August 14, 2023

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.”

August 14, 2023

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.

August 14, 2023

Alrosa reports strong diamond sales despite sanctions

The company reported a first-half net profit of $551 million.

August 11, 2023

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.

August 11, 2023

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.

August 11, 2023

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.

August 11, 2023

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.

August 10, 2023

South32 safety managers launch week-long strike

Due to the strike, some parts of the Appin mine have been made non-operational.

August 10, 2023

Newcrest profit falls nearly 11% on higher operating costs

Underlying profit was $778 million for the year ended June 30, compared with $872 million a year earlier.

August 10, 2023

Rio Tinto to build Canada’s largest solar plant to power Diavik mine

The facility will be equipped with bi-facial panels that can also generate energy from the light that reflects off the snow.