Copper needs to reach $12 000 a ton — a 20% jump from this week’s high — to incentivize large-scale investments in new mines, said Olivia Markham, who co-manages the BlackRock World Mining Fund. The metal’s price hit a two-year high near $10 000, but Markham said further gains are necessary to encourage miners to sign off on projects required to avoid […] The post BlackRock says $12 000 copper is needed to incentivise new mines appeared first on Tradelink Publications ..read more

Brazilian miner Vale on Wednesday said lower prices for iron-ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below analyst estimates. Vale, the world’s no.2 producer of iron-ore, posted a $1.7-billion net profit for the quarter ended in March, 9% lower than the year-earlier […] The post Lower iron, nickel and copper prices weigh on Vale’s quarterly earnings appeared first on Tradelink Publications ..read more

Diversified mining major BHP announced a proposed all-share offer that values Anglo American at £31.1-billion in a deal that has the potential to transform the mining industry landscape. BHP offered Anglo American shareholders £25.08 a share, including £4.86 a share for Anglo American Platinum (Amplats) shares and £3.40 a share for Kumba Iron Ore shares. The proposition entails Anglo demerging its holdings in […] The post BHP makes £31bn offer for Anglo American appeared first on Tradelink Publications ..read more

Zimbabwe is undergoing change and aims to attract more companies to do business in the country, but risks and challenges remain for businesses aiming to capitalise on the opportunities in the country. These were some of the views raised by Zimbabwean and international representatives during an information session on ‘Doing business in Zimbabwe’ hosted by the Southern African-German Chamber […] The post Changing business opportunities, challenges in Zimbabwe highlighted appeared first on Tradelink Publications ..read more

In today’s ruthless commercial and industrial world, it seems that product and service providers who are making a genuine effort to provide ‘no strings’ technical support and guidance are something of a dying breed. The announcement by Fenner Dunlop EMEA, previously known as Dunlop Conveyor Belting, that they have released a newly updated version of […] The post A Friend for Life – Fenner Dunlop upgrade their Belt Buddy App appeared first on Tradelink Publications ..read more

Poland’s industrial output fell most since April 2023 due in part to lower coal production, reducing the outlook for economic growth. Industrial output in the European Union’s most coal-reliant nation fell by 6% in March from the same month a year ago, while economists surveyed by Bloomberg saw it shrinking by 2.2%. Coal mining dropped […] The post Poland’s Coal Output Drop Raises Questions Over Economic Revival appeared first on Tradelink Publications ..read more

Australian green energy and iron-ore giant Fortescue has revealed a 6% decline in third-quarter iron-ore shipments, attributed to the repercussions of an ore car derailment on December 30, coupled with weather-related disruptions. The miner, which swiftly implemented a recovery plan, managed to ship 43.3-million tonnes during the quarter. The reduction in sales volumes resulted in […] The post Fortescue reports 6% dip in quarterly iron-ore shipments appeared first on Tradelink Publications ..read more

The federal Office of Surface Mining Reclamation and Enforcement has indicated it will reject a law the 2023 Montana Legislature passed to loosen water quality laws that govern coal mining. In a letter dated March 28, Jeffrey W. Fleischman with the agency’s Casper area office, flagged components of House Bill 576 as “inconsistent with” and “less effective than” federal […] The post Federal regulators look to block Montana coal mining law appeared first on Tradelink Publications ..read more

Canada’s capital gains tax hike for wealthy individuals and corporations in last week’s federal budget risks turning away investments from mineral exploration by reducing incentives, the country’s leading stock exchange operator and dealmakers told Reuters. Prime Minister Justin Trudeau‘s Liberal government proposed increasing the share of capital gains subject to taxation to two-thirds for individuals with annual investment profits […] The post Canada’s planned capital gains tax hike may choke mining startups appeared first on Tradelink Publications ..read more

Boss Energy has produced the first drum of uranium from its Honeymoon uranium project in South Australia. The achievement is part of Boss’ commissioning process at Honeymoon, which will see production ramp up to 2.45 million pounds (Mlb) of triuranium octoxide a year. Boss Energy managing director Duncan Craib described the first uranium drum as […] The post Boss produces first uranium drum from Honeymoon appeared first on Tradelink Publications ..read more