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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.

Vale says it has ended use of converted VLCC ships

14th December 2020 Brazilian miner Vale has stopped using very large crude carrier (VLCC) ships converted into very large ore carriers (VLOC), following a final delivery to China on Sunday, according to a securities filing on Monday. Vale had said in January it would stop using the converted ships, opting instead... 

Samarco to restart mining five years after deadly dam burst

14th December 2020 Brazilian miner Samarco is planning to restart operations in late December, the company said on Friday, five years after a dam burst killed 19 people and resulted in Brazil's worst ever environmental disaster. Samarco Mineracao, a joint venture between BHP Group and Vale, said it had begun the... 

Rare earth producers aim to agree global environment standards in 2021

14th December 2020 Producers of rare earths, under increasing pressure from their industrial buyers over longstanding pollution issues, are hammering out a single set of global environmental standards, the head of the industry association has told Reuters. Manufacturers of products such as electronic goods and... 

China Moly buys 95% of DRC copper/cobalt mine from Freeport for $550m

14th December 2020 China Molybdenum said on Sunday it had acquired a 95% stake in the Kisanfu copper/cobalt mine in the Democratic Republic of Congo (DRC) from US-based Freeport-McMoRan Inc for $550-million. The Chinese company's takeover of the undeveloped Kisanfu project - discussed as early as 2016 - boosts its... 

Vedanta says it will fight any attempt by Zambia to sell Konkola Copper Mines

11th December 2020 Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. The protracted legal fight with Zambia began in May 2019, when Lusaka appointed a liquidator for KCM, which... 

Zambia to buy gold from miners to bolster foreign reserves

11th December 2020 The Bank of Zambia will begin buying gold from Canadian miner First Quantum Minerals and the state mining firm as it resumes holding the precious metal as part of its foreign reserves, the central bank governor said on Friday. The southern African nation - a major copper producer - became... 

Codelco reaches labour deal with union at Radomiro Tomic mine

11th December 2020 Chile's State-owned Codelco, the world's largest copper producer, said on Thursday it had reached an early contract agreement with a union at its Radomiro Tomic mine. The 36-month agreement does not impact salaries, but does include final bonuses for the equivalent of about $4 800 per worker.... 

Strife with indigenous groups could derail Ecuador's drive to be a mining power

10th December 2020 Conflicts with indigenous communities have stalled operations at Ecuador's San Carlos Panantza copper mining project, which the government of President Lenin Moreno had long pointed to as an example of mining sector expansion that would generate $40-billion in export revenue over the next... 

Vale negotiating funds for Brumadinho disaster

10th December 2020 Iron-ore miner Vale and the government of Brazil's Minas Gerais state are negotiating an agreement to settle damage claims stemming from the 2019 Brumadinho dam disaster involving the injection of billions of reais into funds to be managed by the state government. The talks on Wednesday focused... 

One union at Chile's Centinela mine reaches contract deal, another still talking

9th December 2020 One of the unions in contract negotiations with Antofagasta Minerals at its Centinela mine has reached an agreement with the Chilean miner, while another was still in talks, union leaders said on Wednesday. The Minera Esperanza union entered government-mediated negotiations in late November in a... 

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