R/€ = 19.08 Change: 0.02
R/$ = 16.20 Change: 0.00
Au 1906.23 $/oz Change: 2.56
Pt 881.71 $/oz Change: 2.17


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.

Caterpillar bets on self-driving machines impervious to pandemics

12th October 2020 Question: How can a company like Caterpillar try to counter a slump in sales of bulldozers and trucks during a pandemic that has made every human a potential disease vector? Answer: Cut out human operators, perhaps? Caterpillar's autonomous driving technology, which can be bolted on to existing... 

Aboriginal group says Fortescue has applied to mine near destroyed caves

12th October 2020 An Australian Aboriginal group whose sacred rockshelters Rio Tinto destroyed in May said on Monday that iron ore miner Fortescue Metals Group applied last month for a mining licence on the surrounding area without notifying them. Speaking at an Australian parliamentary inquiry into the Juukan... 

Polymetal reports coronavirus outbreak at one of its deposits

12th October 2020 Russian gold and silver producer Polymetal said on Monday that about 100 people had tested positive for the new coronavirus at its Mayskoye deposit in Russia's Far East. Russia, which has a total population of around 145-million, has recorded the fourth highest number of infections globally... 

Collahuasi copper mine averts strike, union agrees to deal

12th October 2020 The union of workers at Chile's Collahuasi copper mine has come to an agreement in labour talks with the mine operator, the union president said on Friday, staving off the threat of a strike at the sprawling deposit. The talks at Collahuasi - a partnership between Glencore and Anglo American... 

Supervisers at Chile's Escondida copper mine reject final labour deal, negotiations to continue

12th October 2020 The union of supervisors at Chile's Escondida mine rejected BHP's final offer in contract negotiations on Friday, but the mining company said it would nonetheless meet again with the union in a last-ditch effort to stave off a strike. A tally viewed by Reuters showed 78% of the union´s members... 

Freeport does a balancing act as world's biggest gold mine grapples with Covid-19

12th October 2020 When miners at Indonesia's giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal staff left in place to maintain production. But as months of travel curbs dragged on, angry... 

Union, Cerrejon deadlocked over benefits, 'death shift' as strike rolls on

9th October 2020 Proposed changes in benefits, a new schedule referred to as the 'death shift,' and job losses are the sticking points in talks to end a more than five-week-long strike at Colombian coal mine Cerrejon, the company and its largest union say. The two sides this week held individual talks with the... 

Poland's JSW to focus solely on coking coal

9th October 2020 Poland's JSW, the European Union's biggest coking coal producer, said it wants to focus solely on the fuel used in steelmaking and exit the more polluting thermal coal. Coking coal accounts for 80% of JSW's output, and thermal coal for 20%. Thermal coal, used for power, is struggling to attract... 

Brazil's Vale enters JV to expand Chinese port

9th October 2020 Brazilian miner Vale has teamed up with China's Zhoushan Port Company to build and operate Project West III in the port of Shulanghu, according a securities filing on Friday, a strategic logistics alliance to serve the world's largest iron-ore importer. Vale said it will have 50% of the JV,... 

Trafigura plans to restart Congo copper mine, prime minister says

9th October 2020 Trafigura intends to restart its copper mine in Democratic Republic of Congo, the prime minister's office said following a meeting with the commodity trader on Thursday. Trafigura's head of mining Emmanuel Henry told Prime Minister Sylvestre Ilunga Ilunkamba the mine had faced operational... 


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