Northam CEO says South African platinum miners facing worst crisis in decadesPlatinum prices fell due to weaker growth in China and destocking by manufacturers post-Russia-Ukraine invasion.Reuters | March 1, 2024 | 7:48 am
Codelco says 85% of energy supply will be renewable by 2026The miner has secured three 15-year contracts that will guarantee…Reuters | March 1, 2024 | 7:43 am
SQM expands into lithium glut in bet that buyers will returnSQM, which is closely watched because it’s more exposed to…Bloomberg News | February 29, 2024 | 5:02 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
Mexican mining chamber calls for end to strike at Newmont gold mine Mexico's Camimex mining chamber called for authorities to help find a solution to a strike at the major Penasquito gold mine. Reuters | August 14, 2023 | 10:36 am
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
Codelco turns to new CEO as debt piles up at top copper producer Codelco will name its third CEO in a year in the coming weeks as the company struggles to turn around a slump in output and earnings. Bloomberg News | August 14, 2023 | 7:53 am
Alrosa reports strong diamond sales despite sanctions The company reported a first-half net profit of $551 million. Reuters | August 14, 2023 | 7:44 am
Freeport hit by cyberattack; impact on production limited The incident is affecting information systems, and future operations could be impacted if the attack is prolonged, company said. Bloomberg News | August 11, 2023 | 12:15 pm
South32 to halt some Appin mine operations amid workers strike Workers voted to go on a strike till Aug. 18 after rejecting a new workplace deal that would have given them a 6.3% pay hike this year. Reuters | August 11, 2023 | 6:31 am
Rio Tinto inks infrastructure deal for Simandou iron ore project The project has been haggled over for years, with exploitation delayed by legal wrangling and the difficulty and cost of building infrastructure. Reuters | August 11, 2023 | 6:05 am
Rusal boosts Asia revenue but Europe remains a key market Asia accounted for 33% of Rusal's revenue in the first six months of the year, up from 23% a year earlier. Reuters | August 11, 2023 | 5:00 am