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April 30, 2021

Mineral Resources (TRBC level 2)

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

Thousands protest in Belgrade, demand government action to stop pollution

Reuters
BELGRADE (Reuters) – Several thousand people blocked traffic in front of the Serbian parliament on Saturday in a protest against lack of government action to prevent water, land and air pollution by industries such as the mining sector. Protesters, who came to Belgrade from all over Serbia, held banners reading......

BHP, Vale Samarco JV files for Brazil bankruptcy protection

Reuters
FILE PHOTO: The logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. REUTERS/Adriano Machado/File Photo RIO DE JANEIRO (Reuters) – Samarco Mineracao SA, a joint venture between Brazilian miner Vale SA and BHP Group Ltd, has filed for bankruptcy protection to prevent creditors’......

PRECIOUS-Gold on back foot as firm U.S. dollar weighs

Reuters
(Adds analyst comments, details, updates prices) * Further bond sell-off could push gold below $1,700/oz -analyst * Markets eye Biden's infrastructure spending plans on Wednesday By Asha Sistla March 29 (Reuters) - Gold prices inched lower on Monday as the U.S. dollar and global share markets firmed on the back......

Brazil prosecutors to investigate Vale over Steinmetz complaint

Reuters
By Gram Slattery, Clara Denina RIO DE JANEIRO (Reuters) – Rio de Janeiro police have begun investigating allegations brought by Israeli billionaire Beny Steinmetz that Brazilian miner Vale illegally concealed from its shareholders the conditions under which Steinmetz’s company BSGR was supposed to mine one of the world’s biggest iron......

UPDATE 1-Flooding stops Australian coal rail deliveries to Newcastle port

Reuters
(Adds details of port, background) MELBOURNE, March 22 (Reuters) – Australia’s Hunter Valley coal rail lines have been shut due to flooding in the state of New South Wales, the Australian Rail Track Corp said on Monday, halting deliveries into the port of Newcastle, the world’s biggest coal export port.......

China environment minister urges crackdown on steel mills’ illegal production

Reuters
SHANGHAI/BEIJING (Reuters) – China’s Ministry of Ecology and Environment (MEE) urged top steelmaking city Tangshan to severely crack down on violations of atmospheric environment rules after it found four steel mills failed to implement production curbs during heavy pollution. Tangshan government had issued a second-level pollution alert on March 8,......

Global mining trade group picks sustainability expert as new CEO

Reuters
JOHANNESBURG (Reuters) – The International Council on Mining and Metals (ICMM) said on Tuesday that it had appointed Rohitesh Dhawan, a managing director at Eurasia Group with expertise in climate change and sustainability, as the trade group’s new chief executive. The appointment of Dhawan, effective from April, reflects increased pressure......

Mexican mining chamber warns uncertainty to bring investment cuts

Reuters
MEXICO CITY (Reuters) – Mexico’s large mining sector will likely see some recovery this year after 2020’s pandemic-induced slump, but a key industry leader said he fears rising political risk will drag down growth as companies focus new investments elsewhere. Fernando Alanis, president of Mexican mining chamber Camimex, said in......

Biden says he will push for funding for semiconductor legislation

Reuters
U.S. President Joe Biden delivers holds a semiconductor chip as he speaks prior to signing an executive order, aimed at addressing a global semiconductor chip shortage, in the State Dining Room at the White House in Washington, U.S., February 24, 2021. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. President Joe Biden......

Glencore reinstates dividend as 2020 net debt drops

Reuters
JOHANNESBURG, Feb 16 (Reuters) – Glencore on Tuesday reinstated its dividend after net debt fell by 10% in its full-year 2020, helped by surging commodity prices in the second half The commodities trader and miner which scrapped its dividend in August last year after a first-half loss amid the COVID-19......

PRECIOUS-Gold gains as dollar stumbles, platinum near 6-year high

Reuters
* Platinum scales highest since Feb 2015 * China's auto sales surged 30% in Jan * Dollar index at two-week low * U.S. Fed Chair speech at 1900 GMT, CPI data at 1330 GMT (Adds comments, updates prices) By Nakul Iyer Feb 10 (Reuters) - Gold prices gained for a......

Brazil’s Vale agrees to $7 billion Brumadinho disaster settlement

Reuters
By Marta Nogueira, Tatiana Bautzer RIO DE JANEIRO/SAO PAULO (Reuters) – Brazilian miner Vale SA said on Thursday it has reached a 37.7 billion real ($7 billion) agreement with prosecutors and the state of Minas Gerais to settle claims stemming from the collapse of a mining dam in 2019 which......

UPDATE 1-Thyssenkrupp shares rise on steel spin-off report

Reuters
(Adds context) FRANKFURT, Jan 18 (Reuters) – Shares in Thyssenkrupp rose on Monday as traders pointed to a Bloomberg report which said that the group was considering a spin-off of its steel business, citing people familiar with the matter. Thyssenkrupp said that in addition to a potential sale of the......

PRECIOUS-Gold falls 1% as dollar accelerates rally

Reuters
(New throughout, adds analyst comments, updates prices) * Powell sees no reason to alter Fed's accommodative stance * Platinum falls as much as 4.4%, silver down 3.8% * Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa By Shreyansi Singh Jan 15 (Reuters) - Gold prices slumped more than 1% on......

PRECIOUS-Gold inches higher as dollar, Treasury yields pull back

Reuters
Jan 13 (Reuters) - Gold prices edged up on Wednesday as a recent rally in the U.S. dollar and Treasury yields hit a pause, while rising coronavirus cases worldwide also boosted appeal for the safe-haven metal. FUNDAMENTALS * Spot gold rose 0.1% to $1,856.86 per ounce by 0052 GMT, while......

Bauxite shipping firm Winning quits international aluminium body

Reuters
Jan 5 (Reuters) – Winning International Group, the world’s largest bauxite shipping firm, has left the International Aluminium Institute (IAI), the industry body said on Monday after updating its member list for the new year. “Winning are no longer members of the IAI,” the body’s London secretariat said. The IAI......

PRECIOUS-Gold hits 2-month high as dollar sags; platinum rallies

Reuters
(New throughout, adds comments, updates prices) * Dollar slips to multi-year lows * Platinum hits highest since August 2016 * Silver hits over three-month peak * Silver set to shine in 2021 * Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa By Shreyansi Singh Jan 4 (Reuters) - Gold prices......

PRECIOUS-Gold gains on hopes of increased U.S. pandemic aid

Reuters
(New throughout, adds comments, updates prices) * Dollar index eases 0.5% * U.S. Senate set to vote on COVID-19 relief checks on Tuesday * Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa By Shreyansi Singh Dec 29 (Reuters) - Gold prices rose on Tuesday as the prospect of additional U.S.......

Top five China commodities to eye for growth in 2021

Reuters
SHANGHAI (Reuters) – A China-led economic recovery should boost demand for these commodities in 2021 after COVID-19 roiled global markets in 2020. FILE PHOTO: Workers pour molten iron into a mould at a workshop in Hangzhou, Jiangsu province, China July 24, 2019. REUTERS/Stringer COPPER Iron ore and steel outperformed in......

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