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Codelco workers threaten action in job conditions row
Workers at Chile’s state-owned miner Codelco, the world’s largest copper producer, said on Friday that they would take “action” against what they describe as threats to their jobs. Tensions with between unions and the Chilean company have risen over complaints about...
SEC to examine Rio Tinto whistleblower claims over Oyu Tolgoi
The U.S. Securities and Exchange Commission is examining claims from a whistleblower that Rio Tinto was aware of problems at its underground copper mine extension project of Oyu Tolgoi in Mongolia months before the miner confirmed the project would face delays and...
Vale conducts first iron ore sale via blockchain
Brazil’s Vale conducted its first iron ore sale via blockchain to a subsidiary in China of Nanjing Iron & Steel in what the mining company said was an important milestone towards digitalization of sales. The letter of credit was issued through Contour’s blockchain...
China factory, building boom sends iron ore price to 6-year high
Iron ore prices hit six-and-a-half year highs on Thursday as the Chinese construction and manufacturing sector experiences levels of activity last seen almost a decade ago. A key gauge of economic activity in China – responsible for more than half the world’s steel...