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Australia Federal Court narrows BHP's suits over Samarco disaster

19th December 2018 The Federal Court of Australia on Tuesday ordered that the number of class-action lawsuits against BHP Group over a Brazilian mine collapse be narrowed to one from three. BHP is facing legal challenges over the 2015 collapse of the Fundao tailings dam, which stored mining waste at a mined owned... 

Portugal sees first lithium licensing tender in 2019, wants refinery

18th December 2018 Portugal expects to launch a tender for lithium exploration licences next year, the new secretary of state for energy said on Tuesday, confirming the general outlines of a plan devised under his predecessor, although with a slight delay. In September, Joao Galamba's predecessor Jorge Seguro... 

China hopes US can learn not to 'blurt things out' after Zesco denial

18th December 2018 China hopes the US can learn a lesson and "not blurt things out", the Foreign Ministry said on Monday, after Zambia denied claims by a White House official that China is about to take over its state power utility to recover debt. US National Security Advisor John Bolton said on Thursday that... 

Mitsubishi exits thermal coal sector, sells stakes in Australia mines

18th December 2018 Japan's Mitsubishi said on Tuesday it will sell its stakes in two Australian thermal coal mines for A$750-million, a move that means its exit from upstream thermal coal amid growing pressure from environmental activists. The stake sales comes as a growing number of companies and pension funds... 

Global climate pact seen as weak

18th December 2018 Nearly 200 countries overcame political divisions late on Saturday to agree on rules for implementing a landmark global climate deal, but critics say it is not ambitious enough to prevent the dangerous effects of global warming. After two weeks of talks in the Polish city of Katowice, nations... 

Canadian regulator to consider Katanga settlement proposal Tuesday

18th December 2018 A Canadian regulator will consider on Tuesday whether to accept a proposal from Katanga Mining to settle allegations related to the Glencore-controlled company's activities in Democratic Republic of Congo. Katanga said in a statement on Monday it could not give details of the proposal until... 

Fortescue expects to produce up to 10Mt of new mid-grade iron-ore in 2019

18th December 2018 Australia's Fortescue Metals Group on Monday announced the first shipment of its new mid-grade iron ore and said it expected to produce 5-million tonnes to 10- million tonnes of the commodity next year. The shipment of 60.1% West Pilbara Fines iron ore went to customers in China, but Fortescue... 

Newcrest raises stake in Ecuador copper/gold developer SolGold

18th December 2018 Australian gold miner Newcrest Mining Ltd has raised its holdings in Ecuador gold and copper developer SolGold, nudging further ahead of the company's second biggest investor BHP Group . Newcrest International paid 11.148-million pounds for 27.87-million shares of SolGold at 0.40 pound a share,... 

Naspers leads $540m investment in Indian tech startup

17th December 2018 Naspers and Canada's State pension fund have invested $540-million in Indian educational technology startup Byju's, the South African internet giant said on Monday. Bengaluru-based Byju's launched a learning app in 2015 that offers tools for school students in India, a country with the world's... 

Canadian regulator to fine Glencore-controlled miner over Congo - WSJ

17th December 2018 A Glencore-controlled mining company and some of its current and former executives have agreed to pay more than $22-million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese President Joseph Kabila, the Wall Street Journal reported. The... 

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