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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.

Russia may change tax for steel raw materials, fertilisers, Nornickel

16th September 2021 Russia may set a new mineral extraction tax (MET) linked to global prices for the country's producers of iron ore, coking coal and fertilisers, as well as complex ore mined by Nornickel, four sources at companies familiar with talks told Reuters. Moscow has been searching for additional proceeds... 

Bradespar to distribute about $1bn in Vale stock to shareholders

16th September 2021 Brazilian holding company Bradespar, one of the largest shareholders in miner Vale SA, said it will distribute 5.2-billion reais ($990-million) in Vale shares to its shareholders, reducing its capital. In a securities filing late on Tuesday, Bradespar said the proposal will be put to a vote at... 

Top lithium producer Albemarle, union in Chile reach agreement, ending strike

16th September 2021 Albemarle, the world's top lithium producer, said on Wednesday it had reached a labor contract deal with a union at its Atacama salt flat plant, ending a month-long strike that had inflamed tensions between workers and the company. The 135-member "Albemarle Salar" union, which comprises about... 

In Arctic push, US extends new economic aid package to Greenland

16th September 2021 Greenland said on Wednesday it had agreed a new economic aid package with the United States which seeks to boost ties the world's biggest island and strengthen US military presence in the Arctic. Washington has a military base on Greenland but paid little attention to the Arctic for two decades... 

Codelco reaches labor agreement with union at small Salvador division

16th September 2021 Chile's State-owned Codelco, the world's largest copper producer, said on Wednesday it had reached agreement on a labor contract with a union representing workers at its small Salvador division in northern Chile. The miner and the Benito Tapia Tapia union No. 6 signed a 36-month deal that... 

China calls for better reporting of mineral reserves for energy security

15th September 2021 China has asked local governments and major oil companies to conduct a thorough survey of their mineral reserves as it seeks to provide more "dynamic" updates on the country's mineral wealth for the sake of its energy and economic security. The Ministry of Natural Resources urged provinces,... 

FirstRand to end funding for new coal mines, power plants

15th September 2021 South Africa's FirstRand will end funding for new coal-fired power stations and coal mines and has lowered the cap on its coal exposure as part of moves to reach net-zero emissions by 2050, it said on Wednesday. South Africa's banks are the biggest on the continent, with the likes of FirstRand... 

China backs Congo's ban on six small Chinese mining companies

14th September 2021 China gave its backing on Tuesday to a Congolese provincial government's order last month banning six small Chinese-owned mining companies operating illegally. The move comes as Democratic Republic of Congo's President Felix Tshisekedi increases scrutiny of Chinese mining activities, reviewing a... 

Zambia says it will restore 'sanity' to rattled mining sector

14th September 2021 Zambia's newly-appointed mines minister said on Tuesday that the government will ensure stability and predictability in the mining sector, seeking to allay fears of royalty hikes. Paul Kabuswe also said the government must root out corruption in mining, which is the engine of Zambia's economy. 

Union at Albemarle Atacama plant rejects new contract offer, strike continues

14th September 2021 A Chilean union at Albemarle Corp, the world's top lithium producer, said on Monday it had rejected the company's latest labour contract offer, leaving workers to continue a walk off that has extended for more than a month. The 135-member "Albemarle Salar" union, which comprises about half the... 

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