, 2024 | 6:24 am
Coal India reports 26% rise in profit as staff costs fallCoal India’s stock has nearly doubled over the past year.Bloomberg News | May 2, 2024 | 7:51 am
Sumitomo Corp net profit down 32% on Madagascar one-off lossSumitomo booked a total of 150 billion yen one-off losses…Reuters | May 2, 2024 | 5:21 am
India’s mineral production grows nearly 6% in January The country produced over 99.8 million tonnes of coal in the period on the back of rising power demand. Reuters | March 20, 2024 | 6:47 am
Sigma Lithium receives letter of arbitration from LG Energy Solution LG Energy alleges that Sigma is in breach of certain provisions in connection to a lithium supply agreement entered in 2021. Reuters | March 19, 2024 | 3:50 pm
Alleged $600 million nickel fraudster can’t pay his bills Prateek Gupta was last year accused by commodities giant Trafigura Group of orchestrating a massive fraud against it. Bloomberg News | March 19, 2024 | 10:51 am
MineHub expands partnership with Sumitomo by adding refined copper trading The Japanese trading house expects to integrate its refined copper business onto the MineHub platform starting with key customers in the Asian market. Staff Writer | March 19, 2024 | 7:59 am
Coal, oil, gas resources should remain in the ground to reach Paris Agreement goals – study In a paper published in the journal Nature Communications, UB scientists present a global atlas of unburnable oil. Staff Writer | March 19, 2024 | 6:06 am
Indonesia issues nickel production quotas for 152.62mt In 2023, Indonesia produced 193.5 million tonnes of nickel ore. Reuters | March 19, 2024 | 5:55 am
Indonesian tin miner Timah receives export permit of 30,000 tons for 2024 Earlier this week, tin prices surged to their highest in seven months. Reuters | March 19, 2024 | 5:42 am
Global commodity trading profits topped $100 billion for second-best year ever While earnings fell from 2022’s blockbuster records, profits across the sector still easily eclipsed prior highlights such as in 2008-2009. Bloomberg News | March 18, 2024 | 7:57 am
Indonesia says Vale to build another $2bn HPAL plant PT Vale Indonesia is exploring a potential investment in a high-pressure acid leaching plant in Sulawesi island. Reuters | March 18, 2024 | 7:38 am