The hottest trade in equity options is spreading to commodities

The partnership is structured in two phases: project generation and possible development and operation of mining projects on a 50:50 basis.

For Mark Bristow, BHP's approach to Anglo reinforces the necessity for industry investment in its future.

A 2021 pre-feasibility study gave the project a 10-year mine life, averaging 108,500 oz. of gold equivalent output per year.

Group revenue for the first half of the year fell 6% to 8.25 billion euros, roughly in line with expectations.

The current permits are set to expire on May 31.

The updated mineral reserves and resources confirm the long production history of both assets, Sierra's CEO said.

BHP’s proposal includes a plan for Anglo to spin off its Johannesburg-listed platinum and iron ore units before an eventual takeover.

Hindustan Zinc said it plans to pay 42.25 billion rupees in interim dividends, potentially aiding parent Vedanta Resources' deleveraging plans.

Goldman raised its year-end price target to $12,000 a ton, from $10,000 previously.