Strong copper price reviving Peru’s mining mojo, minister says Goldman Sachs earlier in the day hiked its year-end price target to $12,000 per ton, from $10,000 previously. Reuters | May 3, 2024 | 3:41 pm
Brazil wants next Vale CEO to be closer to government The government wants the next CEO to have ties with states, municipalities and regulators. Bloomberg News | May 3, 2024 | 3:33 pm
Kazatomprom uranium sales lag behind production Output came to 7.2 million lb. uranium oxide on an attributable basis, up from 6.4 million lb. last year. Blair McBride | May 3, 2024 | 12:05 pm
Congo’s $7 billion infrastructure deal with China will depend on copper prices President pushed for a review of the 2008 infrastructure for minerals deal with Sinohydro Corp and China Railway Group to bring more benefits for Congo, the world's biggest cobalt producer. Reuters | May 3, 2024 | 12:00 pm
Kal Tire and Pitcrew AI forge worldwide strategic alliance The signed MOU solidifies the existing collaboration between the two organizations and designates Kal Tire’s Mining Tire Group. Kal Tire | May 3, 2024 | 10:56 am
Brazil rejects Vale, BHP settlement offer for Mariana disaster Miners had earlier this week presented authorities with an offer to pay $25 billion as reparations for the dam collapse. Bruno Venditti | May 3, 2024 | 9:19 am
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama Rio Tinto and Glencore Plc are focused on waiting for opportunities to snap up specific parts of Anglo’s business as BHP’s bid unfolds. Bloomberg News | May 3, 2024 | 8:27 am
Harmony Gold reports one fatality at Johannesburg mine The miner reported that one of its employees had died at its Doornkop mine. Reuters | May 3, 2024 | 8:21 am
Goldman Sachs settles 2014 class action lawsuit tied to metal trades The bank allegedly violated antitrust laws by conspiring to manipulate a benchmark for physical platinum and palladium prices. Reuters | May 3, 2024 | 8:02 am
