Serbian top court clears path for Rio Tinto’s Jadar lithium project

Chilean Cobalt will supply Glencore with 100% of the cobalt and copper production from La Cobaltera for an initial period of five years.

First-half net profit could reach up to $2.13 billion, up 50% year on year, the company said.

Newmont remains the top gold producer with 5.5 million oz. across its global operations, which span four continents.

Foreign takeovers of mining companies have been a touchy topic ever since a wave of deals 18 years ago took out some of the country’s biggest players.

Vedanta will still need to raise an additional $1 billion revive the mining operations at KCM.

The Canadian mining company said it will buy back as much as $2 billion of B class shares, and distribute roughly $182 million to shareholders.

The company has halted operations at a mill at its zinc mine in Australia for about two months of repair work.

The government is planning to approve the deal as soon as Thursday, Globe and Mail said.

The Brazilian President is expected to meet with Vale executives next week.