All eyes on China as LME copper spreads collapse

Mining News Pro - Calm has returned to the London Metal Exchange (LME) copper market after last month’s storm, which forced the exchange to step in to protect those caught with a short position.

LME launches six new contracts, including lithium and scrap aluminium

Mining News Pro - The London Metal Exchange (LME) launched six new cash-settled futures contracts on Monday, including for battery metal lithium and aluminium scrap.

Altrad targets Asia Pacific with Valmec acquisition

Mining News Pro - French engineering company Altrad plans to take ownership of Valmec with ambitions to grow the contractor’s presence in the Asia-Pacific region following the acquisition.

Clive Palmer coal project hits roadblock

Mining News Pro - The Queensland Department of Environment and Science has knocked back Mineralogy’s proposed Central Queensland coal project near Great Barrier Reef.

LME stocks shock sends zinc price reeling

Mining News Pro - Zinc bulls have just received a reality check.

LME’s “green aluminum” plans opposed by industry

Mining News Pro - The London Metal Exchange (LME) has run into metal industry opposition to the bourse’s plans to support sustainable production with a spot trading platform for low-carbon aluminum and a register where producers can voluntarily log their metal’s carbon-related details.

Kazatomprom to keep production curtailments

Mining News Pro - Uranium major Kazatomprom would continue flexing down production by 20% through 2022 to help the market recover from a “long period of oversupply”, CEO Galymzhan Primatov announced on Wednesday.

Palmer in hot water amid ASIC accusations of dishonesty

Mining News Pro - Mining magnate Clive Palmer has been charged with fraud and dishonest use of his position as a director to gain a benefit or advantage.

LME shines a (little) light on shadow stocks

Mining News Pro - The London Metal Exchange’s (LME) new report on “shadow” stocks was greeted with a collective yawn by the industrial metals market.

Constantine Metal to spend $2.15 million on Palmer project in Alaska

Mining News Pro - Constantine Metal Resources announced that $2.15 million have been approved by the Constantine Mining LLC Joint Venture, of which it owns 51%, for exploration work at the Palmer zinc-copper-gold-silver project in southeast Alaska.

LME to examine floor reopening after easing of UK lockdown

Mining News Pro - The London Metal Exchange (LME) will examine whether the easing of social-distancing restrictions in England from July 4 will apply to its open-outcry floor, which has been closed for three months.

Aluminium in spotlight as LME opts for low-carbon trading platform

Mining News Pro - Aluminium may find itself with an officially recognised ‘green’ tag when a low-carbon version of the metal is given a new trading platform next year.

Clive Palmer secures win in QLD court

Mining News Pro - The Supreme Court of Queensland has dismissed a $124 million claim by liquidator John Park against the Clive Palmer-led Mineralogy Queensland Nickel.

Palmer lodges challenge over WA border closure

Mining News Pro - Businessman Clive Palmer has submitted documents to the High Court opposing the Western Australia border closure, calling it “unconstitutional”.

Newmont gives Valmec second Tanami contract

Mining News Pro - Valmec has secured a contract with Newmont for the Tanami underground gold mine’s stage two expansion project in the Northern Territory.

OceanaGold solidifies Holmes appointment

Mining News Pro - OceanaGold has appointed Michael Holmes as president and CEO, following the resignation of Mike Wilkes earlier this year.

LME may have a paper-filing problem if UK goes on lockdown

Mining News Pro - Since Victorian times, London’s traders have used paper documents to track metal flowing in and out of warehouses, even as the rest of the world went digital. Now the coronavirus is posing a threat unlike any in living memory.

LME stock surge grounds high-flying nickel, but for how long?

Mining News Pro - Nickel, the best performer among the base metals last year, is currently getting a reality check in the form of surging exchange stocks.

LME readies rule that would reveal private metal stockpiles

Mining News Pro - The London Metal Exchange is preparing a new rule designed to reveal the huge stockpiles of metal held in private storage, shining a light on one of the industry’s most opaque areas for the first time.

Newmont Goldcorp says Palmer to become CEO from October 1

Mining News Pro - Newmont Goldcorp Corp said on Tuesday its President Tom Palmer will take on the additional role of chief executive officer from October 1.

Newmont Goldcorp edges closer to Tanami expansion with Valmec

Mining News Pro - Newmont Goldcorp has awarded a $6 million construction contract to Valmec for the second expansion project it has proposed at the Tanami gold mine in the Northern Territory.

Workers put brakes on wrong train in BHP iron ore train derailment-regulator

Mining News Pro - An emergency crew called out to manually apply handbrakes to a 268-car iron ore train in the Australian outback mistakenly put the brakes on the wrong train, according to a preliminary report into a runaway train derailment last year.

LME launches seven new contracts to try to boost volumes, profit

Mining News Pro - The London Metal Exchange (LME) is launching seven new cash-settled futures contracts on Monday, including hot-rolled coil (HRC) steel, alumina and cobalt, aiming to attract more business after profits fell last year.

Fourteen NGOs oppose LME plans to ban tainted cobalt

Mining News Pro - Fourteen non-governmental organizations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed.

Train derailment investigation points to sabotage

Mining News Pro - South Africa`s Transnet hopes to re-open on Saturday one of two closed coal export lines linking mines to the Richards Bay export terminal after it was closed following a train derailment, the State-run freight company said on Friday.

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