MINING.COM

Barrick to invest $2 billion in Zambia copper mine expansion

Zambia to start trading its own copper, competing with Glencore

The government will directly buy and sell a portion of the copper produced in the nation, competing with trading giants including Mercuria Energy Group and Glencore.

Bloomberg News | February 5, 2024 | 7:01 am

Firefighters working in Valparaiso, Chile on February 4, 2024.

Chile battles forest fires in deadliest disaster in 14 years

Anglo American said copper transport from Los Bronces mines has been unaffected.

Bloomberg News | February 4, 2024 | 11:19 am

Abandoned Kaula-Kotselvaara Nickel Mine in Russia

From green hype to bailouts, the nickel industry has imploded

The nickel market has been thrown into chaos after a flood of new supplies from Indonesia — the result of huge Chinese investment and major technological breakthroughs.

Bloomberg News | February 3, 2024 | 4:20 pm

Employees working at the US Steel Gary Works pig iron caster in Indiana

American steel buyers hail Nippon deal that scares Washington

The steel industry is wondering why politicians in Washington are eager to cast doubt on the $14.1 billion deal.

Bloomberg News | February 3, 2024 | 12:56 pm

Vale’s board advised to consider outside candidates in search for next CEO

The recommendation was part of a report submitted Friday to Vale’s board, which has been weighing whether to renew Bartolomeo’s term as CEO or start a worldwide recruitment process.

Bloomberg News | February 2, 2024 | 4:02 pm

First Quantum bonds rally as miner works to free up cash

The most liquid notes due in 2031 climbed $0.15 to $0.94 since hitting a low in November.

Bloomberg News | February 2, 2024 | 9:37 am

Electric smart cars owned by Stuttgarter Straßenbahnen (SSB) at the WAVE electric cars parade in Stuttgart, Germany

Germany invests $1.1bn to counter China on raw materials

The state fund will focus on cobalt, copper, lithium, silicon, rare earths projects, including in extraction, processing and recycling.

Bloomberg News | February 2, 2024 | 5:13 am

World’s largest uranium miner Kazatomprom ups 2024 production goals

Uranium stocks extend surge after Kazakh miner cuts output

Kazatomprom lowered its guidance for production for this year by 12% to 14%.

Bloomberg News | February 1, 2024 | 5:47 pm

Fortescue CFO leaves three days after CEO's departure

Fifth Fortescue executive quits as management exodus deepens

News comes just days after Deborah Caudle, the chief financial officer of the miner’s energy arm, said she had left the firm created by billionaire Andrew Forrest.

Bloomberg News | February 1, 2024 | 4:54 pm