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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.

Vedanta's Gamsberg mine stays shut as search continues for trapped worker

4th December 2020 South Africa's Gamsberg zinc mine remains shut while owner Vedanta Zinc International (VZI) continues to search for a worker trapped underground following a rockfall on November 17, the company said on Friday. "The rescue and recovery team are working hard on ensuring the operation is... 

Copper surges as fears build for post-pandemic shortage

4th December 2020 Copper in London hit the highest in more than seven years amid deepening concerns that miners will struggle to match demand as a global recovery bolsters this year’s China-driven boost. The metal used in wires and cables is on the cusp of a fifth weekly advance, in a powerful rally fueled by... 

BHP says copper output needs to double in 30 years, criticises pricing system

3rd December 2020 Copper production must double in the next 30 years to meet demand driven by global trends towards decarbonisation and electrification, a senior BHP executive said on Thursday. Copper, widely used in power and construction, is well placed to benefit from the decarbonisation targets of some the... 

China to allow Australian coal cargo ashore despite ban

3rd December 2020 China is set to allow a shipment of Australian coal into the country, according to a person familiar with the matter, despite a ban on such imports remaining in place as tensions between Beijing and Canberra escalate. A cargo of 135 000 tons of Australian thermal coal on the vessel Alpha Era,... 

Australian inquiry into sacred cave destruction seen recommending mining reforms

3rd December 2020 An Australian inquiry into Rio Tinto's destruction of ancient rock shelters is likely criticise the miner's procedures and recommend legal and sector reforms when it issues its findings next week, according to legal, Indigenous and mining sources. The inquiry into the lawful destruction of the... 

Iron-ore sizzles as Vale's output guidance adds fuel to rally

3rd December 2020 China's iron-ore benchmark scaled a record high on Thursday after miner Vale SA unveiled output targets that lagged forecasts, adding to concerns about weak seaborne supply. Iron ore on China's Dalian Commodity Exchange ended daytime trade up 1.7% at 937 yuan ($142.86) a tonne, near its peak of... 

Battery costs fall, make electric vehicles cheaper - BMI

3rd December 2020 The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI). One barrier to a higher take up of electric vehicles has been the high... 

Codelco lifts copper production in October 2020, private mines see drop - Cochilco

3rd December 2020 Chile's State miner Codelco, the world's top copper producer, increased output in October while privately-owned multinationals saw a decrease, Chilean copper commission Cochilco said on Wednesday. Codelco saw production rise 3.5% year-on-year in October to 159 900 t and 2.9% in the first ten... 

Vale output goals lag forecasts, sets emission targets

3rd December 2020 Brazilian miner Vale on Wednesday unveiled iron-ore production targets that lagged previous forecasts while underlining its efforts to pay reparations related to a dam disaster and lower carbon emissions in the coming years. Vale's new forecast output of 300-million to 305-million tonnes of... 

Germany scraps renewable fee on hydrogen to encourage new technology

2nd December 2020 Germany's government on Wednesday lifted a charge levied on power prices to support renewable energy for producers of so-called green hydrogen, part of a bid to encourage the nascent technology for low-carbon fuels. The Berlin cabinet decided to waive the renewable energy fee under the EEG... 

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