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Freeport Indonesia to shift to all-underground mining by 2022
Freeport Indonesia, operator of Grasberg, the world’s second-biggest copper mine, is on track shift to all-underground mining by 2022, its chief executive said on Sunday. “By 2021, approximately 75% of our operations will be underground mining, with it reaching 100%...
ArcelorMittal considers sale of Canadian assets
ArcelorMittal, the world’s biggest steelmaker, is evaluating the potential sale of its infrastructure assets in Canada, where it has the largest and most profitable iron ore operation, as it seeks to cut debt by divesting non-core businesses. The facilities the...
Glencore hit by another probe over Congo dealings
Mining and commodities trader Glencore is facing a criminal investigation in its home country for failing to have organizational measures in place to prevent alleged corruption in the Democratic Republic of Congo (DRC). The probe by the Swiss Attorney General,...
BHP expands nickel exposure as Norilsk exits Australia
BHP said on Friday it was expanding its exposure to nickel by purchasing nickel tenements in Western Australia in a deal marking the exit from the country of Russian mining group Norilsk Nickel. The mining giant said it had agreed to buy the Honeymoon Well Nickel...