Investors relieved BHP walked from $49 billion Anglo takeover deal

BHP’s timing was good but the complexity of the deal requiring demergers and a copper price rally made it difficult to execute, investment officer said.

Reuters | May 30, 2024 | 11:59 am

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

It is said that Anglo's five operating coal mines, development…

Reuters | May 30, 2024 | 10:35 am

Hecla’s Yukon unit given ‘substantial’ fine for environmental risks

The unit, Alexco Keno Hill Mining, pled guilty to failing…

Staff Writer | May 30, 2024 | 8:43 am

Codelco reaches collective agreement with unions

The miner reached a collective contract agreement with two workers'…

Reuters | May 30, 2024 | 7:20 am

How a rattled South Africa became Anglo’s best defence against BHP bid

More than 20% of Anglo shares are held by South…

Reuters | May 30, 2024 | 7:04 am

South African platinum industry could shed up to 7,000 jobs to cut costs

South African PGM miners, home to around 70% of global mined platinum output, are discussing the need to restructure unprofitable production.

Reuters | February 5, 2024 | 7:04 am

Zambia to start trading its own copper, competing with Glencore

The government will directly buy and sell a portion of the copper produced in the nation, competing with trading giants including Mercuria Energy Group and Glencore.

Bloomberg News | February 5, 2024 | 7:01 am

Lynas Rare Earths quits tie-up talks with MP Materials

Lynas Rare Earths said confidential talks have ended with MP Materials for a possible merger.

Reuters | February 5, 2024 | 6:49 am

Anglo American explores for copper, cobalt in Zambia

The miner is in the early stages of exploring for copper and cobalt in Zambia's North-Western province, according to CEO Duncan Wanblad.

Reuters | February 5, 2024 | 6:42 am

Guinea’s SMB to invest up to $1 billion to boost bauxite exports

Guinea's leading bauxite producer will upgrade its river terminals and buy vessels.

Reuters | February 5, 2024 | 6:27 am

Chile battles forest fires in deadliest disaster in 14 years

Anglo American said copper transport from Los Bronces mines has been unaffected.

Bloomberg News | February 4, 2024 | 11:19 am

Guinea approves joint development deal for Simandou iron ore project

The deal involves the junta-led government, Rio Tinto, and Winning Consortium Simandou.

Reuters | February 4, 2024 | 10:53 am

Peruvian government unveils platform to expedite exploration permits

Officials from the Peruvian Ministry of Energy and Mines met with representatives from the largest mining companies to showcase the Digital Information Single Window platform.

Staff Writer | February 4, 2024 | 5:45 am

From green hype to bailouts, the nickel industry has imploded

The nickel market has been thrown into chaos after a flood of new supplies from Indonesia — the result of huge Chinese investment and major technological breakthroughs.

Bloomberg News | February 3, 2024 | 4:20 pm

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