Putin signs decree allowing transactions with Russneft shares Glencore previously owned around 24% of Russneft's share capital. Reuters | February 3, 2024 | 12:31 pm
OceanaGold files for Philippine subsidiary’s IPO The Toronto-listed miner plans to sell up to 456 million common shares or a 20% stake in OceanaGold Philippines. Reuters | February 2, 2024 | 5:13 pm
Western miners lag as oil powers enter race for Africa’s critical metals Risk aversion is likely to leave major Western miners lagging in a race to tap Africa's reserves of critical raw materials. Reuters | February 2, 2024 | 9:52 am
Zambia seeks to restructure Glencore debt with new Mopani investor Zambia is seeking to restructure a $1.5 billion debt owed by Mopani Copper Mines to Glencore. Reuters | February 2, 2024 | 8:38 am
Rusal loses suit against Rio Tinto over alumina refinery Company sought to win back access to its 20% share of the alumina produced at a jointly owned refiner in Queensland. Reuters | February 2, 2024 | 7:44 am
LME clearing house reshuffles management LME clearing house has reshuffled its management team with the appointment of a new COO, a CRO and head of clearing risk. Reuters | February 2, 2024 | 7:40 am
Grupo Mexico profit down 19% on sliding metal prices The firm produced 264,251 metric tons of copper over the quarter, down 2% from a year earlier. Reuters | February 2, 2024 | 7:32 am
Capstone Copper to sell 59.5 million shares to RBC Capital for $280m The offering is expected to close on around Feb. 8. Reuters | February 1, 2024 | 2:20 pm
Hydro to invest 180 million euros in new Spanish aluminum recycling plant The plant will produce 120,000 metric tons of low-carbon metal for Europe's energy transition plan, Hydro says. Reuters | February 1, 2024 | 9:50 am
Glencore reports lower 2023 copper, nickel, cobalt output; flags further falls Other producers including BHP have put nickel projects on ice to counter falling prices for the metal. Reuters | February 1, 2024 | 7:56 am
Vietnam rare earths output drops as China’s grows, US says The USGS revised down its estimates of US rare earths reserves to 1.8 million tons from 2.3 million previously estimated. Reuters | February 1, 2024 | 7:51 am
Brazil’s mining industry exports grew by 9.5% in 2023 – Ibram The industry group said iron ore accounted for more than 70% of total exports. Reuters | January 31, 2024 | 11:31 am
