Rare earth developer Tactical Resources set for US listing with SPAC deal The combined company would have a pro forma enterprise value of $589 million. Staff Writer | August 23, 2024 | 8:26 am
World’s top cobalt producer expects supply pressures to ease Growth in global supply should gradually moderate, according to CMOC. Bloomberg News | August 23, 2024 | 7:55 am
BHP’s return to Argentina marks new hope for untapped copper mines A new incentive regime for mining in Argentina is attracting major players. Reuters | August 23, 2024 | 7:50 am
Gold Fields slumps after cutting output target for second time Gold Fields' profit slumped to $320.7 million in the first half of this year, compared with about $458 million last year. Bloomberg News | August 23, 2024 | 7:40 am
Societe Generale leaves London Metal Exchange’s open-outcry trading floor The SocGen move leaves seven members operating in the LME ring, down from about 30 at its peak in the late 1980s. Reuters | August 23, 2024 | 7:36 am
Nornickel’s first-half profit slumps 22% on weak prices The Russian miner also grappled with logistical and international payment difficulties. Reuters | August 23, 2024 | 7:32 am
Samarco expects to reach 60% of output capacity by year-end The company has been gradually resuming activities since late 2020 after the collapse of a tailings dam in Mariana. Reuters | August 23, 2024 | 7:30 am
Mining People: Awale Resources, Karnalyte Resources, IberAmerican Lithium Key moves in the mining sector. Staff Writer | August 23, 2024 | 6:44 am
Chalice downsizes board, cuts costs amid nickel prices slump Cost-cutting measures means Chalice won't meet diversity goals as the two board members dismissed were the only female directors. Cecilia Jamasmie | August 23, 2024 | 3:53 am