Iron ore miners face pay rise bid from Australian worker unions Unions representing tens of thousands of workers in Australia’s major iron ore hub are preparing to negotiate potential wage rises. Bloomberg News | August 12, 2024 | 7:17 am
China drives African lithium surge to lock in key battery metal The continent is projected to account for almost 11% of global supply this year. Bloomberg News | August 12, 2024 | 7:10 am
BHP, Rio Tinto, Qantas to invest $53m in Australian carbon credit fund The fund aims to raise $165m to invest in land reforestation projects. Reuters | August 12, 2024 | 7:00 am
Barrick Gold reports Q2 profit beat on higher output, prices The company also benefited from higher production at its mines in Nevada and Papua New Guinea. Reuters | August 12, 2024 | 6:55 am
Lucara sales offer glimmer of hope to struggling diamond sector Lucara's Karowe mine in Botswana generated $41.3 million in revenue, a 7% increase from the same period last year. Staff Writer | August 12, 2024 | 6:34 am
Surge in M&As compels dealmakers to harness tools for compliance Concerns around the supply and demand of critical metals and other challenges can make mining M&A deals riskier and harder to complete. Mark Williams - Datasite | August 12, 2024 | 4:32 am
Gold Fields buys Osisko in $1.6 billion cash deal The takeover grants the South African gold miner full ownership of the Windfall project in Canada, diversifying its portfolio. Cecilia Jamasmie | August 12, 2024 | 3:56 am
Zambia closes border with Congo, blocking key copper trade route The move follows protests in Congo that flared after the government of that country banned certain beverage imports from Zambia. Bloomberg News | August 11, 2024 | 12:59 pm
Glencore crude trader leaves firm after seven years Over roughly the last 12 months, Glencore’s head of crude trading in the US and at least two other traders have departed. Bloomberg News | August 11, 2024 | 12:51 pm
