Rinehart buys 18% stake in Azure Minerals to block SQM takeover

Hancock Prospecting's stake in Azure is just short of the 20% level that would require a mandatory buyout offer.

Cecilia Jamasmie | October 27, 2023 | 3:47 am

Pre-tax profit for Codelco down 65% this year through Sept

Chile’s Codelco, the world’s largest copper producer, on Thursday posted…

Reuters | October 26, 2023 | 3:42 pm

Vale’s third-quarter profit slips but beats expectations

The company reported a 36% year-on-year decline in third-quarter net…

Reuters | October 26, 2023 | 2:56 pm

Vale to pay out $2 billion to shareholders, launch buyback program

The company will pay 2.33 reais per common share in…

Reuters | October 26, 2023 | 1:38 pm

Panama’s top court considers lawsuit over First Quantum deal

The court said in a statement that it will issue…

Bloomberg News | October 26, 2023 | 11:04 am

Column: Automakers rush in where miners fear to tread

It's a useful reminder that going upstream can be a high-risk business for even the biggest automotive companies.

Reuters | March 3, 2023 | 7:57 am

First Quantum losing $8 million a day on Cobre Panama halt

The miner's local unit warned of "exponential and irreparable" damage to the company and stakeholders, including the workforce.

Cecilia Jamasmie | March 3, 2023 | 3:57 am

Vale to turn Amazon mining waste into high-grade iron ore

The company has started extracting scrap that had been dumped at a tailings dam at Carajas in northern Brazil since 1985.

Bloomberg News | March 2, 2023 | 2:14 pm

Nippon Steel could buy more stakes in coking coal and iron ore mines

Japan's top steelmaker said it will spend around C$1.5 billion to buy a 10% stake in Elk Valley Resources.

Reuters | March 2, 2023 | 9:54 am

CATL sells $405 million stake in Pilbara Minerals

CATL bought its 4.9% holding in the depths of the 2019 lithium downturn.

Reuters | March 2, 2023 | 9:45 am

Mining dealmakers set for year of hot M&A after monster gold bid

Mergers and acquisitions will be top of mind at PDAC this year.

Bloomberg News | March 2, 2023 | 8:07 am

India writes to markets regulator opposing Hindustan Zinc-Vedanta deal

Hindustan Zinc stocks have fallen since the proposal to buy two Vendata subsidiaries.

Reuters | March 2, 2023 | 7:54 am

Tesla lobbying to secure lithium from Chile — report

Tesla executives held talks with the ministers of foreign affairs and mining, as well as with the leader of the development agency Corfo.

Cecilia Jamasmie | March 2, 2023 | 6:53 am

SQM to spend $3.4 billion by 2025 as profit tripled

The world’s second-largest lithium miner's net income hit $3.9 billion in 2022, compared $585.5 million the previous year.

Cecilia Jamasmie | March 2, 2023 | 3:44 am

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