Gold Fields Ltd. (GFI) said Thursday that it has appointed Chris Griffith as chief executive, to succeed Nick Holland, who will retire on March 31.. Griffith was the CEO of Anglo American Platinum Ltd. between 2012 and 2020.. The South African gold miner said Mr.
BHP Group Ltd. Wednesday reported a 6% increase in first-half iron-ore production, but said metallurgical coal and copper production both fell 5%. Here are some remarks from the operational report. "Total petroleum production decreased by 12% to 50 million barrels of oil equivalent.
SYDNEY--BHP Group Ltd. (BHP) said it produced more iron ore but less coal, copper and petroleum in the first half of its fiscal year, as it flagged an impairment charge of between $1.15 billion and $1.25 billion against an Australian coal unit. BHP, the world's largest mining company by value, also raised its projection for annual iron-ore output following the restart of its Samarco joint venture operations with Vale SA in Brazil, which had been suspended for five years following a...
LONDON--The London Metal Exchange is proposing to close its open-outcry ring, where traders have swapped metals like copper and lead using an array of cries and hand signals for 144 years, in a bid to attract more financial players to its marketplace. The LME temporarily closed the ring when Covid-19 ripped through the U.K. in March last year, judging the tight circle of red couches that dozens of traders crowd around to be a health risk. In a discussion paper on market structure...
Rio Tinto PLC (RIO) on Tuesday reported a slight lift in 2020 iron-ore shipments, and a fall in its output of mined copper. Here's some remarks from the operational report on what it's seeing in its markets. "Economic activity, particularly in Europe, continues to be disrupted in the short term due to measures to combat Covid-19.
SYDNEY--Rio Tinto PLC Tuesday reported a 1% lift in annual shipments of iron ore from its Australian mining hub and forecast a wide range for 2021 exports around a similar level as it deals with uncertainties tied to the pandemic and a review of heritage laws. The Anglo-Australian mining company, which runs one of the world's biggest iron-ore export operations, said it shipped 330.6 million metric tons of the commodity from its mines in Australia's remote Pilbara region in the...
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