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Reuters

Without US-China trade war, copper price would be higher – Antofagasta chair

13th May 2019 A trade war between the US and China is depressing the price of copper and the red metal would be 5% to 15% higher without the dispute, the chairperson for Chile's Antofagasta told a Chilean newspaper on Sunday. "Without the commercial war, I am convinced that the price of copper would be... 

Vale CFO says hopes to restore lost output within two to three years

13th May 2019 Brazilian miner Vale expects to restore capacity lost after the deadly Brumadinho tailings dam burst within two to three years, executives said on Friday, emphasizing that the company is not rushing to resume full output. The dam's collapse, which came a little over three years after a similar... 

Livent executives to exit after lithium forecast slashed

13th May 2019 Philadelphia-based Livent said on Friday that two senior executives were leaving to pursue other opportunities, coming just days after the lithium producer cut its 2019 forecast and warned that demand was slipping for a version of the white metal it produces. Livent said chief growth officer... 

LME appoints first female chairperson in its history

10th May 2019 The London Metal Exchange (LME) has appointed Standard Chartered and ConocoPhillips board member Gay Huey Evans – the first female chairperson in its 142-year history. Evans, who is also on the board of Itau BBA International and has previously worked at Citi, Barclays Capital and the UK's... 

Acacia hits back at parent Barrick in Tanzania row

10th May 2019 Acacia Mining on Thursday hit back at parent company Barrick Gold's allegation the miner was an obstacle to solving a long-running tax row in Tanzania. Barrick CEO Mark Bristow said in a results presentation on Wednesday that Acacia was not cooperating, prompting Acacia to demand clarification... 

'Require, not ask' for women in mining, urges ex-Anglo chief

9th May 2019 Mining is not only for men. Companies have to do more to push gender diversity, according to Cynthia Carroll, former CEO of Anglo American. “Companies should require, not ask that executives promote, recruit and include women,” Carroll said in an interview on the sidelines of a conference in... 

Albemarle touts new project to boost its Chilean lithium output by 30%

9th May 2019 Albemarle said on Thursday it is moving forward on a project it claims will boost its Chilean lithium production by 30% without extracting more brine from the environmentally sensitive Salar de Atacama, the world's driest desert. The company, the world's largest producer of the white metal used... 

Aurelia Metals scraps talks to buy Glencore's CSA mine

9th May 2019 Aurelia Metals on Thursday said it was no longer in talks about a possible acquisition of the CSA mine in New South Wales, the second Australian miner since April to back off from plans to buy the Glencore-owned copper mine. Last month, Aeris Resources said it was unable to reach an agreement... 

China to promote capacity restructuring in steel, coal, coal-fired power

9th May 2019 China will encourage mergers and restructuring in the steel, coal and coal-fired power sectors this year as part of its campaign to mainstream heavy industry, the country's economic planner said in a statement on Thursday. China will eliminate all "zombie firms" by forcing them to write off or... 

Rio Tinto shipping more aluminium to Europe as US demand slows

9th May 2019 Rio Tinto has begun shipping more aluminium to markets like Europe to offset slowing demand from the US partly caused by the trade dispute between China and the US, CEO Jean-Sébastien Jacques said on Thursday. Jacques said that demand for Rio Tinto's products had not been impacted by the... 

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