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Waterton agrees not to increase stake Hudbay to more than 15%

8th May 2019 Private equity firm Waterton Global Resource Management on Tuesday said it agreed to not increase its stake in Hudbay Minerals to more than 15% after the private equity firm settled its drawn out proxy contest with the Canadian miner. Hudbay last week settled a board battle with its second... 

Australia's Pilbara Ports throughput drops 1% in April

8th May 2019 Australia's Pilbara Ports Authority (PPA) said on Wednesday that throughput slipped 1% in April from year earlier. April's throughput was 58.8-million tonnes, the PPA said in a statement. 

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... 


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