Implats weighs 3,900 job cuts in South Africa as price rout takes toll
Job losses are hot-button issues in the lead-up to the May 29 election.
Job losses are hot-button issues in the lead-up to the May 29 election.
Antofagasta, which operates copper mines in Chile, last tapped global debt markets in 2022 when it sold $500 million in 10-year bonds.
The company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP is moving in.
The deal worth about $39 billion would involve Anglo exiting its platinum and iron ore assets in the country.
China is the biggest billion consumer and its buying trends can have bearing on global prices.
Apple previously pledged to source “responsibly” and work to improve working conditions among mining communities, including in Congo.
The collapse of the dam, which belonged to Samarco, a joint venture of Vale and BHP, caused a giant mudslide that killed 19 people.
Though still in its infancy, EV recycling is already profitable and capable of recovering more than 95% of the key minerals.
Panama goes to polls in May this year.
Vitol, Gunvor and Mercuria Energy are among the traders building out their metals teams, as they look to deploy capital generated by record profits.