BMO bankers sent each other crude memes before they were fired
Junior bankers who were recently fired from Bank of Montreal’s metals and mining group used work-sharing platforms to circulate crude jokes and at least one obscene image, which were discovered during an internal investigation after another employee complained, according to people with knowledge of the matter.
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Uranium miners posed to extend gains on supply crunch
Uranium-mining stocks are poised to extend their red-hot run in 2024 as a supply crunch sends the price of the yellow metal even higher, according to Sprott, a commodities-focused investment manager.
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Japan’s Jan-March crude steel output forecast to rise 1.7%
Mining News Pro - Japan’s crude steel output is forecast to rise 1.7% year on year in the first three months of 2024 because of healthy demand from automakers, the Ministry of Economy, Trade and Industry (METI) said on Tuesday.
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Glencore’s prized Canadian coal mines come with rising environmental scrutiny
Mining News Pro - A Glencore-led consortium’s successful $9 billion bid for Teck Resources’ steelmaking coal unit could face tougher environmental clean-up obligations, as water pollution from the mines comes under increasing scrutiny in the US and Canada.
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Canada likely to approve Glencore-Teck deal despite foreign investment scrutiny
Mining News Pro - As Glencore prepares for the long grind to convince Canada of the virtues of the Swiss trader-led consortium’s $9 billion bid for Teck Resources’ coal unit, investors and lawyers are optimistic about the deal approval despite the government’s increased scrutiny of foreign investments.
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As Exxon eyes lithium, crucial decision looms on filtration technology
Mining News Pro - Exxon Mobil has yet to decide which lithium filtration technology it will deploy as part of its aggressive plans to become one of the world’s top producers of the metal used to make electric vehicle (EV) batteries, an executive said on Tuesday.
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Glencore-backed zinc miner is getting crushed in the debt market
Mining News Pro - A Peruvian zinc miner has seen its bonds tumble to an all-time low as investors grow increasingly concerned about its ability to refinance maturing debt and Swiss commodities giant Glencore Plc looks to sell its controlling stake.
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Trafigura’s $600 million cobalt play faces cash crunch in Congo
Mining News Pro - Trafigura Group has been forced to seek new funding for one of its flagship investments — a $600 million copper-cobalt project in the Democratic Republic of Congo — in the latest headache for the trading house’s embattled metals business.
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Biden’s energy funds fall behind schedule over China scrutiny
Mining News Pro - US Energy Secretary Jennifer Granholm knows time is not on her side.
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Mexico’s executive scrutinizes mining concessions in protected areas
Mining News Pro - About 7% of Mexico’s mining concessions are located within protected areas, a report presented by the federal government to the parliament shows.
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China’s lithium mining likely to face more scrutiny
Mining News Pro - China’s lithium mining will likely face disruption as the government steps up scrutiny of a range of problems that have emerged from extracting the metal, experts said on Wednesday.
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World to face potash price crunch as Brazil Potash propels Autazes project toward production
Mining News Pro - High potash prices will likely persist as the world scrambles to bring more production online amidst concerns over food security, privately held developer Brazil Potash says.
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Japan’s Jan-March crude steel output seen falling 4.0% year-on-year
Mining News Pro -Japan’s crude steel output in the January-March quarter of 2023 is forecast to fall 4.0% from a year earlier to 22.10 million tonnes, the Ministry of Economy, Trade and Industry (METI) said on Thursday.
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Aluminum-based material can scrub CO2 from coal-fired power plants’ exhaust
Mining News Pro - Among them, aluminum formate – which the scientists refer to as ALF – has proven effective in separating carbon dioxide from the other gases that commonly fly out of the smokestacks of coal-fired power plants. It also lacks the shortcomings that other proposed carbon filtration materials have.
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Visit: 357
US coal prices climb past $200 as global energy crunch boosts demand
Mining News Pro - US coal prices surged past $200 for the first time as a global energy crunch drives up demand for the dirtiest fossil fuel.
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Copper price pressured by crumbling demand
Mining News Pro - The copper price was down on Monday despite expectations of weakening demand reinforced by manufacturing data from around the world, a strong dollar, and rising inventories in warehouses approved by the London Metal Exchange.
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Visit: 504
Zinc price highest since March as energy crunch threatens smelters
Mining News Pro - The zinc price rose the most in almost five months on Thursday after Glencore warned that Europe’s energy crisis poses a substantial threat to supply.
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11% growth in crude steel production in Mobarakeh-Sangan Steel Group
Mining News Pro - From the beginning of April to the end of June, the pellet production of Mobarakeh Steel Group (Mobarakeh and Sangan Steel Company) increased by 6.6 percent compared to the same period of the previous year to three million and 303 thousand tons.
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Special Oxin Steel products are crucial for Iran’s oil and gas industry
Mining News Pro - Khuzestan Oxin Steel began its operation in 2008 with the aim of meeting the country's need for API and special alloy sheets used in oil and gas industries.
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Brazil central bank recruited to save Amazon from illegal mining
Mining News Pro - The threat to the Brazilian Amazon posed by illegal mining is so big that the formal mining industry is trying to get the country’s central bank involved.
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Europe’s power crunch cuts zinc and aluminum capacity in half
Mining News Pro - Europe has lost about half of its zinc and aluminum smelting capacity within the past year, and a further surge in power prices could knock more plants offline over winter, the region’s biggest metal producers warned.
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Tesla’s Denholm says Australia is key to avoid EV battery crunch
Mining News Pro - Lithium powerhouse Australia, which produces about half of all unprocessed supplies of the raw material, needs to add capacity in refining and manufacturing to help the world meet surging demand for batteries, according to Tesla Inc. Chair Robyn Denholm.
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Ancient piece of earth’s crust defines location of economically important minerals
Mining News Pro - Researchers at Curtin University have found evidence of an almost four-billion-year-old piece of the earth’s crust that lies beneath the southwestern part of Western Australia.
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Rio Tinto faces labour crunch in Western Australia
Mining News Pro - Rio Tinto on Friday warned that covid-19-related labour shortages in the resource-rich state of Western Australia and rising inflation would impact its underlying earnings in the second half, knocking its stock lower.
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Copper price crushed as funds turn negative on recession fears
Mining News Pro - Copper prices collapsed to a 16-month low last week amid mounting concerns that inflationary pressures in western economies will morph into outright recession.
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Visit: 763