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
Southern Copper, Peru’s third largest copper producer controlled by Grupo Mexico, expects to boost its copper production in Peru by 520,000 metric tons in 8-10 years if it executes its $8.5 billion portfolio of projects, a top executive said on Wednesday.
Wednesday, May 22, 2024 - 14:46:15
Swiss-based trading house Glencore and aluminum producer Rusal have extended their long-term supply contract into next year after the amount traded so far has amounted to a fraction of the agreement’s maximum volumes, a source with direct knowledge said on Wednesday.
Wednesday, May 22, 2024 - 14:44:59
Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they hope to explore for minerals, in what could be the start of a controversial new mining industry.
Wednesday, May 22, 2024 - 14:40:51
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
Record prices of gold and copper are buoying the spirits of mining leaders gathered in the Peruvian capital this week.
Wednesday, May 22, 2024 - 14:48:01
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
A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix Tshisekedi’s office, which has replaced the firm with a Nigerian oil producer.
Wednesday, May 22, 2024 - 14:43:37
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
Mining News Pro - Ancient Kazakh gold treasure. Photo by Oleg Belyalov-east2west news.
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