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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.

Polymetal's biggest shareholder raises $443m from 4% stake sale

18th September 2020 Russian gold and silver producer Polymetal's biggest shareholder has raised £342-million from the sale of a 4% stake in the company through an accelerated book building (ABB), a bookrunner said on Friday. IST Group, owned by businessman Alexander Nesis, sold 19-million shares in Polymetal, it... 

Iron ore snaps three-day slump as pace of China port inventory growth slows

18th September 2020 ron-ore futures snapped three sessions of losses on Friday after industry data showed that the pace of portside inventory rise of the steelmaking ingredient in China slowed this week, while benchmark contracts were set for weekly losses. The most-traded January 2021 contract of iron ore on the... 

Australia's Whitehaven Coal calls to reject investor resolution on climate change

18th September 2020 Whitehaven Coal on Friday urged its shareholders to vote against a resolution at its annual general meeting that pushed for disclosing a plan annually on how it would meet certain goals of the Paris Agreement on climate change. Australia's biggest independent coal miner called the resolution,... 

'Nobody has done anything': Amazon indigenous group decries illegal mining

17th September 2020 An Amazon indigenous group that earlier turned away a planned hydroelectric dam is now battling a surge of illegal gold mining in its territory during the Covid-19 pandemic, a tribal activist said. The Sawré Muybu territory of the Munduruku indigenous people, in Brazil's Pará state, has not been... 

BHP sought to disturb cultural sites even after concerns raised - inquiry

17th September 2020 BHP Group pursued permission to damage Aboriginal cultural sites in April, an Australian parliamentary inquiry heard on Thursday, despite being told of the distress it would cause traditional owners. The inquiry is investigating Rio Tinto's legal detonation in May of sacred and historically... 

Cornish Lithium mulls second round of crowdfunding, IPO for UK project

17th September 2020 Britain's Cornish Lithium said on Thursday it was considering another round of crowdfunding for its geothermal lithium project after reporting high grades of the key battery ingredient in brine that also produces renewable power. The exploration company, founded and headed by ex-banker Jeremy... 

Restoration after 2015 Brazil dam burst behind schedule -UN expert

17th September 2020 None of 42 projects to repair damage from the 2015 collapse of a Brazilian dam is on track, according to a United Nations expert report published shortly before mining giant BHP hears if it will be pursued through English courts over the disaster. UN Special Rapporteur Baskut Tuncak alleged... 

Russia considers mineral extraction tax rise, Kremlin says no decision

16th September 2020 Russia is considering tripling the mineral extraction tax on metals and fertiliser producers as Moscow seeks ways to raise revenues, industry sources told Reuters on Wednesday, although the Kremlin said no decision had yet been taken. The tax rise under review, which would affect firms including... 

Miner BHP says Aboriginal landowners free to speak on how it manages cultural heritage

16th September 2020 BHP Group said on Wednesday the destruction of a 43 000-year old Aboriginal rock shelter in Australia by fellow miner Rio Tinto had impacted the trust between Indigenous land owners and the resource industry. It said it would halt work that could impact Aboriginal sacred sites while it consulted... 

US to remove tariffs on Canadian aluminum, Ottawa drops threat of retaliation

16th September 2020 The Trump administration said on Tuesday it will remove 10% US tariffs on raw Canadian aluminum as long as imports of the metal stay below levels that are expected to "normalise" over the next four months. In response, Canada dropped a threat to impose billions of dollars of retaliatory... 

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