miércoles, 16 de mayo de 2018

BHP faces shareholder class action over Brazil mine disaster

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Mining News Digest
Thursday 17 May 2018
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Australian law firm Phi Finney McDonald alleges BHP knew the dam was at imminent risk of breaking but did not tell markets.

Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.

Commercial production is expected in the second quarter of the year.

"The (last) miner's body was trapped under one of many structures in the destroyed pit," JSW said in a statement.

The deal is for an initial three-year term on a "fixed-price take-or-pay basis."

European leaders sought unity on Wednesday toward threatened U.S. import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions.

Rising interest rates have trimmed the metal's gains.

Zimbabwe has attracted intense interest from miners with a promise of favourable terms as it seeks to reboot its economy after veteran leader Robert Mugabe was ousted last year.

Finance Minister says indemnification would stay in place even if Kinder Morgan walks away.

China's thirst for energy is roiling markets in Europe, jolting the outlook for coal-hungry utilities as they struggle to cope with tighter pollution and environmental rules.

The global market for polished coloured diamonds is now dominated by Rio Tinto and Anglo American's De Beers. But state-controlled Alrosa aims to compete.

Copper is known as "man's first metal", and for over 10,000 years, it's been used in applications ranging from architecture to coinage.

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