Anglo American bullish on copper outlook, cuts diamond targetsIt produced 11% more copper in the first quarter, but its diamond unit De Beers saw output drop by 23% on high inventories.Cecilia Jamasmie | April 23, 2024 | 5:35 am
Gold price falls again after biggest daily slump in almost two yearsAfter climbing to a record earlier this month, the precious…Bloomberg News | April 23, 2024 | 5:26 am
Mayur Resources fully funded for Central Lime project in Papua New GuineaCLP is within Mayur’s unique Single Factory Special Economic Zone,…Staff Writer | April 22, 2024 | 4:37 pm
Iron ore price climbs as China’s PBOC cuts rates to support recovery The metal rose after the People’s Bank of China cut the rate on one-year loans by 15 basis points — the most since 2020. Bloomberg News | August 15, 2023 | 8:20 am
Weak demand sends near-term LME aluminum discount to highest since 2008 The LME benchmark three-month aluminum contract dropped to its lowest since July 7. Reuters | August 15, 2023 | 7:45 am
TechMet raises $200m to counter China’s critical minerals control Fresh equity will be deployed across TechMet’s ten assets, which aim at reducing the west’s dependence on China for critical minerals. Cecilia Jamasmie | August 15, 2023 | 2:58 am
China’s gold prices rising higher than rest of world due to import curbs The swing to a premium is being driven by tighter supply in China, the World Gold Council said in a report last week. Bloomberg News | August 14, 2023 | 5:34 pm
Azure Minerals rejects $585m takeover bid from SQM The Australian company rejected the buyout bid received on August 12. Reuters | August 14, 2023 | 5:05 pm
New Found Gold explores use of Maritime’s processing facility for early production NFG has signed an MOU for the right to conduct due diligence and exclusivity to negotiate a toll milling agreement at the existing Pine Cove mill. Staff Writer | August 14, 2023 | 2:38 pm
Esmark makes $7.8 billion offer for US Steel Corp On Sunday, US Steel launched a formal review of strategic options after rebuffing a takeover offer from rival Cleveland-Cliffs. Reuters | August 14, 2023 | 12:21 pm
US Steel soars after it rejects $7.25 billion Cliffs bid Cliffs said it submitted the proposal privately on July 28 and received a rejection letter on Sunday that called the offer “unreasonable.” Bloomberg News | August 14, 2023 | 9:18 am
Deep sea miner The Metals Company stock surges on $27 million capital raise According to TMC, this registered direct offering is on significantly above-market standard terms, and is led by its largest shareholder. Staff Writer | August 14, 2023 | 9:17 am