Smaller miners’ hunger for cash grows as copper prices fall, sparking M&A betsCopper M&A more than doubled in 2022 to $14.24 billion from the previous year, according to an S&P Intelligence report.Reuters | July 24, 2023 | 3:19 am
CHARTS: Value of world’s 50 biggest mining companies slump $356bn from post-pandemic peak MINING.COM’s ranking of world’s biggest miners welcomes the first Indonesian…Frik Els | July 21, 2023 | 2:35 pm
Glencore expects 2023 trading unit profits of up to $4 billionThe group left its overall 2023 guidance for copper unchanged…Reuters | July 21, 2023 | 7:33 am
Mitsubishi expands copper trading business as Peru mine ramps up Mitsubishi has hired Branko Buhavac, formerly at Trafigura Group, as head trader for base metals in Europe. Bloomberg News | March 29, 2022 | 9:51 am
Rio Tinto defends Turquoise offer, says will ‘deliver value for all stakeholders’ The mining giant is facing rising pressure from Turquoise minority shareholders to boost the offer. Reuters | March 29, 2022 | 9:30 am
Simandou iron ore mine developers risk penalties if timeline missed, Guinea says Guinea's mines minister has said the railway and port infrastructure must be completed by 2024, and commercial production must start by 2025. Reuters | March 29, 2022 | 8:44 am
Sumitomo Metal sees global nickel demand for battery use at 410,000t in 2022 Global demand for nickel used in batteries is expected to rise more than 20% this year. Reuters | March 29, 2022 | 8:36 am
BHP eyes $10 billion Chilean investments, but only with ‘legal certainty’ Marcela Hernando Pérez, the new Chilean mining minister, said that Santiago does not plan to nationalize the country's mining sector. Reuters | March 29, 2022 | 8:22 am
Britishvolt and Bakrie’s VKTR team up for sustainable EV battery nickel The deal comes at a time of surging raw materials prices, exacerbated by the invasion of Ukraine by Russia. Reuters | March 28, 2022 | 4:14 pm
Anglo looks to the sea as water scarcity hits Chile copper mines The proposal is to build a plant on the coast of the Valparaiso region that would produce drinking water for residents in exchange for access to waste water that could be used at mines. Bloomberg News | March 28, 2022 | 2:57 pm
Miners gather in copper capital facing ‘another world’ of tumult The last time the copper industry gathered in Santiago, prices were below $3/lb amid concerns over a slowdown in Chinese demand. Bloomberg News | March 28, 2022 | 1:17 pm
Rusal can’t access alumina from Australia JV as pressure builds Rusal owns a 20% stake in Queensland Alumina, which is operated by Rio Tinto. Bloomberg News | March 28, 2022 | 9:51 am