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Iron ore: Vale SA profits below estimates
Brazilian miner Vale SA on Thursday reported third-quarter net profit of $3.9 billion, significantly below analysts’ forecasts of $6.2 billion, due to lower iron ore prices and a write-down of its coal business. While Vale’s net profit fell by almost half...
Titanium and zirconium: Ukraine cancels United Mining and Chemical Company’s sales auction
Ukraine has cancelled the privatisation auction for the sale of Europe’s largest titanium and zirconium miner, United Mining and Chemical Company (UMCC), due to a lack of participants. The same auction in August had also been cancelled for this reason. The state...
Coal: China sets price in bid to ease energy crisis
China’s state planner has set an immediate price target for thermal coal in its most direct intervention yet to cool the market for the key power generation fuel amid a severe energy crisis. The price target was revealed during meetings on Tuesday and Wednesday...
Copper: Antofagasta appeals US plan to block Twin Metals mine
Antofagasta Plc reported Wednesday that it would ask US officials to reconsider a proposed 20-year ban on mining in Minnesota’s Boundary Waters region, a plan announced last week that would block its Twin Metals copper and nickel project. According to Julie...