Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43 billion takeover proposal.
Tuesday, May 21, 2024 - 14:25:30
Australia’s Gibb River Diamonds (ASX: GIB) is getting closer to restarting the mothballed Ellendale diamond mine in West Kimberley after being granted three mining leases that are key for the project.
Tuesday, May 21, 2024 - 14:23:12
China’s SDIC Mining Investment Co. is in advanced talks for a significant minority stake in Asia Pacific Potash Corp., according to people familiar with the matter.
Monday, May 20, 2024 - 18:00:27
Australia’s Queensland state will decide this month whether to give Glencore a key approval to bury liquefied carbon dioxide in the country’s largest aquifer, a plan farm groups say must be blocked because it risks poisoning water supplies.
Monday, May 13, 2024 - 14:17:41
Sibanye-Stillwater’s Queensland operations are back up and running following a period of severe weather in the first quarter of the year.
Sunday, May 12, 2024 - 18:15:17
The Peruvian government’s 2024 copper production goal of 3 million metric tons is realistic, senior industry executives said on Tuesday, as the country seeks to boost mining investments to help lift the economy out of recession.
Wednesday, May 22, 2024 - 14:35:56
Canadian copper miner Hudbay Minerals plans to raise $300.2 million in an equity offering to help fund near-term growth initiatives at its Copper Mountain unit among other purposes, the company said on Tuesday.
Wednesday, May 22, 2024 - 14:34:54
Copper’s barnstorming run is showing signs of cooling, one day after reaching an all-time high, with investors cautioning its rally may have been running ahead of weak fundamentals for refined metal.
Tuesday, May 21, 2024 - 14:30:27
As part of the mining industry’s transition towards electrification, Sandvik has initiated a pilot project to deploy a second-life battery energy storage system (BESS) at to-be-determined assets held by Glencore.
Tuesday, May 21, 2024 - 14:27:55
Southern Copper Corp. hopes to begin construction as soon as this year at a once fiercely contested copper mine in Peru’s coastal mountains as socio-political tensions ease and authorities get behind the project.
Tuesday, May 21, 2024 - 14:24:06
Solaris Resources has scrapped plans to sell a minority stake to China’s Zijin Mining Group because it feared the deal was unlikely to meet Canada’s stringent foreign- investment standards in a timely manner, the Canadian company said on Tuesday.
Tuesday, May 21, 2024 - 14:29:00
An employee died Sunday at a Nutrien potash mine in Saskatchewan, temporarily shuttering the operation as the company conducts an investigation, the company said Monday.
Tuesday, May 21, 2024 - 14:26:49
Gold touched a new record of $2,450 an ounce on Monday as increasing optimism over the Federal Reserve’s monetary policy and rising geopolitical tensions paved the way for another rally in the metal.
Monday, May 20, 2024 - 17:51:20
Spot silver surpassed $30 an ounce to hit the highest level in more than a decade.
Saturday, May 18, 2024 - 17:46:04
The International Centre for Settlement of Investment Disputes (ICSID) ruled in favour of Peru in a decade-long dispute with gold dealer Kaloti Metals & Logistics, LLC.
Saturday, May 18, 2024 - 17:42:33
Global mining heavyweights including Lundin Mining Corp., Glencore Plc and First Quantum Minerals Ltd. are piling into Argentina as a new government intent on luring foreign investment propels the companies closer than ever to opening up vast copper deposits in the red-hued Andes.
Wednesday, May 22, 2024 - 14:38:08
Suncor Energy Inc. shares rose to an almost 16-year high after the oil-sands producer accelerated plans to ramp up share buybacks, marking a win for activist investor Elliott Investment Management LP.
Wednesday, May 22, 2024 - 14:33:26
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, extending the period of consecutive purchases to 18 months despite high gold prices.
Tuesday, May 7, 2024 - 22:31:41
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group’s $39 billion takeover bid, a source familiar with the matter told Reuters.
Saturday, May 4, 2024 - 14:38:31
A five-year delay to decarbonization efforts could see global average temperatures rising to 3 degrees Celsius above pre-industrial levels and result in a 55% fall in global average spending, a report by consultancy Wood Mackenzie showed.
Thursday, May 2, 2024 - 14:15:32
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