Platinum’s worst crisis in decades hits jobs in South Africa
South Africa’s platinum producers are in crisis, as slumping metal prices force jobs cuts and erode profits.
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Visit: 84
Northam CEO says South African platinum miners facing worst crisis in decades
Northam Platinum’s CEO said on Friday that platinum mining companies in South Africa, the world’s top supplier of the metal, are facing “severe” market conditions and are caught up in the worst crisis in three decades as prices plummet.
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Visit: 139
Kumba Iron Ore to cut 490 jobs as rail crisis hits output, shares fall
Kumba Iron Ore shares fell more than 5% on Tuesday after it announced plans to cut about 490 jobs, following a reduction in production as it struggles to overcome South Africa’s persistent rail bottlenecks.
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Visit: 103
Mining industry sees a way to navigate narco crisis in Ecuador
Ecuador’s budding mining industry sees a way through the violent mayhem sweeping the country, with operating mines and development projects expected to carry on as planned after stepping up security measures.
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Visit: 81
World’s biggest wind power projects are in crisis just when world needs them most
Mining News Pro - Offshore wind projects are facing an economic crisis that erased billions of US dollars in planned spending this week — just as the world needs clean energy more than ever.
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Visit: 198
LME’s nickel crisis: major developments since trading halt
Mining News Pro - Exchanges are in an uncomfortable wait for the outcome of a lawsuit by two financial firms against the London Metal Exchange for voiding nickel contracts, worried about possible curbs on their ability to react in crisis situations if the LME loses.
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Visit: 211
LME fights to regain trust after last year’s nickel crisis
Mining News Pro - The embattled London Metal Exchange is still trying to rebuild faith in its nickel contract after an epic short squeeze last year, according to chief executive officer Matthew Chamberlain.
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Visit: 173
LME nickel to trade in Asian hours for first time since crisis
Mining News Pro - The London Metal Exchange will reopen nickel trading during Asian trading hours from March 20, in what is likely to provide an important liquidity boost for the market that has struggled to recover after last year’s crisis.
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Visit: 249
Energy crisis revives coal demand and production
Mining News Pro -High natural gas prices and global competition for the fuel have driven more demand for thermal coal for power generation this year as countries try to wean themselves off Russian energy supplies and seek relatively cheaper alternatives.
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Visit: 369
Commodity markets are contending with a growing liquidity crisis
Mining News Pro - Commodity markets are struggling to shake their months-long liquidity crisis that’s brought an era of erratic swings in the value of the world’s raw materials.
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Visit: 744
Metal plants feeding Europe’s factories face an existential crisis
Mining News Pro - In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online.
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Visit: 671
Europe crisis shows coal’s value, South Africa minister says
Mining News Pro - South Africa’s energy minister dismissed the notion that renewable electricity can bring an end to years of rolling blackouts, pointing to Europe’s pivot back to the use of fossil fuels as evidence of the constraints of using green energy.
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Visit: 660
Toyota, CATL shut plants in Sichuan as power crisis worsens
Mining News Pro - Toyota Motor Corp. and Contemporary Amperex Technology Co., the world’s top battery maker, are closing plants in China’s Sichuan province as a drought-induced power crisis worsens.
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Visit: 466
Iron ore price falls as property crisis threatens to drag down steel industry
Mining News Pro - China’s property market, which is already grappling with a debt crisis and weak demand, has been further rocked recently by a mortgage boycott.
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Visit: 385
UK coal mine dilemma pits energy crisis against green goals
Mining News Pro - In the far northwest corner of England, coal mining was so finished that the local museum paying tribute to the industry shut a few years ago after running into financial trouble.
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Visit: 548
Coal giants are making mega profits as climate crisis grips the world
Mining News Pro - The globe is in the grips of a climate crisis as temperatures soar and rivers run dry, and yet it’s never been a better time to make money by digging up coal.
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Visit: 602
Iron ore price falls as property crisis threatens to drag down steel industry
Mining News Pro - The iron ore price fell on Wednesday as a crisis engulfing property developers in China outweighed improving margins at mills.
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Visit: 705
What is Mining Role in Energy Crisis ?
Mining News Pro - We consider the inconsistent nature of renewable power and what this could mean for coal.
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Visit: 460
Goldman warns China’s property crisis will sink iron ore price
Mining News Pro - The crisis engulfing China’s property sector will help swing the iron ore market to a significant surplus over the second half of the year and push prices sharply lower, according to Goldman Sachs Group Inc.
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Visit: 465
Goldman warns China’s property crisis will sink iron ore price
Mining News Pro - The crisis engulfing China’s property sector will help swing the iron ore market to a significant surplus over the second half of the year and push prices sharply lower, according to Goldman Sachs Group Inc.
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Visit: 413
Worst of global energy crisis may still be ahead
Mining News Pro - A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency.
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Visit: 515
Iron ore price down as China’s steel industry sounds alarm over crisis conditions
Mining News Pro - China’s steel mills are sounding the alarm over crisis conditions in the industry as margins plunge due to weak demand.
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Visit: 607
Deep See Mining is becoming a World Class Crisis
Mining News Pro - The deep-sea jewels in question, called polymetallic nodules, grow with the help of microbes over millions of years around a kernel of organic matter, such as a shark's tooth or the ear-bone of a whale.
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Visit: 501
Central banks to increase gold holdings over crisis concerns
Mining News Pro - Central banks see gold as a reserve asset and will likely increase their holdings of the metal in the next twelve months, according to a survey by the World Gold Council.
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Visit: 715
Peru cabinet seeks solution for Las Bambas crisis as leftists urge nationalization
Mining News Pro - Peru’s Cabinet was meeting on Friday to try and find a truce to the ongoing conflict that has paralyzed operations at MMG Ltd’s Las Bambas copper mine, as some left-wing lawmakers suggest nationalizing the company would be the solution.
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Visit: 649