Tag Archives: Mining

26Sep/17

BHP, world’s largest miner, says 2017 is ‘tipping point’ for electric cars

SINGAPORE (SEPTEMBER 26, 2017) (REUTERS) – This year looks set to be the “tipping point” for electric cars, Arnoud Balhuizen, chief commercial officer at BHP, said on Tuesday (September 26), adding that the impact for raw materials producers would be felt first in the metals markets and only later in oil.
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18Jan/17

Vedanta’s Zambia mine to pay first instalment of $100 mln fine by month-end

LUSAKA Jan 17 (Reuters) – Konkola Copper Mines (KCM), owned by global conglomerate Vedanta Resources PLC, will pay the first tranche of a $100 million fine to the Zambian government by the end of month, the country’s investment firm said on Tuesday.
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26Nov/15

Glencore’s Zambia copper mining unit lays off 4,300 workers – company and union sources

Lusaka, Zambia (Reuters) – Glencore’s Zambian unit has laid off 4,300 workers, union and company sources said on Tuesday, as the mining and trading company deepens cuts in copper output to support flagging prices.
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07Sep/15

Glencore to suspend dividend, sell new shares to cut debt

Mining and commodities trading firm Glencore announces it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year.

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20Apr/15

The high cost of iron ore’s price fall

(Reuters Business Report) – Few people have much sympathy for the mining companies.

Environmentally damaging, polluting, and hugely profitable, finding friends is no easy task.

BUT they also employ millions of people.

Most of them in developing countries, and often poorly paid.
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20Mar/15

Peruvian mayor of town near giant copper project assassinated

The mayor of a Peruvian town near a controversial multi-billion dollar mining project assassinated in an apparent ambush.

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