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October 22, 2021

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In Arizona, Rio Tinto CEO seeks ‘win-win’ for Resolution copper project

Reuters
A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray Sept 29 (Reuters) – A key Native American leader in Arizona declined to meet Rio Tinto Plc’s (RIO.L)(RIO.AX) chief executive this week, the latest roadblock in the mining......

West African bloc resorts to sanctions over Guinea and Mali coups

Reuters
ACCRA, Sept 16 (Reuters) – West Africa’s main regional bloc on Thursday imposed sanctions against the junta in Guinea and those slowing Mali’s post-coup transition – its toughest response yet to a run of military takeovers. The move was agreed at an emergency summit of the Economic Community of West......

European stocks rise as travel shares jump on Ryanair forecast

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 15, 2021. REUTERS/Staff Travel & leisure stocks snap 4-day losing streak Continental slumps on Vitesco spin-off Weaker metal prices weigh on miners Sept 16 (Reuters) – European stocks rose on Thursday as travel......

Biden to meet U.S. CEOs in ‘rallying cry’ for vaccine mandates

Reuters
WASHINGTON, Sept 15 (Reuters) – U.S. President Joe Biden was scheduled to meet on Wednesday with business leaders and CEOs, as he pushes companies to require workers to be vaccinated amid a surge in COVID-19 infections among those not yet inoculated. Biden last week announced vaccine mandates for all federal......

Turkey raises required reserve ratios for forex deposits

Reuters
Turkey’s Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. REUTERS/Umit Bektas//File Photo ISTANBUL, Sept 15 (Reuters) – Turkey’s central bank said on Wednesday it raised the required reserve ratio for forex and precious metal deposits by 200 basis points, in a move economists......

South Africa’s rand rally comes to halt; stocks drop

Reuters
South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration JOHANNESBURG, Sept 2 (Reuters) – A rally in the South African rand came to a halt on Thursday afternoon, as investors turned cautious ahead of a U.S. jobs report on Friday that could affect......

PRECIOUS Gold consolidates near one-month peak on cautious Fed

Reuters
Dollar index slips to two-week low UK markets closed for bank holiday European stocks near record highs Silver’s technical picture remains more fragile – analyst Aug 30 (Reuters) – Gold steadied near a four-week high on Monday, consolidating gains after the U.S. Federal Reserve chief Jerome Powell signalled interest rates......

Rio Tinto yet to pay compensation over sacred site destruction

Reuters
A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray MELBOURNE, Aug 27 (Reuters) – Mining giant Rio Tinto (RIO.AX) is yet to pay compensation to the Aboriginal group whose ancient rock shelters it destroyed for an iron......

BHP’s fossil fuel-free push gets Chile reception

Reuters
An industry tour group walks inside the Codelco El Teniente copper mine, the world’s largest underground copper mine near Machali area, Rancagua, Chile October 15, 2020. MELBOURNE, Aug 20 (Reuters Breakingviews) – This was supposed to be Mike Henry’s big week. On Tuesday the BHP (BHP.AX) boss unveiled an overhaul......

FTSE 100 weighed down by Rio Tinto, Aviva leads gains

Reuters
Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls/File Photo UK economy grows faster than expected in June Aviva jumps on results, shareholder return plan Cineworld top mid-cap gainer on U.S. listing plans FTSE 100 down 0.4%, FTSE 250 flat......

Rio Tinto mismanagement caused cost overrun at Mongolian mine – WSJ

Reuters
The Rio Tinto mining company’s logo is photographed at their annual general meeting in Sydney, Australia, May 4, 2017. REUTERS/Jason Reed Aug 9 (Reuters) – An expert group reviewing the cause of a $1.4 billion cost overrun at a Mongolian mine run by Rio Tinto (RIO.L), (RIO.AX) said it was......

Rio Tinto posts record half-year earnings on iron ore surge

Reuters
The Rio Tinto logo is displayed on a visitor’s helmet at a borates mine in Boron, California, U.S., November 15, 2019. REUTERS/Patrick T. Fallon H1 underlying earnings up 156% to $12.17 bln Dividend payout jumps 262% Shares down 0.3% MELBOURNE, July 28 (Reuters) – Rio Tinto (RIO.AX) logged a record......

Australia’s Lynas posts record revenue on robust demand, shares hit 8-year high

Reuters
A truck carrying rare earth travels towards Lynas Corp’s Mount Weld processing plant, northeast of Perth, in Western Australia, August 23, 2019. Picture taken August 23. REUTERS/Melanie Burton Lynas reports record quarterly revenue in Q4 Q4 NdPr production up 79.7% from a year ago Softer prices in qtr due to......

U.S. officials look to address transportation supply chain issues

Reuters
WASHINGTON, July 16 (Reuters) – U.S. Transportation Secretary Pete Buttigieg is looking at ways to address supply chain disruptions – from clogged ports to addressing the shortage of truck drivers. President Joe Biden issued an executive order in February on supply chain issues. In June, the White House unveiled a......

REPEAT UPDATE 3 Glencore snaps up BHP, Anglo stakes in Colombian coal mine

Reuters
LONDON, June 28 (Reuters) – Diversified miner Glencore will become the sole owner of the Cerrejon thermal coal mine in Colombia by buying out partners BHP and Anglo American, boosting its coal assets at a time when others are looking to exit the sector. Glencore (GLEN.L) said on Monday it......

S.African ‘diamond rush’ unearths only quartz crystals, officials say

Reuters
Fortune seekers are seen as they flock to the village after pictures and videos were shared on social media showing people celebrating after finding what they believe to be diamonds, in the village of KwaHlathi outside Ladysmith, in KwaZulu-Natal province, South Africa, June 14, 2021. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG, June......

Bidens announce death of ‘first dog’ Champ

Reuters
WASHINGTON, June 19 (Reuters) – President Joe Biden and first lady Jill Biden on Saturday announced the passing of their German shepherd Champ, who they called a “constant, cherished companion” for 13 years. “In our most joyful moments and in our most grief-stricken days, he was there with us, sensitive......

Indonesia police investigate death of politician who opposed remote gold mine

Reuters
Indonesian police are looking into the death of a politician from Sulawesi island who opposed a gold mine project there, after environmental groups and the human rights commission called for an investigation. Helmud Hontong, 58, the deputy regent of the remote Sangihe islands, in North Sulawesi province, was pronounced dead......

White House plans to discuss its supply chain review next week

Reuters
Shipping containers are unloaded from a ship at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson White House national economic director Brian Deese said on Friday the administration will......

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