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US: new mining royalty plan seen as anti-green and pro-China
In Washinton on Tuesday, members of the Senate Energy and Natural Resources (ENR) Committee opposed House Democrats' attempt to change the mining law through a partisan budget process. US mining companies have blasted Congressional proposals that would set royalties...
Copper: agreement reached to avoid roadblock at Las Bambas mine
The Peruvian government reported on Tuesday that it had reached an agreement with MMG Ltd's Las Bambas mine and the local Chumbivilcas community to avoid roadblocks that have threatened production at the huge copper mine. The country's mines minister announced in a...
Copper: Las Bambas standoff puts Castillo’s mining reform pledges to the test
Peru's new socialist government came to power pledging to strike a new deal with the copper mining sector and redistribute profits to Andean communities such as those around the huge Las Bambas project, owned by China's MMG. These promises are now being put to the...
Steel: Chinese prices rise on increasing impact of production cuts
The Chinese steel market has seen prices of most products rise ahead of the Golden Week holiday (1-7 October 21). The increasing impact of production curtailments resulting from environmental concerns and power reductions has provided support for domestic prices....