The world’s iron ore powerhouse is preparing to reinvent itself

BHP last month reported a steeper-than-expected 32% fall in first-half profit.

A new professorship will aim to strengthen the pipeline of skilled engineers to work in tailings management immediately after graduating.

The Chilean state-owned firm had envisaged turning its mainly underground Salvador mine into an open pit by first half of 2023.

Agnico has never been a company that “pounds our chest on size and getting bigger for the sake of getting bigger,” CEO Ammar Al-Joundi said.

The property covers 39,943 hectares in north-central Saskatchewan.

China has built up stakes in more than two dozen Canadian mining companies, including some of the industry’s biggest names.

Kazakhstan's largest copper producer and miner KAZ Minerals will also participate in the project.

Auto sector executives increasingly anxious about surging prices and tighter supply of metals used in electric vehicle batteries.

"There is only one point that is currently pending and we hope it will be resolved as soon as possible", he said.