LME boss quits for crypto after bruising year

The International Council on Mining and Metals (ICMM) has picked someone outside the industry to oversee an initiative aimed at setting new dam safety standards for miners.

According to Sweden's Deputy Minister of Foreign Trade and Promotion, the country has become lithium-thirsty due to an increase in demand for electric cars.

The company stopped output at Port Pirie on May 28 due to an unplanned outage at the blast furnace.

The UK's push to move away from coal-fired power plants has been taking place since 2015.

None of the potential buyers, which include GFG Alliance and former owner Greybull, would be willing to take on the whole company, even for a nominal sum.

Global growth in 2019 has been downgraded 0.3 percentage point below previous forecasts, reflecting weaker-than expected international trade and investment at the start of the year, the World Bank says.  

The Bank of Russia made the change to its pricing policy this year, saying it would buy from dealers at a level slightly below the benchmark London gold price.

The new government intends to look into establishing a mining tax and analyzing the possibility of taxing capital gains from the sale of mining rights.

Gas and coal prices are plunging in Europe, hurt by the relentless threat of ever-cheaper clean energy.