Rio Tinto to move towards renewable diesel at Kennecott The miner plans to replace its entire fossil diesel consumption with renewable diesel at its operation in Utah from 2024. Reuters | December 5, 2023 | 6:36 am
Evolution Mining to buy 80% stake in Northparkes Evolution agreed to buy the stake for $400 million in cash and a copper price-linked contingent consideration of up to $75 million. Reuters | December 4, 2023 | 2:42 pm
Rio Tinto approves $77 million for Rhodes Ridge project development Rhodes Ridge is one of the world’s best undeveloped iron ore deposits. Reuters | December 4, 2023 | 2:39 pm
Western start-ups seek to break China’s grip on rare earths refining The existing standard to refine these strategic minerals is an expensive and dirty process that China has spent the past 30 years mastering. Reuters | December 4, 2023 | 11:18 am
Peru’s deadly gold mine attack highlights growing security risk, costs The latest attack at Poderosa has highlighted a growing risk for miners in the Andean nation. Reuters | December 4, 2023 | 10:59 am
Gold ETF records strongest inflows in 20 months SPDR Gold Shares ETF posted net inflows of over $1 billion in November. Reuters | December 4, 2023 | 10:21 am
Nornickel raises forecasts for global nickel surplus, palladium deficit in 2023 The company expects a global nickel surplus of more than 250,000 metric tons this year, up from previous estimates of 200,000 tons. Reuters | December 4, 2023 | 10:06 am
Caterpillar invests in tech startup Nth Cycle to boost recycling The investment comes as part of a $44 million Series B round of financing. Reuters | December 4, 2023 | 9:53 am
Column: Iron ore benchmarks diverge as China tries to cool prices The only potential obstacle to higher prices is the possibility of stronger interventions by Beijing. Reuters | December 4, 2023 | 9:16 am
Chilean startup to scale-up tech to boost copper production and save water Ceibo is promising to improve copper production with less water. Reuters | December 4, 2023 | 9:08 am
Aboriginal group calls for Sandfire CEO to step down after heritage damage Sandfire said last week it had discovered damage to an artefact scatter at its Monty copper mine that had occurred over 2017 and 2018. Reuters | December 4, 2023 | 8:49 am
Long-term sustainability uncertain if Panama operations end, says First Quantum CEO The company has notified buyers it will not be able to meet agreements due to force majeure. Reuters | December 1, 2023 | 4:48 pm