Glencore and Trafigura’s sanctions games are draining the LME

The world’s two biggest metals traders plan to withdraw the metal to profit from a new multi-tiered system created by the sanctions.

Bloomberg News | April 19, 2024 | 1:42 pm

Albemarle amongst recipients of tax credits under Biden’s clean energy drive

Thirty five projects got a total of $1.93 billion in…

Reuters | April 19, 2024 | 10:56 am

Congo copper mine suspended amid radiation concerns

The La Compagnie Minière de Musonoie project, known as COMMUS,…

Bloomberg News | April 19, 2024 | 9:42 am

UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive

The unit of International Holding Company recently made an offer…

Reuters | April 19, 2024 | 8:29 am

Codelco copper output affected by fatal accident, Chile minister says

After the death of a worker last month, the Radomiro…

Bloomberg News | April 19, 2024 | 8:26 am

Codelco reassessing costs of projects to upgrade mines

Chairman Pacheco also said the company would maintain capital spending next year at $4 billion, roughly in line with 2023.

Reuters | October 6, 2023 | 7:47 am

Strike at Newmont’s Peñaquito mine ends with 8% pay raise

Agreement ends a four-month-long strike at Mexico’s largest gold mine, which cost Newmont millions of dollars a day.

Cecilia Jamasmie | October 6, 2023 | 3:50 am

Newmont’s $16.7bn Newcrest deal gets all regulatory nods

The deal still awaits the crucial Newcrest shareholder vote, scheduled for Oct. 13.

Reuters | October 5, 2023 | 5:54 pm

Lundin in talks with Japanese trading houses to develop Argentina mine

New CEO Jack Lundin said the company is conducting risk analysis before finalizing strategic partners to help develop the Josemaria copper-gold mine.

Reuters | October 5, 2023 | 3:14 pm

BHP plans to keep its remaining coal after completing mine sales

Efforts to divest BHP’s interests in the Daunia and Blackwater sites in Queensland are ongoing.

Bloomberg News | October 5, 2023 | 2:39 pm

BHP to focus on cost cuts, patient on M&A

For BHP to engage in a buyout, it would need to consider price, ease of jurisdiction, and opportunity to add value.

Reuters | October 5, 2023 | 2:03 pm

Teck aiming for coal, metals business separation announcement by end of 2023

CEO Jonathan Price said the company is advancing a range of proposals with a range of counterparties.

Reuters | October 5, 2023 | 12:45 pm

Lundin scion leads group raising $500 million for mining fund

Nordic Natural Resources Capital will take “sponsorship” stakes and invest in mining companies at development or construction phases of their projects.

Reuters | October 5, 2023 | 11:49 am

Codelco loses CFO in latest blow to world’s top copper miner

Alejandro Rivera resigned as CFO a day after Codelco’s investment-grade credit rating was cut one notch by Moody’s.

Bloomberg News | October 5, 2023 | 11:29 am

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