Mining profits reach $230 billion a year, topped only by oil & gas, pharma; Lithium prices continue to soar – up 88% in 2021; Massive new port could give Vale back iron ore crown.
Report – mining majors adopted a conservative approach after the 2015–16 market downturn focusing on cost cutting, productivity and expanding liquidity.
BHP moves exploration team to Toronto to grow copper, nickel pipeline; Tesla gets involved in New Caledonia mine to secure nickel supply; Newmont to buy GT Gold for $311 million; Sibanye calls for mega-merger with AngloGold, Gold Fields
Despite gold's price slump, strong copper and iron ore prices lifted MINING.COM's ranking of the world's 50 most valuable miners to a new record high of $1.35 trillion.
