Rio pays premium multiple for Arcadium in biggest deal since 2007“We feel quite comfortable that we have not bought a lithium company at the top of the cycle right now. We had to pay a fair price, and that’s what we’re paying.”Frik Els and Cecilia Jamasmie | October 9, 2024 | 3:51 am
Rio Tinto buys Arcadium for $6.7 billion cashRio's offer is at the high end of expectations representing…Cecilia Jamasmie | October 8, 2024 | 11:21 pm
Vale swaps head of iron ore businessRogerio Nogueira, Vale's current director of product and business development,…Reuters | October 8, 2024 | 2:12 pm
Workers at BHP’s Escondida mine in Chile reject contract offer, union says Workers at the world's largest copper mine rejected an offer for a new collective bargaining agreement, setting the stage for a potential strike. Reuters | August 1, 2024 | 3:31 pm
MP Materials loss steeper than expected on low rare earths prices The company's largest shareholder, said he was "cautiously optimistic" that production should rebound in the third quarter. Reuters | August 1, 2024 | 2:05 pm
Glencore’s billionaire ex-oil head charged with corruption Alex Beard was charged by the UK’s top fraud agency, alongside four other ex-employees from the commodities trader. Bloomberg News | August 1, 2024 | 11:52 am
Gold Fields buys into Torq’s copper project in Chile Gold Fields would spend $48 million over six years to acquire three-quarters of the 32.5-sq.-km project. Colin McClelland - The Northern Miner | August 1, 2024 | 10:01 am
Kazatomprom raises guidance following increase in H1 output The world’s top producer boosted production 6% year-on-year in the first half of the year. Staff Writer | August 1, 2024 | 8:27 am
Diamond sales at Debswana fall 49.2% as market downturn continues In the first half of the year, Debswana sold diamonds worth $1.29 billion compared to $2.54 billion registered in the same period last year. Reuters | August 1, 2024 | 6:43 am
Tumbling lithium prices push Albemarle to fresh round of cost cuts To save costs, the company is launching a "comprehensive review of its cost and operating structure" that should be complete by October. Reuters | July 31, 2024 | 2:12 pm
Rio Tinto’s Simfer, Wabtec Sign $277 million Guinea train pact Simfer is a joint venture formed by Rio Tinto, Aluminum Corp. of China Ltd., known as Chinalco, and the Guinean government. Bloomberg News | July 31, 2024 | 12:20 pm
London lags in mining listings as rivals surge The market capitalization of LSE-listed mining stocks has shrunk to $272bn from $322bn in 2018. Staff Writer | July 31, 2024 | 11:24 am