Glencore pays US$180M to Congo after admitting corruption
Miner and commodities giant Glencore (LSE: GLEN) said on Monday it will pay the government of the Democratic Republic of the Congo US$180 million to settle all alleged corruption claims…
Oil and Gas
Teck exits oilsands with $1B sale of Fort Hills stake to Suncor
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada’s largest diversified miner, is exiting the oilsands business with the sale of its 21.3% stake in the Fort Hills project to Suncor…
U.S. markets rise during Sept. 6-9 trading week
The Dow Jones Industrial Average gained 833.27 points during the Sept. 6-9 trading session, rising 2.66%, to 32,151.71, while the S&P 500 climbed143.1 points or 3.65% to 4,067.36. This week’s…
Colombia abandons plan to tax gold exports
Colombian finance minister José Antonio Ocampo said the government has withdrawn a plan to introduce a 10% duty on gold exports included in the tax reform bill submitted by the…
Mining Indaba: Global fractures over Russia-Ukraine war trigger big policy, market shifts – Veracity Worldwide
Russia’s war on Ukraine is dividing the global order along fault lines, and Africa risks being caught in the middle, the Investing in Africa Mining Indaba heard this week. Veracity…
Rio Tinto cuts ties with Russian businesses over Ukraine war
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has become the first major mining company to announce it was cutting all ties with Russian businesses, joining a massive exodus of…
Shares of Russia-focused miners collapse on Ukraine invasion
Shares in mining companies with operations in Russia were among the first to feel the impact of Moscow’s wide-ranging attack on Ukraine on Thursday, while oil topped US$105 a barrel…
Chart: Bulks most affected by Russia-Ukraine conflict
Trade dislocations due to sanctions, high power prices and disruption to production facilities in the conflict zone are three major threats to the metals and mining industry due to escalating…
Inflation anxiety — what’s in store
The Q4 edition of The Northern Miner’s Global Mining Symposium on November 17 and 18 was another resounding success. The conference featured a top notch roster of guests from the…
Nickel, cobalt allow for cheaper, more efficient green hydrogen production
Researchers at Australia’s Curtin University have identified an electrocatalyst that, with added nickel and cobalt, makes green hydrogen from water in a cheaper and more efficient way compared to traditional…
US markets fall, Sept. 13-17
The Dow Jones Industrial Average dropped 22.84 points or 0.07% to finish the September 13 to September 17 trading week at 34,584.88 and the S&P 500 fell 25.59 points or…
The View from England: Burning lessons for mining
The ‘Burners’ amongst you will not need reminding that the Burning Man festival takes place in Nevada’s Black Rock Desert every year during the week leading up to the U.S….