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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/commodities-futures/mining-companies-want-to-turn-scrap-metal-into-green-energy-treasure-beb849de
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-latest-export-controls-prompt-countries-to-explore-supply-chain-diversification-318e74d1
Persons: Dow Jones
Refined copper bundles at a BHP mine in South Australia. Photo: sonali paul/ReutersMining companies are back at the deals table as they battle for control of commodities essential for making electric cars and renewable-energy infrastructure. The world’s largest miner is set to seal its biggest deal in more than a decade. An American gold giant is seeking to acquire an Australian rival that is rich in copper. And a Swiss commodities company has made two proposals to combine with a century-old Canadian competitor.
At Sue Schmidt’s gas station and roadhouse off a remote highway in the Australian Outback, employees usually watch out for snakes when they are walking outside. But this week, they were looking for something else: A tiny capsule of radioactive material that sparked a search along a roughly 900-mile stretch of the road. The capsule, used in mine equipment, went missing while in transit from a Rio Tinto PLC mine to Perth, Western Australia’s state capital. As the search dragged on over the past week, Ms. Schmidt and her employees grew wary of cleaning up the bottle caps and coins that they usually find outside the roadhouse, fearing that any shiny object could be the capsule that would hit them with a dangerous dose of radiation.
Western Australia state’s Department of Fire and Emergency Services crews had been searching for the tiny capsule. A tiny capsule containing radioactive material that sparked a search over hundreds of miles of highway in the Australian Outback has been found, authorities said Wednesday. The success “is testament to amazing inter-agency teamwork in the face of seemingly insurmountable odds,” Western Australia state’s Department of Fire and Emergency Services said on Twitter.
The coal ban reshaped energy markets and showed how Beijing’s efforts to use its economy as a foreign-policy tool can have limits. China effectively ended a ban on Australian coal that has been a centerpiece of a diplomatic dispute lasting more than two years, in the latest indication that Beijing is taking a less confrontational approach in its foreign policy as the economy struggles. Customs officials in the southern province of Guangdong on Thursday received notice from the local government that they can clear Australian coal shipments, two people familiar with the situation said. The move comes about a week after the country’s national planning agency permitted a group of large state-owned companies to buy Australian coal again. The Guangdong government didn’t immediately respond to a request for comment.
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