Rio Tinto and Glencore spoke for months about deal that was once taboo The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says. Bloomberg News | January 17, 2025 | 2:40 pm
Gunnison Copper, Rio’s Nuton get $13.9m tax credit to expand production in Arizona The Johnson Camp mine is under construction, with first copper production expected in mid-2025. Staff Writer | January 17, 2025 | 2:11 pm
O3 Mining investor knocks Agnico offer Agnico, the second-largest gold miner by stock market value, agreed to acquire O3 last month for about C$204 million. Frédéric Tomesco - The Northern Miner | January 17, 2025 | 12:53 pm
First Quantum cuts guidance on Zambia sequencing The Toronto-headquartered company now expects production of 380,000–440,000 tonnes copper this year, down from earlier estimates of 400,000–450,000 tonnes. Henry Lazenby - The Northern Miner | January 17, 2025 | 11:28 am
Biden boosts loan for ioneer’s Nevada lithium mine to nearly $1 billion The loan is nearly 50% larger than a conditional funding commitment made two years ago, and cannot be reversed by incoming President Donald Trump. Reuters | January 17, 2025 | 11:25 am
Anglo American targets deal for Brazil nickel mines in H1 2025 The Barro Alto and Niquelandia mines have attracted interest of bidders from “different nationalities and backgrounds,” says its CEO in Brazil. Bloomberg News | January 17, 2025 | 11:03 am
CME precious metals stocks soar on Trump tariff threat Gold stocks in COMEX-approved warehouses have jumped by one-third in the past six weeks. Reuters | January 17, 2025 | 10:53 am
Kazakhstan to sell gold abroad in bid to prop up tenge Kazakhstan has produced about 65 tons of gold a year, according to the central bank. Bloomberg News | January 17, 2025 | 10:28 am
Zambia looks to UAE and Saudi Arabia to back copper expansion The African nation aims to increase copper output to a record above 1 million tons this year. Bloomberg News | January 17, 2025 | 10:17 am
