Latest Metals and minerals industry News

Bloomberg at UN: US president must end fossil fuel subsidies

Dec. 10, 2019 9:20 AM EST

MADRID (AP) — The next U.S. president should stop subsidizing fossil fuels to help tackle climate change, billionaire Michael Bloomberg said Tuesday, highlighting an issue that is the central pillar of his bid for the Democratic nomination in the 2020 presidential race. Bloomberg, who launched his...

Court rejects Minnesota's renewal of US Steel mine permit

Dec. 9, 2019 5:06 PM EST

MINNEAPOLIS (AP) — The Minnesota Court of Appeals on Monday reversed a decision by state regulators to renew a wastewater discharge permit for U.S. Steel's giant Minntac iron ore mine in the northeast of the state. The court sent the dispute back to the Minnesota Pollution Control Agency for further...

Mexico may accept US steel trade rule, rejects aluminum

Dec. 9, 2019 10:27 AM EST

Mexico may accept U.S. requests for greater regional content on steel, as long as there is a five-year phase-in period. Foreign Relations Secretary Marcelo Ebrard said a U.S. request for 70% regional content on steel could be written into an addendum to the U.S.-Mexico Canada free trade agreement. But Ebrard...

EU approves state aid to develop car batteries industry

Dec. 9, 2019 7:57 AM EST

BRUSSELS (AP) — The European Union has approved 3.2 billion euros ($3.5 billion) in subsidies from seven member countries that want to develop the electric battery industry and challenge China's supremacy. The EU said Monday that the plan subsidized by Belgium, Finland, France, Germany, Italy, Poland and...

Company lays off miners after hiring them from Blackjewel

Dec. 6, 2019 6:02 PM EST

HARLAN, Ky. (AP) — A coal producer that purchased multiple Kentucky mines and hired workers from a now-bankrupt company has laid some of the miners off. State Rep. Angie Hatton said miners told her Friday that Kopper Glo, the company that purchased mines from Blackjewel LLC., has idled its mines until at...

Massive Polish coal mine sparks international dispute

Dec. 6, 2019 7:37 AM EST

UHELNA, Czech Republic (AP) — Polluted air, noise, dry wells. The Turow lignite coal mine in Poland is causing trouble for the environment and local communities - even in Germany and Czech Republic, whose border is just a short walk away. Plans to further expand the huge open pit mine have caused alarm...

2 Russians charged in 'Evil Corp' global cybertheft ring

Dec. 5, 2019 5:55 PM EST

WASHINGTON (AP) — The Justice Department unsealed charges Thursday against the alleged leader and a top associate of a Russian cybercriminal gang that U.S. and British officials say developed and distributed malware used to steal at least $100 million from banks and other financial institutions in more...

Asian stocks follow Wall Street lower on trade worries

Dec. 4, 2019 12:11 AM EST

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday after President Donald Trump cast doubt over the potential for a trade deal with China this year. Benchmarks in Tokyo and Hong Kong fell more than 1% while Shanghai and South Korea also retreated. Trump said he has "no deadline" for a...

Court seems ready to curb claims over Montana Superfund site

Dec. 3, 2019 4:34 PM EST

WASHINGTON (AP) — The Supreme Court seemed inclined Tuesday to rule that Montana homeowners who are seeking additional cleanup of arsenic left over from years of copper smelting need the permission of the Environmental Protection Agency. That outcome would be a loss for the homeowners and a win for...

AP Interview: New IAEA head seeking answers from Iran

Dec. 3, 2019 2:00 PM EST

VIENNA (AP) — The United Nations’ atomic watchdog agency is still waiting for information from Iran on the discovery of uranium particles at a site near Tehran, the agency’s new director general told The Associated Press on Tuesday in an interview. In his first day as head of the...