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Future of copper production thrown into doubt by worker cuts
When the pandemic hit and mines around the world shut, those in Chile figured out a way to keep churning out copper for Chinese factories. They kept non-essential staff at home and introduced longer schedules for streamlined crews of 60-70% of normal levels. The...
US to re-impose tariffs on Canadian aluminum imports
The Trump administration is set to re-impose tariffs on aluminum imports from Canada next week, a move that is likely to cause a political uproar and an economic fallout for the maple leaf country. If Canada declines to impose export restrictions, Bloomberg reported,...
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...