Maaden sees Aramco fuel price hike hitting earnings

“The expected financial impact will be an increase of approximately 3.2% of the total annual cost of sales,” Maaden said in a filing.

Bloomberg News | January 4, 2024 | 10:54 am

Endeavour Mining says it fired CEO for ‘serious misconduct’

The removal of Sébastien de Montessus follows an investigation by…

Bloomberg News | January 4, 2024 | 10:41 am

CMOC takes Glencore’s cobalt crown as output jumps 170%

Hong Kong-listed CMOC produced 55,526 tons of cobalt in 2023,…

Bloomberg News | January 4, 2024 | 10:11 am

Barrick, Antofagasta to spend $95m exploring for copper in Chile

Through the newly formed Minera El Encierro, the companies will…

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

Teck ditches coal, flags lower copper output in Chile

Japan’s Nippon Steel and South Korea's Posco now own Teck's…

Cecilia Jamasmie | January 4, 2024 | 3:49 am

Smaller miners’ hunger for cash grows as copper prices fall, sparking M&A bets

Copper M&A more than doubled in 2022 to $14.24 billion from the previous year, according to an S&P Intelligence report.

Reuters | July 24, 2023 | 3:19 am

CHARTS: Value of world’s 50 biggest mining companies slump $356bn from post-pandemic peak

MINING.COM’s ranking of world’s biggest miners welcomes the first Indonesian company to the top tier and Perth as the city hosting the greatest number on the list.

Frik Els | July 21, 2023 | 2:35 pm

Newcrest drops after potential buyer Newmont’s weak second quarter

Shares of Newcrest Mining Ltd fell as much as 5.4% on Friday, marking its worst intraday fall in nearly 10 months.

Reuters | July 21, 2023 | 7:47 am

Glencore expects 2023 trading unit profits of up to $4 billion

The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10%.

Reuters | July 21, 2023 | 7:33 am

Vedanta posts 41% slump in Q1 profit on soft metal prices

Shares of the company closed 6.2% higher ahead of the results.

Reuters | July 21, 2023 | 7:33 am

Hydro says Russian metal threatens LME benchmark, Rusal hits back

While there are no sanctions on Russian metal, consumers are ignoring aluminium produced by Rusal, which accounts for 6% of global supplies.

Reuters | July 21, 2023 | 6:26 am

Ecuador, SolGold seal deal to launch nearly $5bn mining project

Construction of the Cascabel mine is seen starting in 2025, with operations kicking off in 2030.

Reuters | July 20, 2023 | 5:14 pm

Barrick Gold targeted by Russian cybercriminal group Clop in global data theft that hit Sun Life, Vancouver transit police

Clop’s modus operandi is to demand ransom in return for not publishing the data stolen, or to sell it to a third party.

Niall McGee - The Globe and Mail | July 20, 2023 | 11:28 am

Orea amends deal with Nordgold regarding stake in French Guiana project

In August 2022, Orea announced that it would be buying out Nordgold's majority stake in the 5-million-ounce project for C$100 million.

Staff Writer | July 20, 2023 | 9:05 am

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