Esmark makes $7.8 billion offer for US Steel Corp On Sunday, US Steel launched a formal review of strategic options after rebuffing a takeover offer from rival Cleveland-Cliffs. Reuters | August 14, 2023 | 12:21 pm
Mexican mining chamber calls for end to strike at Newmont gold mine Mexico's Camimex mining chamber called for authorities to help find a solution to a strike at the major Penasquito gold mine. Reuters | August 14, 2023 | 10:36 am
US Steel soars after it rejects $7.25 billion Cliffs bid Cliffs said it submitted the proposal privately on July 28 and received a rejection letter on Sunday that called the offer “unreasonable.” Bloomberg News | August 14, 2023 | 9:18 am
Deep sea miner The Metals Company stock surges on $27 million capital raise According to TMC, this registered direct offering is on significantly above-market standard terms, and is led by its largest shareholder. Staff Writer | August 14, 2023 | 9:17 am
Iron ore price falls on worries of steel output cut in China Lackluster Chinese demand and property market deterioration also added pressure. MINING.COM Staff Writer | August 14, 2023 | 8:58 am
Sigma Lithium on track to produce 270,000 tonnes Li2O by end of Q3 The Greentech plant has also made significant progress towards reaching its designed recovery rates. Staff Writer | August 14, 2023 | 8:52 am
Yellen warns of risks of over-concentration of clean energy supply chains China holds at least 60% of the world’s manufacturing capacity for most mass-manufactured technologies. Reuters | August 14, 2023 | 8:40 am
The four biggest hurdles in America’s EV transition Since the Inflation Reduction Act was signed into law one year ago this week, there’s been $59 billion in new EV investments announced in the US. Bloomberg News | August 14, 2023 | 8:17 am
Codelco turns to new CEO as debt piles up at top copper producer Codelco will name its third CEO in a year in the coming weeks as the company struggles to turn around a slump in output and earnings. Bloomberg News | August 14, 2023 | 7:53 am