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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Vedanta dollar bonds slip after plan to split up India business
Mining News Pro - The dollar bonds of Vedanta Resources slipped, with one dropping the most in more than three weeks, on news Indian billionaire Anil Agarwal is planning to overhaul his sprawling conglomerate to tackle its debts.
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Visit: 198
Congo watchdog wants billions of dollars more From China infra deal
Mining News Pro - The Democratic Republic of Congo’s government watchdog called for a major overhaul of the country’s $6.2 billion minerals-for-infrastructure deal with China after its investigations found significant breaches of the 2008 agreement.
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Robbers pull off multimillion-dollar copper heist in Chilean port
Mining News Pro - Chilean authorities said on Wednesday they were investigating a violent heist in Chile’s main seaport where thieves stole several shipping containers filled with copper belonging to state-owned giant Codelco.
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Visit: 215
Copper price rises on weaker dollar
Mining News Pro - Copper price rose on Monday supported by a weak US dollar and hopes of better demand after China’s pledge to boost its economy and real estate sector.
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Visit: 169
Gold price rises on dollar pullback, hopes of slower Fed rate hike
Mining News Pro - Spot gold rose 0.6% to $1,750.67 per ounce by 11:30 a.m. ET, once again maintaining near the $1,950 level. US gold futures gained 0.5% to trade at $1,749.70 per ounce in New York.
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Copper price rebounds on weaker dollar
China’s capital Beijing shut parks and museums on Tuesday and imposed new testing requirements to enter public places such as malls and hotels as covid-19 cases climbed.
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Visit: 456
Copper price set for weekly drop on demand concerns, stronger dollar
Mining News Pro - Asian stock markets were cautious and the dollar was set for a weekly gain, after comments from Fed officials, in the wake of employment data still showing a tight US labor market, dashed investors’ hopes for less aggressive monetary policy.
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Visit: 279
Gold price rallies as dollar pulls back
Mining News Pro - Gold rose by nearly 2% on Wednesday as a slight retreat in the dollar rekindled some of its safe-haven appeal, although prospects of sharp rate hikes are still keeping the precious metal near a 2-1/2-year trough.
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Visit: 684
Gold price near ‘danger zone’ as dollar
Mining News Pro - Gold steadied after a two-day decline as traders eyed the soaring dollar and a surge in Treasury yields amid expectations of further monetary tightening by the Federal Reserve.
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Aluminum price lowest since April 2021 on strong dollar and demand outlook
Mining News Pro - The aluminum price sank to the lowest since April 2021 on Wednesday as faltering global economic growth weakened the outlook for demand and boosted the dollar.
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Visit: 569
Aluminum price at 17-month lows as strong dollar overshadows smelter cuts
Mining News Pro - Aluminum prices fell to 17 month lows on Tuesday as a strong dollar and worries over economic growth overshadowed production cuts in Europe.
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Copper price rises on weaker dollar
Mining News Pro - The copper price rose on Tuesday on a weaker dollar and expectations for better metals demand after Chinese policymakers said they would accelerate infrastructure investment.
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Visit: 535
Gold price falls to six-week low as dollar rallies on sour sentiment
Mining News Pro - Gold fell to a six-week low as the dollar strengthened after US reports pointed to a resilient US economy.
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Visit: 443
Copper price rebounds as weaker dollar spurs short-covering
Mining News Pro - The copper price rebounded on Thursday as the dollar weakened, forcing speculators to scramble to buy back their bearish positions.
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Visit: 481
Copper worth nearly half a billion dollars goes missing in China
Mining News Pro - A group of Chinese companies are investigating why a commodities storage site in northern China is holding only one third of the copper concentrate they were financing, according to people familiar with the situation.
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Visit: 290
Copper price rises on supply risks and softening dollar
Mining News Pro - Copper price rose on Tuesday, as supply risks flagged by major producers offset demand concerns, while a softening dollar made the metal cheaper for holders of other currencies.
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Visit: 656
Copper price rises on supply risks and softening dollar
Mining News Pro - Copper price rose on Tuesday, as supply risks flagged by major producers offset demand concerns, while a softening dollar made the metal cheaper for holders of other currencies.
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Visit: 342
Gold price steady as traders weigh drops in ETFs, inflation, dollar
Mining News Pro - Gold held near an 11-month low as investors weighed a prolonged decline in holdings of bullion-backed exchange traded funds and the dollar’s recent bout of weakness.
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Visit: 506
Gold price steadies near nine-month low as dollar rally powers on
Mining News Pro - Gold steadied near the lowest in more than nine months in anticipation of US inflation data this week that’s set to shape the magnitude of the Federal Reserve’s next rate hike.
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Visit: 549
Copper price up supported by pullback in the dollar
Mining News Pro - Copper prices climbed on Thursday after hitting a near 20-month low in the previous session, supported by a slight pullback in the US dollar.
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Visit: 415
Total, Adani team up for multi-billion dollar Indian hydrogen plans
Mining News Pro - French oil giant TotalEnergies SE and Indian billionaire Gautam Adani’s conglomerate are partnering to fund billions of dollars worth of green hydrogen development in India as the world’s third-largest polluter seeks to decarbonize.
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Visit: 849
Gold price retreats as dollar rally dims precious metals appeal
Mining News Pro - Gold, along with other precious metals, retreated on Thursday as investors’ attention turned to the accelerating dollar, driven by bets that the US Federal Reserve will stick to aggressive rate hikes.
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Visit: 546
Gold price extends decline as dollar rallies to 20-year high
Mining News Pro - Gold prices extended losses on Monday as the dollar rallied to two-decade highs while US Treasury yields also advanced, curbing investors’ enthusiasm for the safe haven metal.
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Ivanhoe completes “starter mine” at multi-billion dollar Platreef project
Mining News Pro - Ivanhoe Mines said on Monday it had finished construction of the Shaft 1 production changeover at its platinum group and gold Platreef mine in the South African province of Limpopo.
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Visit: 872