Peru’s mining exports fell in the first eight months, the first accumulated year-on-year drop in 2022.

SAO PAULO - Brazilian conglomerate Cosan said on Friday it had acquired a 4.9% stake in Vale and intends to increase its bet in the mining company.

Hot-rolled coil advanced 2.3%, while stainless steel gained 0.3%.

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Toronto-listed Teck Resources said on Thursday that its third-quarter steelmaking coal sales were 5.6-million tonnes, which was within its revised guidance of 5.5-million to 5.9-million tonnes.

India's thermal coal imports from Russia are expected to fall for the first time in four months in September, two research consultancies said, potentially resulting in lower revenues for Moscow at a time it is mobilising more troops to fight in Ukraine.

This week’s PERUMIN event in the city of Arequipa is the most important conference in Peru’s mining sector and is being held for the first time in three years after being canceled in 2020 and 2021 due to the pandemic and restrictions on movement.