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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.

Trump to approve land swap for Rio Tinto's Resolution Copper project

5th January 2021 US President Donald Trump's outgoing administration plans to approve a controversial land swap needed for Rio Tinto and partners to build an Arizona copper mining project that Native American tribes say will destroy sites of cultural and religious value. The move further escalates the growing... 

After golden year for precious metals, silver set to shine in 2021

4th January 2021 After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy recovers from the impact of the coronavirus. The pandemic triggered stockpiling by investors... 

Trafigura's Congo artisanal cobalt project to end, replaced by industrial mining

18th December 2020 Trafigura is ending an artisanal cobalt formalisation project in Democratic Republic of Congo, which it has run alongside miner Chemaf and NGO PACT for nearly two years, the commodities trader said on Thursday. A cooperative of artisanal miners on the Mutoshi project site has produced cobalt, a... 

Teck preparing for possible strike at Westshore coal terminal

18th December 2020 Miner Teck Resources on Thursday said it was preparing for the possible shutdown of a key coal export terminal on Canada's West Coast, after a union notice said strike action against terminal owner Westshore Terminals Investment could commence on Saturday. Westshore said Wednesday its Westshore... 

Solgold CEO handed shareholder rebuke at annual meeting

18th December 2020 Gold and copper miner Solgold's CEO Nick Mather was handed a strong rebuke on Thursday, with nearly half of the company's shareholders voting against his reappointment to the miner's board. Solgold, backed by BHP and Newcrest , has sparred with two of its largest shareholders over funding for... 

Canada unveils hydrogen strategy to kick-start clean fuel industry

17th December 2020 Canada has unveiled its long-discussed hydrogen strategy, calling on investors to spur growth in a clean fuel sector that the government says could be worth C$50-billion, create 350,000 jobs and help the country achieve net-zero emissions by 2050. Natural Resources Minister Seamus O’Regan said... 

Congo imposes travel ban on mining traceability director

17th December 2020 The Congolese government has banned the head of the state mineral certification body from leaving the country as a fraud investigation is underway, the Mines Minister said on Thursday. The department of internal security barred Pascal Nyembo, director-general of the "Centre d'Expertise,... 

Zambia President says greater State role in mines will help economy recover

17th December 2020 Zambia must build majority stakes in selected mines to benefit from its mineral wealth beyond taxes, President Edgar Lungu said on Thursday, as he set out an economic recovery plan after the country defaulted on a debt payment last month. Africa's second-biggest copper producer, Zambia is seeking... 

US SEC votes to relax requirements on ' 'resource extraction' disclosure

17th December 2020 The US Securities and Exchange Commission on Wednesday voted to relax disclosure requirements on payments made by oil, gas and mining companies to foreign governments. The agency's 3-2 vote to adopt industry-friendly changes to its so-called "resources extraction" disclosure rule addresses a... 

Zimbabwe central bank to form new gold refining unit, sell shares to miners

17th December 2020 Zimbabwe's central bank will unbundle its gold refining and printing unit into two separate companies and sell a majority stake in the new gold refinery business to miners, governor John Mangudya said on Wednesday. Reserve Bank of Zimbabwe's Fidelity Printers and Refiners (FPR) is the sole buyer,... 

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