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Reuters

Reuters is an international news organization owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.

Lundin to meet Candelaria workers amid strike, union chief says

14th October 2020 Canada's Lundin Mining will meet on Wednesday with the Mina union at its Candelaria copper deposit in Chile in a bid to resume talks to end a strike that began last week, the union's head said on Tuesday. The union walked off the job last Thursday after list-ditch talks broke down over a... 

Chilean miner trapped underground a decade ago recalls the day he saw the light

14th October 2020 The spectacular rescue a decade ago of 33 miners trapped for two months underground in Chile´s far-flung Atacama desert made headlines around the world. One of the survivors recalled in an interview with Reuters on Monday the drama of the last few moments before his escape, when rescuers... 

Bankruptcies pile up in North America energy sector in third quarter

14th October 2020 Bankruptcies in the North American energy industry surged in the third quarter as companies struggled with weak fuel demand due to the Covid-19 pandemic, lower crude prices and a dearth of available credit, according to law firm Haynes and Boone. In the three months to September, 17 oil... 

Supervisers at Chile's Escondida extend negotiations for another day

14th October 2020 Supervisers at Chile's Escondida mine and mine operator BHP decided on Tuesday to extend negotiations over a labour contract for another day in a last-ditch attempt to stave off a strike at the world's largest copper deposit, the union told Reuters. The union of supervisors at Chile's Escondida... 

Congo extends copper concentrate export ban waiver to April 2021

13th October 2020 Democratic Republic of Congo has issued a six-month waiver to an export ban on copper concentrate, the Mining Minister said in a letter seen by Reuters on Tuesday. Congo, the world's leading producer of cobalt and Africa's biggest copper producer, banned exports of copper and cobalt concentrates... 

Indonesia to create firm to build up electric vehicle battery industry

13th October 2020 A group of Indonesian State-owned companies will form a venture to make batteries to power electric vehicles, the Mining Industry Indonesia (MIND ID) CEO said on Tuesday. Indonesia, the world's biggest producer of nickel ore, a key component of EV batteries, wants to build an integrated EV... 

Aboriginal group says Fortescue withholds royalties on mining leases

13th October 2020 An Australian Aboriginal group said on Tuesday that Fortescue Metals is withholding nearly A$2-million in royalty payments until it signs off on mining leases that cover areas containing many sacred sites. The country of the Eastern Guruma, or Wintawari Guruma, people is one of the most heavily... 

Australian firm tiptoes into battery making with country's first plant

13th October 2020 An Australian company is looking to build the country's first lithium-ion battery factory by mid-2021, starting small after scaling back earlier plans and switching its proposed location. Energy Renaissance said on Tuesday it plans to invest A$28-million ($20-million) to build a plant in Tomago,... 

Brazil Potash eyes fundraising round after US elections

13th October 2020 Canada-based Brazil Potash has filed initial documents with US regulators ahead of a $50-million fund-raising round around November that would value the fertilizer venture at about $520 million, CEO Matt Simpson said on Monday. Simpson said the company, part of a push to launch large-scale... 

Alrosa sees diamond sales stabilising in fourth quarter

12th October 2020 Russian State-controlled diamond producer Alrosa expects its fourth-quarter sales to stabilise year on year as demand for precious stones is recovering, its CEO, told a meeting with President Vladimir Putin on Monday. Alrosa, the world's largest producer of rough diamonds, has been hit by the... 

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