Mining’s old guard needs strong medicine

A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.

Frik Els | November 22, 2024 | 3:29 pm

BHP bets billions on Chile mines to face global copper crunch

BHP detailed to investors this week plans to spend $10.7…

Reuters | November 22, 2024 | 10:07 am

Barrick touts ‘world-class’ potential of Fourmile project with huge resource boost

For the next stage of the Fourmile project, Barrick plans…

Staff Writer | November 22, 2024 | 8:24 am

Congo’s Gecamines offers $1 million to block Chinese deal with Chemaf

Chemaf agreed to sell its assets to Chinese defence and…

Reuters | November 22, 2024 | 7:54 am

Alrosa plans production cuts and staff reduction for 2025

The miner may cut its labor costs by 10%, which…

Staff Writer | November 21, 2024 | 6:59 am

Tycoon Adani charged by US over alleged $250 million bribe plot

The billionaire was charged with participating in a scheme that involved paying more than $250 million in bribes to Indian government officials.

Bloomberg News | November 20, 2024 | 1:47 pm

SQM’s net profit slips on lower lithium prices

The world's second-largest lithium producer reported a 73% drop in third-quarter net profit on Wednesday.

Reuters | November 20, 2024 | 5:46 am

Rio Tinto report shows bullying remains rife with women targeted

Rio Tinto’s latest report comes after the government of Western Australia in June 2022 released its own landmark inquiry.

Bloomberg News | November 19, 2024 | 5:31 pm

Rio Tinto, Panguna stakeholders to address mine legacy impacts at roundtable

The Panguna Mine Legacy Impact Assessment is expected to be published later this month.

Staff Writer | November 19, 2024 | 3:07 pm

Mitsui said to be top bidder for First Quantum mines stake

The Japanese company is considering buying a roughly 20% interest in the Sentinel and Kansanshi mines.

Bloomberg News | November 19, 2024 | 7:04 am

Glencore strikes deal to test copper technology at Chilean mine

Glencore’s Lomas Bayas mine agreed to begin on-site testing at scale of a leaching process developed by Ceibo.

Bloomberg News | November 19, 2024 | 6:57 am

BHP to spend up to $14 billion on Chilean copper expansion

BHP plans to invest $7.3 billion to $9.8 billion in new projects at its Escondida mine alone, starting in 2028.

Cecilia Jamasmie | November 19, 2024 | 6:19 am

Newmont sells Ontario gold mine to Orla for $850 million

The addition of the Musselwhite mine to its portfolio more than doubles Orla Mining's gold output to 300,000 ounces per year.

Cecilia Jamasmie | November 18, 2024 | 3:47 am

BHP warns Australian mining not ready for low-cost competitors

The boom in demand from China’s industrialization is now “past the period of aggressive growth,” BHP’s Australia President said.

Bloomberg News | November 17, 2024 | 4:44 pm

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