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Iron ore: production down for Rio Tinto
Rio Tinto reported a 12% drop in quarterly iron ore shipments after storms hit its operations in Western Australia. The company reported that it now expects to ship near the lower end of its range of 325 million tons and 340 million tons in 2021, meaning it could be...
‘Zombie’ mines are coming back to life thanks to metal prices
The silver mine in Bosnia and Herzegovina that was shut down during the years of civil war that has gripped the region since the early 1990s could soon be reopened to benefit from an optimistic price outlook. Adriatic Metals Plc’s Vares project could resume...
US Dollar: What effects on commodities market
The US dollar seems to be recovering against the euro, the renminbi and the other major currencies (Jby,Gbp, Cad, Sek and Chf – summarized in the dollar index). By graphically analyzing, on a weekly basis, quotations started to rise again from the fundamental...
BHP’s Cerro Colorado must start from zero on environmental plan
A Chilean court ruled Tuesday that BHP’s Cerro Colorado copper mine will have to start over from zero on an environmental plan for a key mine maintenance project. The Antofagasta environmental court annulled the 2019 approval for the project, which includes work...