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May 23, 2022

MINE08

Woodside’s ‘crown jewel’ Scarborough gas lures buyers to fill Russia gap

Reuters
MELBOURNE, May 20 (Reuters) – Woodside Petroleum (WPL.AX) has received strong interest from companies for a stake in the Scarborough natural gas project it is developing off Western Australia in the wake of the Ukraine conflict, Chief Executive Meg O’Neill said on Friday. Woodside is set to become 100% owner......

Indian shares slump as inflation, economic slowdown fears linger

Reuters
A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 19 (Reuters) – Indian shares dropped 2% on Thursday, weighed down by a broader market......

Analysis: U.S. coal companies struggle to cash in on Europe crunch

Reuters
WASHINGTON, May 17 (Reuters) – U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia’s invasion of Ukraine but face big headwinds including shipping bottlenecks, labor shortages, and a dismal long-term outlook discouraging investments in new mines. The outlook means the United States, which......

Gold attempts rebound as dollar backs off highs

Reuters
Gold up after hitting lowest since Jan. 31 on Monday SPDR Gold Trust holdings extend slide to lowest since March Dollar slips further from last week’s two-decade high Silver up for third straight session May 17 (Reuters) – Gold rose on Tuesday as a retreat in the dollar helped bullion......

Column: European smelter hits mean another year of zinc shortfall: Andy Home

Reuters
LONDON, May 16 (Reuters) – The global refined zinc market is expected to register a supply shortfall of 292,000 tonnes this year, according to the International Lead and Zinc Study Group (ILZSG). It will be the second consecutive year of deficit after global production fell short of demand to the......

Gold up from 3-month lows as U.S. bond yields weaken

Reuters
Sales persons wait for customers at a gold jewelry showroom in Chandigarh, India, November 9, 2016. REUTERS/Ajay Verma Register now for FREE unlimited access to Reuters.com Register Dollar starts week just off recent 20-year high against peers Momentum clearly favours further downside in gold – analyst Gold prices touched lowest......

Adani Group to acquire Holcim’s India business for $6.39 billion

Reuters
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/File Photo Register now for FREE unlimited access to Reuters.com Register May 15 (Reuters) – Holcim AG (HOLN.S) on Sunday said it signed a......

Burning munitions cascade down on Ukrainian steel plant, video shows

Reuters
LONDON, May 15 (Reuters) – White brightly burning munitions were shown cascading down on the Azovstal steel works in the Ukrainian port city of Mariupol in what a British military expert said looked like either an attack with phosphorus or incendiary weapons. Reuters was not able to immediately identify the......

Canadian board recommends rejection of Baffinland bid to mine more iron

Reuters
May 13 (Reuters) – A Canadian review board on Friday cited environmental concerns as it recommended the government reject Baffinland Iron Mine Corp’s request to double production at its Mary River iron ore mine on Nunavut’s Baffin Island, a C$1.3 billion project that has divided the Inuit community. The Nunavut......

Trevali says caught unawares by downpour that flooded Burkina mine

Reuters
PERKOA, Burkina Faso, May 13 (Reuters) – Executives at Canada-based Trevali Mining Corp (TV.TO) said the company was caught unawares by a torrential downpour during the dry season last month in Burkina Faso that left eight men trapped underground in its Perkoa zinc mine. Rescue efforts are continuing since the......

Column: China lifts metals exports as Western supply chains buckle: Andy Home

Reuters
LONDON, May 12 (Reuters) – China exported 45,260 tonnes of primary aluminium in March, the highest monthly total since April 2010, with almost half of it to the Netherlands. The month before 20,000 tonnes of metal left China destined for Montenegro and another 5,000 tonnes for Italy. Exports of unwrought......

Gold prices wobble as soaring dollar, sliding yields tussle

Reuters
A customer checks a gold necklace before buying it at a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata, India, May 3, 2022. REUTERS/Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com Register U.S. CPI rose 0.3% last month Gold down......

Column: Bear funds flex muscles on copper as macro outlook darkens: Andy Home

Reuters
LONDON, May 10 (Reuters) – Hedge funds are turning increasingly bearish on the copper market amid mounting evidence that global manufacturing activity is starting to stall. Bears now outnumber bulls on the CME copper contract for the first time since May 2020, when the copper price was just starting to......

Musk says he would reverse Twitter ban on Donald Trump

Reuters
May 10 (Reuters) – Billionaire Elon Musk said Tuesday he would reverse Twitter’s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of Tesla Inc,......

Kicking the China habit: South Korea hunts tungsten treasure

Reuters
S.Korean tungsten mine gets $100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts,......

Global scramble for metals thrusts Africa into mining spotlight

Reuters
A truck exits the mine after collecting ore from 516 metres below the surface at the Chibuluma copper mine in the Zambian copperbelt region, January 17, 2015. REUTERS/Rogan Ward/File Photo Register now for FREE unlimited access to Reuters.com Register JOHANNESBURG, May 8 (Reuters) – The need to secure new sources......

Peruvian protesters agree to attend talks over MMG’s shut copper mine

Reuters
Members of indigenous communities camp on the property of Chinese-owned Las Bambas copper mine, in Las Bambas, Peru April 26, 2022. REUTERS/Angela Ponce Register now for FREE unlimited access to Reuters.com Register LIMA, May 6 (Reuters) – Indigenous communities protesting the Las Bambas copper mine in Peru agreed on Friday......

Brazil’s Vale signs long-term deal to supply Tesla with nickel

Reuters
Brazilian mining company Vale SA logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register SAO PAULO, May 6 (Reuters) – Brazilian miner Vale SA......

SocGen boosts first-quarter income but costs of Ukraine war rise

Reuters
The logo of French bank Societe Generale is seen outside a bank office in Nantes, France, February 4, 2022. REUTERS/Stephane Mahe/Files Register now for FREE unlimited access to Reuters.com Register PARIS, May 5 (Reuters) – French lender Societe Generale (SOGN.PA) beat first-quarter earnings expectations on Thursday but booked higher provisions......

Russia’s Potanin dodges politics and sanctions to flourish

Reuters
May 4 (Reuters) – So far, at least, “Nickel King” Vladimir Potanin is Russia’s ultimate survivor. Unlike many of Russia’s notable oligarchs, he has not been sanctioned by the United States or the European Union for his closeness to President Vladimir Putin. And as Western companies quit Russia because of......

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