MMG plans to raise $1.16bn to repay debt, fund mine developmentThe Chinese miner is raising funds to support the ongoing development of its operating mines.Reuters | June 3, 2024 | 4:46 pm
Rio Tinto marks 70th year of operations at British Columbia’s only aluminum smelterRio hosted a celebration on June 1 at the Kitimat…Staff Writer | June 3, 2024 | 4:22 pm
China to build $1.5 billion copper smelter in KazakhstanCopper smelter is projected to have an annual production capacity…Staff Writer | June 3, 2024 | 11:11 am
Barrick Gold beats estimates for quarterly profit, enters JV in Jamaica Barrick's gold production fell to 940,000 ounces in the quarter, but average realized gold prices rose to $2,075. Reuters | May 1, 2024 | 5:35 am
Vale concludes sale of 10% of base metals unit to Manara Minerals Manara is a joint venture between Ma'aden and Saudi Arabia's Public Investment Fund. Reuters | April 30, 2024 | 3:36 pm
Cameco shares down on ‘disappointing’ first quarter loss The uranium major’s adjusted net earnings fell 51% to $56 million, a sharp contrast with the $115 million from the same quarter last year. Blair McBride | April 30, 2024 | 2:20 pm
Caterpillar, Vale testing electric and ethanol-powered trucks Among mine equipment, the haul truck is the biggest consumer of diesel and therefore the biggest contributor to emissions. Staff Writer | April 30, 2024 | 11:02 am
Data centers will likely provide boost to nuclear energy, says Cameco CEO Overall, power use from the thousands of giant computing warehouses that comprise data centers is expected to triple globally this year. Reuters | April 30, 2024 | 10:33 am
Anglo under pressure to reveal plans to fend off BHP as Elliott hikes stake UBS, the adviser for BHP, has begun scheduling meetings with fund managers this week to fine-tune a revised proposal for Anglo. Reuters | April 30, 2024 | 8:20 am
As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets BHP Group can't cherry-pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters. Reuters | April 30, 2024 | 8:03 am
Barrick’s Mali mine feeds Russian war machine, advocacy group says The operator of the Loulo-Gounkoto gold complex increased tax, royalty and dividend payments to the Malian government by almost half to $380.7 million last year. Colin McClelland | April 30, 2024 | 7:59 am
China lithium pioneer hands reins to daughter after loss Tianqi Lithium founder Jiang Weiping has resigned as chairman after the battery material producer reported its biggest ever quarterly loss. Bloomberg News | April 30, 2024 | 7:43 am