Cash-hungry Canadian miners test grey area of anti-China M&A rules

Ottawa cracked down on mining deals involving foreign state-owned entities in 2022 in a move widely seen as targeting China’s influence in the global critical minerals supply chain.

Bloomberg News | July 25, 2024 | 3:10 pm

Copper price sinks below $9,000 threshold as metals selloff deepens

The industrial metal is down by about a fifth since reaching a record in mid-May.

Bloomberg News | July 25, 2024 | 6:41 am

Toronto sees ‘win’ in first new foreign miner listing since 2022

Paladin Energy’s arrival in Canada marks the first time since 2022 that a large foreign miner will list its shares on the TSX.

Bloomberg News | July 24, 2024 | 7:32 am

Vedanta seeks partners to develop Zambia mines it’s regaining

The company seeks partners to carry out exploration, development and production at the Konkola Copper Mines assets.

Bloomberg News | July 24, 2024 | 7:23 am

South Africa mines lobby urges caution on minerals export tax

A more than six-fold increase in electricity prices since 2008 and erratic power supply have negatively affected local processing.

Bloomberg News | July 24, 2024 | 7:19 am

First Quantum launches standstill deal with Chinese shareholder

Jiangxi has also agreed that it will not dispose of its shares under a block deal.

Bloomberg News | July 23, 2024 | 2:50 pm

Kumba Iron Ore sees new South Africa government open to rail reform

The Anglo subsidiary was already working with the previous administration on ways to improve the crucial infrastructure.

Bloomberg News | July 23, 2024 | 9:01 am

Botswana touts 24% stake in new mining companies for citizens

Under current legislation, the government is entitled to offer to buy as much as 15% equity in any new mining entity.

Bloomberg News | July 23, 2024 | 8:57 am

Iron ore price buckles below $100 as China’s Plenum fails to inspire

The steelmaking material slid as much as 3.5% to touch $99.85 in Singapore, with futures on track for a third day of losses.

Bloomberg News | July 23, 2024 | 7:59 am

US says billionaire Gertler’s royalties must go to Congo for sanctions deal

A senior White House adviser said lifting that punishment is necessary to open up the assets to new investments that support US interests.

Bloomberg News | July 22, 2024 | 12:14 pm

Anglo American shrinks trading unit as part of major restructuring

The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.

Bloomberg News | July 22, 2024 | 10:37 am

Gold price slips as traders absorb Biden withdrawal from US election

Spot bullion traded just under $2,400 an ounce, erasing earlier gains.

Bloomberg News | July 22, 2024 | 10:30 am

• First
• 28
• 29
• 30
• 31
• 32
• 33
• 34
• Last