China loses appetite for Russian coal as import costs rise Russian exports plunged 22% in the first quarter after Beijing imposed a tax regime that favors some of Russia’s rivals. Bloomberg News | April 23, 2024 | 7:20 am
Sandvik buys majority stake in China-based Suzhou Ahno Sandvik, which already owns a 12.4% stake, said it will through the deal raise its stake to 72.4%. Reuters | April 23, 2024 | 6:44 am
Metals Acquisition extends CSA mine life to 11 years after reserve update CSA, acquired from Glencore, is one of Australia’s longest operating copper mines with a history stretching back almost 150 years. Staff Writer | April 23, 2024 | 6:31 am
Coal trains also carry respiratory diseases to communities on their way – study Trains carrying loads of coal bring with them higher rates of asthma, heart disease, hospitalization and death for residents living nearest the rail lines. Staff Writer | April 23, 2024 | 6:06 am
Anglo American bullish on copper outlook, cuts diamond targets It produced 11% more copper in the first quarter, but its diamond unit De Beers saw output drop by 23% on high inventories. Cecilia Jamasmie | April 23, 2024 | 5:35 am
Kumba quarterly sales fall 10% as port challenges curb exports The decline was mainly due to the unreliability of equipment used to handle ore consignments at Saldanha Bay Port, Kumba said. Reuters | April 23, 2024 | 5:31 am
Gold price falls again after biggest daily slump in almost two years After climbing to a record earlier this month, the precious metal has now fallen below $2,300 an ounce. Bloomberg News | April 23, 2024 | 5:26 am
Freeport-McMoRan beats on copper production, gold output surges The mining giant said its quarterly production of copper rose to 1.1 billion pounds from 965 million pounds a year earlier. Reuters | April 23, 2024 | 5:13 am
China can’t quit coal by 2040, researchers say, despite global climate goals Norwegian risk assessment firm DNV said China's coal consumption will see a "minor uptick" in the next two years. Reuters | April 23, 2024 | 5:06 am