Platinum giants get lifeline as green economy boosts demand
Mining News Pro - The world’s biggest platinum miners have been handed a lifeline as the introduction of tougher vehicle emissions rules from Asia to Europe stimulates demand.
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Visit: 256
Glencore ready to support transition to low-carbon economy
Mining News Pro - Diversified mining and marketing company Glencore is ready to support the transition to a low-carbon economy, CEO Ivan Glasenberg said on Tuesday when the company reported finishing 2020 with earnings before interest, taxes, depreciation and amortisation (Ebitda) of $11.6-billion, Covid-19 notwithstanding.
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Visit: 359
Chief executive of Bank Mellat;
Nicico is the pride of Iran’s economy
Mining News Pro - CEO of Bank Mellat said that Nicico is one of their important, major and effective customers.
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Visit: 605
Mining for the green economy is still dirty work
Mining News Pro - The world’s top producer of refined nickel and palladium is dealing with the aftermath of a devastating Arctic fuel leak that resulted in a record $2 billion levy. It’s among the biggest emitters of acid rain-causing sulfur dioxide. Yet Russian mining giant MMC Norilsk Nickel PJSC spent much of its time with investors this week talking up its green efforts and climate goals. To attain them, it plans to spend $5.5 billion-plus, as part of a broader $27 billion, 10-year investment blueprint.
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Visit: 223
Mining industry holds largest slice of Australian economy
Mining News Pro - Australia’s mining industry has delivered a 10.4 per cent share of the Australian economy in 2019-20, making it the largest economic contributor with a $202 billion GDP, according to The Australian Bureau of Statistics.
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Visit: 147
NASA finds rare metal asteroid worth more than global economy
Mining News Pro - NASA’s Hubble Telescope has obtained images of an asteroid so rich in metals that its worth puts our global economy to shame. Think $10,000 quadrillion ($10,000,000,000,000,000,000), compared to the world’s economy, which was worth about $142 trillion in 2019.
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Visit: 236
Excitement as Sumitomo becomes AP Ventures’ latest hydrogen economy investor
Mining News Pro - Leading Fortune 500 global trading and business investment company Sumitomo Corporation, which has a strong focus on the hydrogen economy, has become the latest investor in partnership with venture capital company AP Ventures Fund II.
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Visit: 149
New Iamgold mine good news for Canadian economy
Mining News Pro - Joint venture (JV) partners Iamgold and Sumitomo Metal Mining (SMM) on Friday broke ground on the Côté gold project, symbolising the construction start of the new $1.3-billion mine in Ontario.
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Visit: 204
Hydrogen economy elevating platinum as store-of-value precious metal
Mining News Pro - The hydrogen economy is elevating platinum as a precious metal with long-term store of value, the World Platinum Investment Council (WPIC) said today.
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Resources backbone of Covid economy
Mining News Pro - Final trade data for the 2019-20 financial year from the Australian Bureau of Statistics (ABS) has confirmed the strength of Australia’s resources sector in underpinning the economy during the Covid-19 pandemic, federal Resources Minister Keith Pitt said on Tuesday.
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Visit: 192
Mining to give NSW economy future boost
Mining News Pro - New South Wales has the potential to fortify its economic recovery by approving the 32 mining projects that are sitting in the NSW planning system.
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Visit: 187
Copper is surging, but it doesn’t mean economy is booming
Mining News Pro - Copper prices are surging, and for once it’s not because the economy is booming.
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Visit: 311
Chilean mines minister calls for ‘balance’ between safety and keeping economy running
Mining News Pro - Chile’s Mining Minister Baldo Prokurica on Tuesday underlined the need to strike a balance between protecting mine workers from the new coronavirus and keeping the economic engine of the world’s largest copper producer running.
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Visit: 198
Covid-19 is an important catalyst for hydrogen economy’s take-off
Mining News Pro - Despite being a global pandemic with hugely negative health consequences, Covid-19 is an important catalyst for the take-off of the hydrogen economy, in which platinum plays a fundamental role.
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Visit: 275
Mining industry recovery may bolster Australia’s economy again
Mining News Pro - Australia’s resource industry is set to aid the economic recovery once again as higher prices and expansion plans assist the nation emerging from its coronavirus lockdown.
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Visit: 278
Qld miners propping up economy
Mining News Pro - The Queensland resources sector is continuing to support the state’s economy through revenue generation and employment as it works through its Covid-19 response.
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Visit: 246
Minerals Council president reflects on urgency of restoring economy
Mining News Pro - Re-elected Minerals Council South Africa president Mxolisi Mgojo on Wednesday called on all the leaders of the mining industry to commit to continuing to address the Covid-19 health threat with uncompromising vigour and emphasised that the introduction of measures to restructure the economy was now more urgent than ever.
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Visit: 270
Pueblo Viejo brings forward tax payment to help Dominican economy
Mining News Pro - The Pueblo Viejo gold mine – a joint venture between Barrick Gold (60%) and Newmont (40%) – has made an early tax payment this month to help contribute to the stability of Dominican Republic and aid the country in containing the spread of Covid-19.
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Visit: 239
Mineral exports boost Australian economy
Mining News Pro - New data by the Australian Bureau of Statistics (ABS) has pointed out that Australia’s merchandise exports rose A$8-billion, or 29%, during March, with a significant rise reported in the resources export sector.
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Visit: 259
South Africa resolved to forge new post-virus economy
Mining News Pro - Going forward from the current devastating coronavirus pandemic, South Africa will forge a radical economic transformation that will make its cities, towns, villages and rural areas vibrant centres of economic activity, President Cyril Ramaphosa stated in a far-reaching and inspiring televised address last night.
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Visit: 262
Guyana still seen growing 53% While World Economy May be Crashing
Mining News Pro - The world may be falling into its worst recession in almost a century but one tiny South American economy is still forecast to grow 53% this year.
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Visit: 267
BHP goes on hiring spree to spur virus-hit economy
Mining News Pro - BHP plans to recruit 1500 people to support the company’s operations in the short term amid a “difficult” time.
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Visit: 229
South Africa economy silence contrasts with drastic virus steps
Mining News Pro - With just 61 infections on March 15, President Cyril Ramaphosa imposed travel bans, instructed schools to close and outlawed large gatherings. He followed up with restrictions on restaurants and effectively closed bars, beating many worse-afflicted countries to the move. The central bank cut interest rates by the most in more than a decade at its scheduled policy meeting and boosted liquidity in local markets.
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Visit: 216
BHP to hire 1 500 Australian staff to stimulate economy
Mining News Pro - Mining major BHP on Friday announced that it would hire 1 500 additional staff across Australia to support its current workforce and to stimulate the economy.
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Visit: 194
Coronavirus could impede WA economy
Mining News Pro - A new report by advisory firm Deloitte has noted that the outbreak of the Coronavirus has added uncertainty to the pace of Western Australia’s economic recovery, with the state likely to be hard hit if market volatility persists.
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Visit: 205