Aluminum recycler Novelis targets up to $12.6bn valuation in US IPO Novelis, owned by Indian billionaire Kumar Mangalam Birla's Hindalco Industries, is the world's largest recycler of aluminum. Reuters | May 28, 2024 | 9:25 am
Sibanye shareholders back conversion of $500 million of bonds to shares Sibanye issued the convertible bonds in November last year, partly to fund the $156 million acquisition of a US-based recycling business. Reuters | May 28, 2024 | 9:08 am
Post-Covid, China is back in Africa and doubling down on minerals Chinese investment in Africa increased 114% last year. Reuters | May 28, 2024 | 7:17 am
Iron ore price falls to one-week low as weak fundamentals outweigh latest property stimulus Steel demand remains subdued in China despite the latest property stimulus. Reuters | May 28, 2024 | 6:00 am
Berkeley seeks $1bn in damages from Spain over uranium mine dispute The Retortillo project received preliminary approval in 2013, but Spain's Energy Ministry denied final approval in 2021 and 2023. Reuters | May 28, 2024 | 5:52 am
Vulcan rejects Mexico’s ‘illegal expropriation’ of its investments The company has been engaged in a years-long conflict with Mexico's government after officials ordered a halt to limestone quarrying at Vulcan's mining unit in 2022. Reuters | May 27, 2024 | 12:00 pm
Column: Rising stocks strike a dissonant note in tin’s bull party Tin remains the strongest year-to-date base metals performer. Reuters | May 27, 2024 | 7:46 am
Barrick’s Porgera mine operating without restriction after landslide More than 670 feared dead in Papua New Guinea landslide. Reuters | May 27, 2024 | 6:59 am
Arafura Rare Earths secures up to $300 million in finance from Canada The company already has supply agreements with Hyundai, Kia and Siemens Gamesa. Reuters | May 27, 2024 | 6:54 am
Iron ore price dips as falling China demand, high shipments weigh A seasonally slowing demand for steel products will also drag down consumption for iron ore, Sinosteel Futures said. Reuters | May 27, 2024 | 6:49 am
More than 670 feared dead in Papua New Guinea landslide, UN agency says The landslide hit a section of highway near the Porgera gold mine, operated by Barrick Gold. Reuters | May 26, 2024 | 10:53 am
BlackRock encouraged Anglo to extend talks with BHP Anglo American was encouraged by key shareholders to continue engaging in talks with BHP over its proposed $49.18 billion mining merger. Reuters | May 25, 2024 | 12:37 pm
