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Tanzania plans cable car for Mount Kilimanjaro

7th May 2019 Tanzania wants to boost tourist numbers by putting a cable car on Mount Kilimanjaro, Africa’s tallest mountain, and is in talks about the project with a Chinese and a Western company. Around 50 000 tourists climb Kilimanjaro annually. A cable car could increase tourist numbers by 50% by providing... 

ArcelorMittal to cut iron-ore output, slash jobs in Bosnia

7th May 2019 ArcelorMittal will reduce output and cut 300 out of 800 jobs at its iron ore mines in Bosnia, the world's largest steelmaker said on Tuesday. Output will be reduced by a third to one-million tonnes and the job cuts will be carried out from September, it said in a statement. 

US sinks Arctic accord due to climate change differences

7th May 2019 The United States has refused to sign an agreement on challenges in the Arctic due to discrepancies over climate change wording, diplomats said on Tuesday, jeopardising cooperation in the polar region at the sharp edge of global warming. Temperatures in the Arctic are rising at twice the rate of... 

BHP faces $5bn claim over 2015 Brazil dam failure

7th May 2019 Anglo-Australian mining giant BHP is facing a landmark, $5-billion damages claim in England for being "woefully negligent" in the run-up to a 2015 dam failure that led to Brazil's worst environmental disaster, a lawsuit alleges. The claim, which will be largest group action to be heard in... 

Rio Tinto to buy autonomous mining truck fleet from Caterpillar

7th May 2019 Rio Tinto has agreed to buy a fleet of autonomous trucks and other mining equipment from Caterpillar for its new Koodaideri iron ore mine in Western Australia, it said on Tuesday. Caterpillar will supply a fleet of 20 autonomous 793F trucks as well as four autonomous blast drills for the mine,... 

Sand mining 'mafias' destroying environment, livelihoods – UN

7th May 2019 Sand mining is eroding the world's river deltas and coastlines, damaging the environment and hurting livelihoods from Cambodia to Colombia, as government regulation fails to keep pace with rising demand, the United Nations warned on Tuesday. Global demand for sand and gravel, used extensively in... 

Vale says court halts Brucutu iron mining operations

7th May 2019 Brazilian miner Vale said on Monday that a court had ordered it to halt operations at its Brucutu iron-ore mining complex, reversing a lower court decision that had allowed the mines activities to resume. Vale, which has fallen under intense scrutiny after a dam at another complex ruptured in... 

Sandvik eyes listing of specialty steel business

6th May 2019 Swedish engineering group Sandvik is considering listing its Materials Technology (SMT) business after announcing plans on Monday to separate it from the rest of the group. SMT, Sandvik's specialty steel business, has been seen as a spin-off candidate for many years, and has lagged far behind the... 

Nigeria stock exchange receives MTN listing application, regulator says

6th May 2019 The Nigerian stock exchange has received South African telecoms firm MTN's listing application, the regulator said on Monday. Two people with knowledge of the matter disclosed the application last week, but the regulator did not confirm the registration until Monday. 

Boeing did not disclose 737 MAX alert issue to FAA for 13 months

6th May 2019 Boeing did not tell US regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s, but insisted on Sunday the missing display represented no safety risk The US planemaker has been... 

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