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Anglo declares force majeure in Australia

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Anglo American has pronounced force majeure on its coal mines in Australia's Queensland state due to prolonged heavy rains.

Storms cause BHP to close coal mines

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BHP Billiton has declared force majeure on some coal operations in Queensland's Bowen Basin.

Japan devises palladium-like alloy

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Japanese researchers have created an alloy with properties similar to palladium, a precious metal used in many high-tech goods, according to a news report.

Silver hits 30-year peak

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Spot silver is trading at historical levels, buoyed by a weak dollar and strength in base metals, while gold is holding steady on good physical demand.

China’s rare earths cut raises trade concerns

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China has raised fresh international trade concerns after slashing export quotas on rare earths minerals, risking action from the USA at the World Trade Organisation.

Anglo secures Minas-Rio port costs deal

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Anglo American has concluded long-term port tariff arrangements for its Minas-Rio iron ore project in Brazil and obtained clarity about the port's capital funding.

Copper hits record high

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Copper may be heading towards $10 000 a tonne, traders say.

Copper hits fresh high

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Copper has risen to a record high of $9,437.50 per tonne, fuelled by a supply-bottleneck in Chile.

Australian storms hit Anglo

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Anglo American Metallurgical Coal says heavy rains have impacted its coal production in Australia's Queensland state.

Major backer opts out of Sallies

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The controlling shareholder of Sallies has agreed to sell its stake in the fluorspar miner to a minority backer, according to a company statement.