Trafigura’s 2023 net profit hits record $7.4 billion

The Geneva-based private company made the bulk of its profit in the first half of the year.

Reuters | December 8, 2023 | 6:38 am

Arras Minerals joins forces with Teck to explore critical minerals in Kazakhstan

Teck made its first investment into Arras last November by…

Staff Writer | December 7, 2023 | 9:35 am

Anglo American preps sweeping cost cuts as price rout bites

A rapid and precipitous plunge in palladium and rhodium has…

Reuters | December 7, 2023 | 8:43 am

Ivanhoe Mines quadruples exploration budget for 2024

The primary focus of exploration activities will be on the…

Staff Writer | December 7, 2023 | 8:20 am

China’s CMOC says geopolitics helped drive Australia sale

CMOC agreed earlier this week to sell its 80% stake…

Bloomberg News | December 7, 2023 | 7:00 am

Anglo seeks to invest in start-ups to cut steel CO2 emissions

Anglo, which produced 59.3 million tonnes of iron ore last year, aims to halve its Scope 3 indirect emissions by 2040.

Reuters | February 28, 2023 | 2:18 pm

Alamos Gold acquires Manitou and its Goudreau property in Ontario

The total transaction value of approximately C$17.2 million.

Staff Writer | February 28, 2023 | 11:04 am

Carmaker investment gives McEwen Copper more time to go public

In terms of the size of the copper unit’s IPO, McEwen said it will be determined by capital needs.

Bloomberg News | February 28, 2023 | 10:19 am

Agnico Eagle reinvests in Rupert Resources and its Ikkari gold project

The investment is part of Rupert’s non-brokered private placement for gross proceeds of about $35 million.

Staff Writer | February 28, 2023 | 10:19 am

Glencore ordered to pay $700 million by US judge in bribery case

The penalty is part of the $1.5 billion Glencore agreed to pay to resolve bribery and market-manipulation probes in the US, UK and Brazil.

Bloomberg News | February 28, 2023 | 9:30 am

Quest for world’s biggest diamonds gives De Beers a headache

To the southeast of the teeming herds of wildlife in the Okavango Delta in Botswana, an offshoot of the Lundin mining dynasty is extending its search for the world’s biggest diamonds.

Bloomberg News | February 28, 2023 | 8:04 am

Sibanye Stillwater reports 49% fall in annual profit

A lengthy strike at its South African gold mines and flooding at its US platinum operations impacted production.

Reuters | February 28, 2023 | 7:46 am

Trafigura lines up Russia aluminum deal in challenge to Glencore

Trafigura Group is in talks to buy aluminum from United Co. Rusal International.

Bloomberg News | February 27, 2023 | 11:42 am

A $1.5 billion hoard of copper and cobalt is piling up in Congo

By now, there are about 120,000 tons of copper and around 12,500 tons of cobalt stuck waiting to leave the country.

Bloomberg News | February 27, 2023 | 7:37 am

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