China issues draft rules to allow more recycled copper, aluminum imports China has been looking to raise the usage of recycled metals as part of an efforts to lower carbon emission. Reuters | July 8, 2024 | 7:19 am
Zijin Mining expects first-half profit leap on higher gold and copper output First-half net profit could reach up to $2.13 billion, up 50% year on year, the company said. Reuters | July 8, 2024 | 7:16 am
Silvercorp acquisition of Adventus hits roadblock Silvercorp sees potential cancellation of the environmental permit for Adventus' El Domo project as an unmet condition for closing the deal. Cecilia Jamasmie | July 8, 2024 | 3:36 am
Canada puts its big miners off limits just as M&A is heating up Foreign takeovers of mining companies have been a touchy topic ever since a wave of deals 18 years ago took out some of the country’s biggest players. Bloomberg News | July 6, 2024 | 7:55 pm
Canada’s move to protect mining sector shields takeover targets Teck Resources spent much of last year fending off Glencore’s $23 billion takeover attempt before the Swiss company opted instead to just buy the company’s steelmaking coal business. Bloomberg News | July 5, 2024 | 4:00 pm
Vedanta says it has arranged $250 million to settle Zambian copper mine debts Vedanta will still need to raise an additional $1 billion revive the mining operations at KCM. Reuters | July 5, 2024 | 10:19 am
Panic short-covering ignites Comex copper as shipments fail to arrive August futures on Comex on Friday climbed to a five-week high of $4.6965 a pound or $10,354 a metric ton. Reuters | July 5, 2024 | 9:31 am
Copper price surpasses $10,000, expected to rise further, says Citigroup Longer term, the metal has a chance to reach $12,000 due to the onset of rate cuts. Staff Writer | July 5, 2024 | 8:27 am
Amman Mineral seeks up to $1.5 billion loan for mine expansion The company currently owns Indonesia's second-largest copper and gold mine. Bloomberg News | July 5, 2024 | 7:56 am
