R/€ = 19.09 Change: 0.02
R/$ = 16.20 Change: -0.01
Au 1905.98 $/oz Change: 2.31
Pt 880.16 $/oz Change: 0.62


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.

Supervisors at Chile's Escondida copper mine to vote on labour deal, strike risk remains

9th October 2020 The union of supervisors at Chile's Escondida mine, the world's largest copper deposit, began voting on Thursday on a new contract offer from majority owner BHP Group Ltd in a bid to stave off a strike. The union told Reuters that voting on the proposal would continue on Friday. Copper prices... 

Chile lithium miner SQM says to slash water, brine use at Atacama

9th October 2020 Chilean miner SQM said late Thursday it would immediately slash its use of both fresh water and lithium-rich brine from Chile's Atacama salt flat in a push to reduce the overall impact of its operations. The announcement comes two months after SQM lost a high profile legal battle that forced it... 

Hurricane Delta steams across Gulf of Mexico, halting 80% of oil output

8th October 2020 Hurricane Delta began its march through prime US offshore oil producing areas in the US Gulf of Mexico on Thursday as energy companies moved drilling rigs and pulled workers off platforms. The storm, expected to intensify over the Gulf's warm waters to a Category 3 hurricane with winds of 185... 

Indonesian State miner completes 20% stake buy in Vale unit for $375m

8th October 2020 Indonesia's state miner Mining Industry Indonesia (MIND ID), formerly known as PT Inalum, completed its purchase of a 20% stake in nickel miner PT Vale Indonesia, the country's state- owned enterprises ministry said on Thursday. MIND ID bought the 20% stake at 2 780 rupiah per share, totaling to... 

Barrick CEO warns of reserve crisis

8th October 2020 Barrick Gold CEO Mark Bristow on Wednesday said the gold industry in Africa should consolidate further, as he warned of a "serious reserve crisis" looming for the sector. A dearth of exploration has seen average mine life across the gold mining sector fall from 20 years to closer to 10 years, he... 

Amazon mining overlaps 20% of indigenous land, worsening deforestation - report

8th October 2020 Mining concessions and illegal mining operations overlap more than a fifth of indigenous land in the Amazon, causing higher deforestation rates, said a report published on Wednesday. Some 1.5-million indigenous people live in the Amazon, where mining activities affect some 445 000 km2 of their... 

BHP freezes membership of Australian state mining lobby over Greens campaign

7th October 2020 BHP Group has suspended its membership of an Australian state mining lobby group that has campaigned against the Greens political party ahead of an election this month in coal-rich Queensland state. Global miner South32 also said it had formally raised concerns with the group, the Queensland... 

Brazil judge denies request to freeze Vale accounts

7th October 2020 A Brazilian judge denied a request to freeze 26.7-billion reais ($4.81-billion) in miner Vale's accounts, the courthouse said on Tuesday, in a decision related to losses incurred after the Brumadinho tailings dam burst last year. The decision is a setback for prosecutors, who have been taking a... 

Crowd attacks office of Centerra's Kumtor mine – media

7th October 2020 Dozens of unidentified people tried to break into the office of Canadian-owned Kumtor Gold Company in the Kyrgyz capital of Bishkek on Wednesday, Russian news agency TASS and news website said. Several miners had reported attacks on their offices and facilities a day earlier amid... 

Ghana suspends gold royalty fund's London listing - finance ministry letter

6th October 2020 Ghana has suspended the $500-million listing of its gold royalty fund Agyapa Royalties in London following concerns raised by the main opposition party about transparency and governance, a finance ministry letter reviewed by Reuters showed. In an Oct. 1 letter to the special prosecutor, deputy... 


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