Latest Base metals industry News

Coal, balancing environmental and financial impacts

Jan. 18, 2020 3:06 AM EST

SOMERSET, Pa. (AP) — Len Lichvar doesn’t like to see the Stonycreek River running red. That’s an indicator that iron, or another metal, is leaching into the waterway. He has been working and volunteering to clean area rivers and streams for about three decades with the state Fish & Boat...

FILE - This Feb. 10, 2016 file photo shows a former iron ore processing plant near Hoyt Lakes, Minn., that would become part of a proposed PolyMet copper-nickel mine. The Minnesota Court of Appeals has rejected two of the most important permits for the planned PolyMet copper-nickel mine in northeastern Minnesota in a major victory for environmentalists. A three-judge panel ruled Monday, Jan. 13, 2019, that the state Department of Natural Resources erred when it declined to order a proceeding known as a

Minnesota court rejects major permits for PolyMet mine

Jan. 13, 2020 4:01 PM EST

ST. PAUL, Minn. (AP) — The Minnesota Court of Appeals on Monday rejected some of the most important permits for the planned PolyMet copper-nickel mine in northeastern Minnesota, giving a major victory to environmentalists. A three-judge panel ruled that the state Department of Natural Resources erred when...

Treasury Secretary Steven Mnuchin, right, and Secretary of State Mike Pompeo, left, participate in a briefing at the White House in Washington, Friday, Jan. 10, 2020. (AP Photo/Susan Walsh)

Trump ups Iran accusations, says 4 US embassies targeted

Jan. 11, 2020 1:36 AM EST

WASHINGTON (AP) — Confronted by persistent questions about his military action in the Middle East, President Donald Trump and his top officials offered a string of fresh explanations Friday, with Trump now contending Iranian militants had planned major attacks on four U.S. embassies. Just hours earlier,...

Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin brief reporters about additional sanctions placed on Iran, at the White House, Friday, Jan. 10, 2019, in Washington. (AP Photo/ Evan Vucci)

US announces new sanctions on Iran after missile strikes

Jan. 10, 2020 12:01 PM EST

WASHINGTON (AP) — The Trump administration on Friday announced a new wave of sanctions on Iran following this week's missile strikes by the Islamic Republic on U.S. bases in Iraq. Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin said the new sanctions will target eight senior Iranian...

London-based firm says it's buying Louisiana steel mill

Dec. 23, 2019 6:22 PM EST

LAPLACE, La. (AP) — London-based Liberty Steel Group said Monday that its $28 million cash offer has made it the preferred buyer for a Louisiana steel mill that shut down abruptly in the fall, putting 376 people out of work. Bayou Steel Group announced the layoffs and shutdown Sept. 30. The following day,...

Fiat Chrysler sells cast iron business to Brazil's Tupy

Dec. 20, 2019 5:35 AM EST

ROME (AP) — Fiat Chrysler said on Friday its has sold its cast iron automotive components business operated through its subsidiary Teksid to Brazil's Tupy for 210 million euros ($233 million). The sale includes Teksid’s cast iron production facilities in Brazil, Mexico, Poland and Portugal, in...

US Steel to reduce operations near Detroit in 2020

Dec. 19, 2019 9:47 PM EST

ECORSE, Mich. (AP) — U.S. Steel Corp. said Thursday it will indefinitely idle major operations at factories near Detroit. The Pittsburgh-based company said it would send notices to 1,545 employees at Great Lakes Works, although it anticipates that the actual number of people affected will be lower. U.S....

FILE - In this Oct. 4, 2011, file photo, a core sample drilled from underground rock near Ely, Minn., shows a band of shiny minerals containing copper, nickel and precious metals, center, that Twin Metals Minnesota LLC, hopes to mine near the Boundary Waters Canoe Area Wilderness in northeastern Minnesota. Twin Metals Minnesota has formally submitted a plan to regulators for the underground copper-nickel mine. The filing launches what's expected to be a lengthy environmental review and permitting process for what would be Minnesota's second copper-nickel mine. (AP Photo/Steve Karnowski, File)

Twin Metals Minnesota files formal mine plan with regulators

Dec. 18, 2019 5:51 PM EST

ST. PAUL, Minn. (AP) — Twin Metals Minnesota formally submitted a plan to regulators Wednesday for an underground copper-nickel mine near Ely in northeastern Minnesota, a project that has drawn fierce opposition because it would sit just upstream from the Boundary Waters Canoe Area Wilderness. Company...

Dutch farmers, construction workers protest pollution policy

Dec. 18, 2019 6:46 AM EST

THE HAGUE, Netherlands (AP) — From border crossings in the east to a steel factory in the west, Dutch farmers and construction workers protested Wednesday against the government pollution policies they say are driving them out of business. Farmers took to the roads in their tractors, blocking a major...

US Steel agrees to pay $8.5M to settle air pollution lawsuit

Dec. 13, 2019 6:18 PM EST

HARRISBURG, Pa. (AP) — U.S. Steel Corp. has agreed to pay $8.5 million to settle a 2017 class-action lawsuit that accused the steelmaker of negligence in allowing air pollution emissions from its Clairton Coke Works. The proposed agreement was filed in Allegheny County Court and a hearing on it was...