Base Metals Top Stories

Lonmin tanks as UK competition watchdog looks into Sibanye takeover

By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye’s were down 4.9% in Johannesburg, even though the companies announced they had received the approval of the South African Reserve Bank (SARB).

Cecilia Jamasmie | May 15, 2018 | 3:45 am

Chinese scrap ban won’t do much for copper price

Net supply impact for China only around 100kt in 2018…

Frik Els | May 14, 2018 | 3:07 pm

Strike shuts off 1.2 mln T bauxite output at Guinea SMB mine

The company had already lost between one million to 1.2…

Reuters | May 14, 2018 | 11:02 am

Lonmin cuts H1 loss and trims spending ahead of Sibanye merger

The proposed deal with Sibanye is conditional upon Lonmin retaining…

Reuters | May 14, 2018 | 9:47 am

Glencore, Barrick expect prospecting licence for Tanzania nickel project

Tanzania is seeking a bigger slice of the pie from…

Reuters | May 14, 2018 | 9:33 am

Codelco’s 2022 pretax profit slumps 63%

The world's largest copper producer said its yearly production is down 10.6%.

Reuters | March 31, 2023 | 9:29 am

Generation Mining’s updated Marathon feasibility shows strong economics

The company recently finalized an offtake agreement with Glencore.

Staff Writer | March 31, 2023 | 9:20 am

Column: Tin’s bull flames doused by weak electronic goods demand

Tin may not stay off the radar for too long.

Reuters | March 31, 2023 | 8:12 am

Biden makes electric vehicle credits elusive in bid for US auto renaissance

The guidance released Friday clarifying provisions of the IRA will leave few EVs eligible for up to $7,500 credits as of April 18.

Bloomberg News | March 31, 2023 | 8:03 am

Illegal Amazon miners are expanding into copper as prices surge

Earlier this month, agents dismantled illicit mines in Canaa dos Carajas, near Vale’s Sossego mine.

Bloomberg News | March 31, 2023 | 7:33 am

Mercedes-Benz is “able and willing” to invest capital in mining – CEO

The company has opened up a raw materials office in Canada to further discussions in the region on sourcing raw materials.

Reuters | March 31, 2023 | 7:25 am

Rio Tinto, First Quantum partner to move La Granja copper project in Peru to development

First Quantum will acquire a 55% stake in the project for $105 million, making it the majority owner.

Staff Writer | March 30, 2023 | 3:11 pm

CHART: Demand is soaring, but global mining is not expanding

Mining companies have to run just to stand still, but expansion capex in the global mining sector as a percentage of profits has halved in a decade.

Frik Els | March 30, 2023 | 10:56 am

LME launches sweeping plan to revive nickel contract

The LME plans to work with China's Qianhai Mercantile Exchange (QME) to launch trading in lower nickel grades.

Reuters | March 30, 2023 | 10:49 am

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