Rio Tinto chairman warns mining deals won’t solve supply crisisRio has been quiet in the dealmaking space, instead allocating hundreds of millions into exploration with a focus on copper and lithium.Bloomberg News | September 22, 2024 | 5:52 pm
Incoming CEO of Vale to start Oct. 1In August, Vale named Gustavo Pimenta, currently chief financial officer…Reuters | September 20, 2024 | 7:58 pm
A copper M&A frenzy masks big miners’ hesitation to buildCopper’s bull narrative is well understood, but building from zero…Bloomberg News | September 19, 2024 | 4:12 pm
Canada puts its big miners off limits just as M&A is heating up 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. Bloomberg News | July 6, 2024 | 7:55 pm
Vedanta says it has arranged $250 million to settle Zambian copper mine debts Vedanta will still need to raise an additional $1 billion revive the mining operations at KCM. Reuters | July 5, 2024 | 10:19 am
Teck jumps on buyback, debt plan after coal sale to Glencore 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. Bloomberg News | July 5, 2024 | 9:26 am
MMG halts zinc concentrate output at Dugald River mine The company has halted operations at a mill at its zinc mine in Australia for about two months of repair work. Reuters | July 5, 2024 | 7:04 am
Canada approves Glencore takeover of Teck coal unit, with conditions The government is planning to approve the deal as soon as Thursday, Globe and Mail said. Reuters | July 4, 2024 | 4:32 pm
Brazil’s Lula will ‘demand’ compensation for Mariana and Brumadinho The Brazilian President is expected to meet with Vale executives next week. Staff Writer | July 4, 2024 | 9:15 am
BHP cuts employee incentives by 20% globally — report The world's largest listed miner is reportedly paying only 80% of short-term incentives offered in 2023-24, as it missed performance goals. Cecilia Jamasmie | July 4, 2024 | 5:57 am
Vale picks mining veteran Usmar to lead base metals turnaround The board of the Rio de Janeiro-based miner reportedly chose Shaun Usmar to head Vale Base Metals. Bloomberg News | July 3, 2024 | 1:06 pm
Rio Tinto, Saga Metals team up to hunt for lithium in northern Quebec Under the option agreement, Rio Tinto Exploration Canada can acquire an initial 51% interest in Legacy over a period of four years. Staff Writer | July 3, 2024 | 10:23 am