Peabody falls as production issues, weather crimp coal sales
Peabody Energy Corp. shares sunk to the lowest in seven months after the biggest US coal miner warned that first-quarter sales will be lower than expected due to production issues at mines in Australia and weak demand in the US.
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China coal group says peak demand imminent as clean power grows
China is rapidly approaching peak coal consumption, but the fossil fuel’s role in helping to address energy security concerns means its use will plateau for some time after that, according to the nation’s top industry association.
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Visit: 67
Iron ore boom of the 2000s repeating – this time with critical metals
A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.”
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Peabody to resume output at Australia coal mine next quarter
Mining News Pro - Peabody Energy Corp. plans to resume production next quarter at its North Goonyella mine in Australia, which has been closed since a 2018 fire.
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Visit: 111
Gold tests investor appeal as Fed prepares to pivot
Mining News Pro - Gold is facing a major test of investor appetite as the Federal Reserve commences a long-awaited pivot to rate cuts.
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Visit: 89
British court rejects Vale’s appeal in billion-dollar action for Mariana disaster
Mining News Pro -A British court rejected on Friday Vale’s appeal against the inclusion of the company in a lawsuit worth at least $46 billion against Vale, Samarco and BHP due to the collapse of the Fundão dam in Mariana, Minas Gerais, in 2015.
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European companies exploring ways to boost rare metal supply
Mining News Pro - European companies are exploring ways to replace the gallium and germanium supply put at risk by China’s export curbs after pressure from EU authorities, but the industry says incentives will be needed to make critical mineral production viable.
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Copper price gains as traders assess China deflation, Fedspeak
Mining News Pro - Copper futures rose 0.3% to $8,162.50 as of 11:03 a.m. in New York.
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Visit: 113
European insurers are underwriting 30% of US coal, study says
Mining News Pro - Some of Europe’s biggest insurers are underwriting close to a third of the coal production that takes place in the US, even after pledging to target net zero emissions, according to a report by climate campaign group Insure Our Future.
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Visit: 169
Silver price to benefit from solar sector demand once rates peak
Mining News Pro - Robust demand from the solar industry and limited supply growth from mines will buoy silver prices once the period of higher global interest rates is over, analysts said.
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Visit: 160
LME base metals index tumbles more than 30% since 2022 peak
Mining News Pro - The London Metals Exchange Index — a gauge for the six main metals traded on the bourse has tumbled more than 30% since its record high in 2022.
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Visit: 160
Li-Cycle mark European expansion with landmark venture
Mining News Pro - Glencore and Li-Cycle Holdings group, two of the world’s leading recyclers, have partnered up to deliver a landmark European project.
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Visit: 190
Coal use seen peaking next year as India, China determine future
Mining News Pro - Global coal consumption will likely peak by next year as economics and climate strategies shift the world toward cleaner energy, but several wild cards could determine how long the dirtiest fossil fuel persists, according to BloombergNEF.
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EU urges European banks to step up funding for critical minerals
Mining News Pro - European Commissioner Thierry Breton urged European financiers this week to provide more funding to suppliers of minerals needed for the energy transition, as the European Union prepares its Green Deal industrial plan.
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Visit: 204
Gold price eases from 8-month peak as investors await inflation data
Mining News Pro - Gold halted its latest rally on Wednesday as investors positioned themselves ahead of new US inflation data that could hint at the Federal Reserve’s policy path, with expectations mounting that slower rate hikes are on the horizon.
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Visit: 163
First Quantum to appeal Panama order to halt giant copper mine
Mining News Pro - Canada’s First Quantum Minerals said on Tuesday it planned to appeal an order by Panama’s government to halt its giant copper mine in the country as the two sides remain in talks over a new contract that would increase royalties paid by the miner.
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Visit: 279
Lithium explorer Wealth Minerals targets European investors
Mining News Pro - Wealth Minerals Ltd. is betting that its plan to use a more sustainable lithium mining method will lure European buyers of the mineral used in electric vehicle batteries and solar panels.
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European consortium gets €12.3m to develop mine management system
Mining News Pro - The ultimate goal behind the new system is to reduce Europe’s dependence on imported minerals and metals used to produce everything from mobile phones, to renewable energy, and modern defence equipment.
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SolGold delays Cascabel DFS, Porvenir PEA as it looks to cost reduction
Mining News Pro - SolGold discovered and defined the resources at Cascabel for less than $0.01/lb of copper-equivalent or less than $3/oz of gold-equivalent.
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Visit: 299
DR Congo town set to 'disappear' as mines expand
Mining News Pro - The Chinese-owned mine wants to expand, and many of Mutombo's fellow residents have taken buy-outs.
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Visit: 356
Rio2 appeals rejection of EIA for Chile gold project
Mining News Pro - Canada’s Rio2’s is appealing the rejection of the environmental impact assessment (EIA) for its Fenix gold project in Chile’s northern Maricunga region, arguing the dismissal is not consistent with the environmental assessment process that took place over the past two years.
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Gold price set for fourth weekly gain amid easing inflation, Fed speak
Mining News Pro - Gold headed for its fourth straight weekly gain as traders weighed further signs of easing inflationary pressures and hawkish remarks by Federal Reserve officials.
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Visit: 482
Tiny pure-gold pin is ‘pulsing heart’ of European space mission
Mining News Pro - A pure-gold pin not much bigger than the tip of a pencil is the ‘pulsing heart’ of the European Space Agency’s Low Earth Orbit Facility, LEOX.
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Anglo American to appeal El Soldado project rejection
Mining News Pro - Anglo American is planning to appeal a Chilean environmental commission’s rejection of its $40 million operational continuity project for El Soldado copper mine, 125km north of the capital Santiago.
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Seabridge Gold PEA outlines standalone underground mine plan at KSM in British Columbia
Mining News Pro - Seabridge Gold has announced results of a preliminary economic assessment (PEA) for a potential copper-rich underground mine at its 100% owned KSM project located in northern British Columbia.
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Visit: 636