Activist investor Elliott to target mining assets worth more than $1 billion
Elliot's new venture, called Hyperion, would have a mandate to buy across all assets, including base and precious metals.
Elliot's new venture, called Hyperion, would have a mandate to buy across all assets, including base and precious metals.
The environmental secretary of Para state suspended environmental licenses for Onça Puma and Sossego mines.
The miner also announced a pay out to shareholders of about 2.74 reais ($0.5520) per share.
The miner has announced a $1.6 billion impairment charge on its De Beers diamond business owing to faltering demand.
The move comes after China tightened export rules for graphite used for EVs in December.
Anglo American said it will review its assets after a 94% plunge in annual profit.
IGO's net profit attributable for the half year ended Dec. 31 came in at A$288.3 million.
Since SQM's initial investment of $2.57 million last year, Altilium has hit a number of key development milestones.
President Joe Biden said the US plans to unveil a “major” sanctions package against Moscow on Friday.
The miner said it expects Pilbara production costs to rise in 2024 due to persistent labor and parts inflation.