World’s largest miners commit to net zero emissions by 2050
A group of the world’s biggest mining companies have pledged to reach net zero greenhouse gas emissions by 2050 or sooner, in line with the goals outlined in the Paris…
Vale
Rescue of 39 from Totten nickel mine succeeds
Early this morning Vale SA (NYSE: VALE) announced that all 39 miners had been brought safely to the surface from the Totten mine. “I’d like to congratulate our rescue team,” Vale…
RANKED: World’s top ten nickel producers
Nickel and its compounds are essential for manufacturing steel, but nickel has also been dubbed ‘the silent saviour’ as it plays a role in the global transition to clean energy…
Quebec’s Nouveau Monde joins Global Battery Alliance
Quebec graphite developer Nouveau Monde Graphite (TSXV: NOU) has joined the Global Battery Alliance, an initiative of the World Economic Forum that aims to establish a circular and sustainable battery…
BHP fired 48 workers in two years for sexual harassment
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) revealed this week that it has fired 48 employees since 2019 for sexual harassment at its remote fly-in, fly-out (FIFO) mines in Western…
Anglo American, Salzgitter to jointly advance green steel
Anglo American (LSE: AAL) and German steel producer Salzgitter Flachstahl will work together on decarbonizing the steel sector by exploring ways to reduce carbon emissions. The partners intend to conduct research into…
US markets rise, July 19-23
The Dow Jones Industrial Average rose 1.08% to finish the week at 35,061.55 and the S&P 500 climbed 1.96%% to 4,411.79. Spot gold dropped US$10.00 per oz., or 0.55%, to US$1,802.20…
Vale commits $150 million to extend Manitoba nickel mines life
Vale (NYSE: VALE) is investing $150 million (US$122 million) to extend by ten years its mining activities in the Canadian province of Manitoba. The figure, the company’s largest single investment made…
US markets rise, June 21-25
The Dow Jones Industrial Average jumped 3.37% to finish the week at 34,433.84 and the S&P 500 climbed 2.74% to 4,280.70. Spot gold increased by US$17.70 per oz., or 1%, to…
Voisey’s Bay underground expansion delivers first ore
June 11 marked the milestone first production of ore from the underground expansion project at the Voisey’s Bay nickel-cobalt mine owned by Vale (NYSE: VALE). The mine is located on…
US markets down, June 7-11
The Dow Jones Industrial Average slipped 0.80% to finish the week at 34,479.60 and the S&P 500 dropped 0.41% to 4,247.44. Spot gold fell by US$14.20 per oz., or 0.75%, to…
Miners to continue flying high through 2022 – report
Global miners can continue to expect an “exceptional year of earnings” through 2022 as a broad commodity price rally underpins strong financial results for most actors, according to a new…