R/€ = 20.61 Change: -0.02
R/$ = 17.45 Change: -0.03
Au 1953.14 $/oz Change: 21.83
Pt 957.38 $/oz Change: 18.26


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Codelco unions federation rejects privatisation proposal

28th July 2020 Workers at state-owned Chilean copper behemoth Codelco have rejected a suggestion by a coalition partner of President Sebastian Pinera that the company be sold off to fund the response to the coronavirus pandemic. An internal document attributed to the far-right Independent Democratic Union (UDI)... 

Poland's PGG holds talks with trade unions on mine closure plan

28th July 2020 Poland's biggest coal producer PGG started talks on Tuesday with trade unions on a package of mine closures and pay cuts, measures the company said were designed to help it overcome the effects of the coronavirus crises. State-run news agency PAP reported that PGG could close the Ruda and Wujek... 

Supervisors at Antofagasta's Centinela copper mine in Chile accept new contract

28th July 2020 Supervisors at Antofagasta Minerals' Centinela copper mine in Chile have agreed to a new contract offer, avoiding the possibility of a strike, the union president said on Monday. The supervisors' union agreed last week to extend government-mediated talks after failing to agree on a new contract... 

Poland braces for second wave as virus spikes in coal mines

27th July 2020 Poland's health ministry expects a resurgence in the number of new coronavirus infections to end after it tests and isolates suspected cases in the southern mining region of Silesia, officials said. On Saturday the number of new infections rose by 584, its second-highest daily tally since the... 

Chile judge calls for water study on 'fragile' lithium-rich Atacama salt flat

27th July 2020 A top environmental judge in Chile renewed a call for a government-vetted water study to help stamp out lingering questions about sustainability that have cast a pall over Chile's lithium-rich Salar de Atacama. Water - both fresh and saline, where the lithium lies - has long been a sticking point... 

Brazil tribes struggling to survive after dam burst to get day in court against BHP

27th July 2020 For the Krenak indigenous people who live along the Rio Doce in southeastern Brazil, the waterway was their community's lifeblood, a source of food and spiritual presence, where children were baptized and learned to swim. But in 2015, a dam co-owned by BHP Group and Vale SA collapsed,... 

Russia's Rusal second-quarter sales down 10% as coronavirus hit demand

27th July 2020 Russian aluminium producer Rusal on Monday reported a 10% fall in its second quarter aluminium sales compared with a year ago as the new coronavirus outbreak hit demand for its metal. Hong-Kong listed Rusal, the world's largest aluminium producer outside China, managed to boost sales to China and... 

US House launches caucus to boost strategic minerals production

24th July 2020 The US House of Representatives launched a bipartisan caucus on Friday to focus on ways to increase domestic production of specialised minerals used to make missiles, cell phones and other high-tech equipment. The Critical Materials Caucus is the latest effort by officials in Washington to blunt... 

Freeport-McMoRan swings to second-quarter profit after cost cuts

24th July 2020 Freeport McMoRan on Thursday said it swung to a second-quarter profit as the world's largest publicly traded copper producer slashed costs to stem the fallout from the coronavirus pandemic. Shares fell about 1.3% to $13.44 in afternoon trading. 

US moves to streamline uranium extraction rules in bid to boost mining

24th July 2020 The Trump administration on Thursday moved to streamline water rules on uranium mining, in a move environmentalists said allows the Environmental Protection Agency to give up authority on regulating water pollution. EPA Administrator Andrew Wheeler signed an initial agreement, or memorandum of... 


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