As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African subsidiaries.
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Visit: 31
Lithium market struggles to recover after epic boom and bust
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was followed by an even more breathtaking collapse: a fast-expanding industry that is more prepared than ever to keep pumping out supplies.
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Visit: 71
Platinum deficit in 2024 to be deeper than expected – WPIC
A global platinum deficit in 2024 will be deeper than previously expected as mines hit by low prices for palladium and rhodium cut supply, the World Platinum Investment Council (WPIC) said, adding there were risks mine supplies could fall even further.
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Congo picks Symbion to tap methane-filled lake
Mining News Pro - New York’s Symbion Power won a bid to produce electricity from methane trapped in a lake in the eastern Democratic Republic of Congo, the country’s oil minister Didier Budimbu Ntubuanga told Bloomberg.
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Visit: 174
Russia’s Rusal: 2023 sales pick up after LME decision
Mining News Pro - Rusal’s sales had already exceeded 76% of its primary aluminum and value-added production for 2023, the company said, confirming an earlier source-based report by Reuters.
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Visit: 672
Picasso pigment may be key to recovering gold from e-waste
Mining News Pro - Researchers at Nagoya University and the Tokyo Institute of Technology discovered that a pigment called Prussian blue may be the key to recovering precious metals such as gold and platinum from nuclear and electronic waste.
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Visit: 482
Foraco wins $60m deep directional drilling contract with BHP Olympic Dam
Mining News Pro - Foraco International, a leading global provider of mineral and water drilling services, has been awarded a major contract with BHP Olympic Dam.
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Visit: 664
Zambia “very close” to picking investor for Mopani copper mine
Mining News Pro - Zambia’s government is close to finding a private investor for Mopani Copper Mines, President Hakainde Hichilema said on Monday, in order to ramp up production at the mine, one of the biggest in the country.
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Visit: 369
Tianqi Lithium said to pick banks for Hong Kong listing
Mining News Pro - Tianqi Lithium Corp., a Chinese supplier of the key material used in batteries, has selected banks for a share offering in Hong Kong that could take place as soon as mid-2022, according to people familiar with the matter.
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Visit: 745
Tianqi Lithium said to pick banks for Hong Kong listing
Mining News Pro - Tianqi Lithium Corp., a Chinese supplier of the key material used in batteries, has selected banks for a share offering in Hong Kong that could take place as soon as mid-2022, according to people familiar with the matter.
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Visit: 385
Noront picks Wyloo’s latest offer, BHP won’t match
Mining News Pro - Noront Resources said on Tuesday it has chosen to go with the latest bid put forward by Australian billionaire Andrew Forrest’s Wyloo Metals, giving BHP five business days to match the offer.
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Visit: 452
Rio Tinto picks outgoing Canadian ambassador to China as chairman
Mining News Pro - Rio Tinto has picked outgoing Canadian ambassador to China and veteran management consultant to lead its board as the miner tries to put the destruction of ancient rock shelters in Australia behind it.
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Visit: 308
Otso Gold CEO detained in Finland on suspicion of fraud
Mining News Pro - A former CEO of Otso Gold, Brian Wesson, has been detained in Finland and remains in pre-trial custody under criminal suspicion of aggravated embezzlement and payment fraud, the company has disclosed.
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Visit: 475
Wolfden boosts resources at Pickett Mountian base metals project in Maine
Mining News Pro - Wolfden Resources has released new resource numbers for its Pickett Mountain base metals project in Penobscot County, Maine. Both indicated and inferred resources have been significantly increased – 22% and 57%, respectively – from a previous estimate completed in 2020.
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Visit: 516
Ravenswood expansion going for Olympic gold
Mining News Pro - Queensland’s historic Ravenswood gold mine has been touted as the supplier of gold for the Brisbane Olympic and Paralympic medals in 2032, as the government pushes for its expansion.
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Visit: 665
Regis receives final approval for Tropicana acquisition
Mining News Pro - Regis Resources has received ministerial approval for its acquisition of IGO’s 30 per cent interest in the Tropicana gold mine in Western Australia.
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Visit: 638
BHP hands Olympic Dam contract to Boom
Mining News Pro - BHP has awarded a $15 million smelter maintenance contract at the Olympic Dam operation in South Australia to Boom Logistics.
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Visit: 668
IGO sells Tropicana for A$903m
Mining News Pro - Gold miner Regis Resources on Tuesday announced plans to raise A$650-million capital to partly fund the A$903-million buy of ASX-listed Independence Group’s (IGO’s) 30% interest in the Tropicana gold project, in Western Australia.
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Visit: 647
IGO sells Tropicana stake to Regis for $903m
Mining News Pro - Regis Resources has inked an agreement to purchase IGO’s 30 per cent interest in the Tropicana gold mine joint venture with AngloGold Ashanti in Western Australia.
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Visit: 590
Gold Road yet to secure acquisition of Tropicana stake
Mining News Pro - Gold Road Resources has confirmed that a bid it made to acquire IGO’s 30 per cent interest in the Tropicana joint venture project in Western Australia has not reached an agreement.
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Visit: 598
PIC lifts stake in Sibanye to 15.155%
Mining News Pro - Precious metals miner Sibanye-Stillwater has received formal notification that the Public Investment Corporation (PIC) has increased its total shareholding in Sibanye from 14.39% to 15.155%.
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Visit: 852
Tropicana position strengthens amid IGO exit plans
Mining News Pro - IGO has surpassed its production and cost guidances for the December quarter at the Tropicana gold joint venture project in Western Australia.
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Visit: 548
QLD miners bunker down for ex-Tropical Cyclone Kimi
Mining News Pro - Queensland miners have again found themselves facing the potential of an extreme weather event as ex-Tropical Cyclone Kimi edged closer to Townsville this morning.
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Visit: 684
Sundance picks a fight with Cameroon and Congo
Mining News Pro - Junior Sundance Resources has serviced notices of dispute on the Republic of Congo (RoC) and Cameroon over its Mbalam and Nabeba iron-ore projects.
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Visit: 501
Carawine expands foothold at Tropicana North
Mining News Pro - Carawine Resources has tightened its hold of the Tropicana North gold project in Western Australia with the acquisition of Phantom Resources.
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Visit: 492