Economic & Industrial

Mining News Pro - Nine years after the implementation of a law requiring publicly traded companies to ensure their raw materials don’t come from mines that use child labour or fund warlords or corrupt soldiers, companies’ efforts to comply continue to fall short.

Mining News Pro - Indonesia’s government has appointed state miner PT Inalum to purchase a stake that PT Vale Indonesia intends to sell, the Director General of Coal and Minerals, Bambang Gatot Ariyono, said on Monday.

Mining News Pro - CEO of National Iranian Copper Industries Company mentioned the Minex exhibition and said: “Currently, development and efflorescence of mining industry depends on recognizing and creating investment opportunities.”

Mining News Pro - Hardly three years ago expectations of a demand boom for battery materials used in electric vehicles (EVs) and energy storage reignited interest in the mining sector as the China-induced supercycle in commodities demand started levelling off.

Mining News Pro - Chile’s Minera Zaldívar, which is 50% owned by Barrick Gold and 50% by Antofagasta Minerals — the mining arm of Antofagasta Plc — yielded to the demands of the Supervisors Union to avoid a strike that had been looming since late August.

Mining News Pro - Saudi Arabia announced that it has created an independent Ministry of Industry and Mineral Resources, separating it from the Energy Ministry, a move that is understood as part of the kingdom’s strategy to diversify the economy away from oil.

Mining News Pro - Gold pared gains after U.S. President Donald Trump said China was willing to resume trade talks, easing demand for the metal as a haven.

Mining News Pro - Russian President Vladimir Putin has asked the government to review a mineral extraction tax for the Russian coal industry by Oct. 31, instructions published by the Kremlin showed on Saturday.

Mining News Pro - While China’s industrial sector crashes, one corner is booming. Oddly enough, it’s probably bad news for participants.

Mining News Pro - The government of Armenia published Wednesday the results of a long-awaited public audit on Lydian International’s (TSX:LYD) Amulsar gold project, which states there are no grounds for criminal proceedings against the company.

Mining News Pro - Kazakh mining company Eurasian Natural Resources Corp. has asked a British court to stall the U.K.’s pursuit of corruption charges following a six-year bribery investigation.

China’s rare earths association said it would support Chinese counter-measures in the escalating trade row with the United States, which it accused on Wednesday of “bullying”.Mining News Pro -

Mining News Pro - Automation is a hot topic in the mining industry, as producers look at ways to increase both productivity and onsite safety.

Mining News Pro - In a bid to boost revenue from the country’s mining industry, President Ali Bongo has launched a new code that seeks to attract investors, Mining Minister Tony Ondo Mba told economic operators in the capital Libreville.

Mining News Pro - President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties after setbacks in negotiations with Beijing.

Mining News Pro - Australia’s Lynas Corp (ASX: LYC) reported Monday a drop in sales revenue and production of rare earths due to ongoing trade tensions between China and the United States, which have negatively impacted Beijing’s demand.

Mining News Pro - The Mexican Chamber of Mines or Camimex announced that total investments in environmental programs carried out by companies affiliated to the group will add up to $177.2 million in 2019, almost a 17% increase from the $151.5 million invested in 2018.

Mining News Pro - Brazilian securities regulator CVM has opened two probes into Vale Chief Financial Officer Luciano Siani’s conduct in the aftermath of a dam burst in late January that killed nearly 250 people, according to the CVM’s website.

Mining News Pro - Dubai’s DSA Investments is considering forming a venture with a South African labor union to bid for coal assets that Glencore Plc was pressured into selling to a company controlled by the politically-connected Gupta family in 2015.

Mining News Pro - BHP (ASX, NYSE:BHP) has committed to invest $400 million over five years to reduce greenhouse gas emissions from its operations and mined commodities, as the world’s number one mining company looks to take an industry lead on tackling climate change.

In Picture

Mining News Center