Glencore overshadowed in cobalt market as Chinese rival booms China’s CMOC Group has strengthened its status as the world’s cobalt king. Bloomberg News | August 2, 2024 | 6:26 am
Westgold-Karora merger creates top five Australian gold miner Combined company has an annual output of over 400,000 ounces of gold per year and a market capitalization of about $1.63bn. Cecilia Jamasmie | August 2, 2024 | 5:48 am
BHP turns to mediation to avoid strike at Escondida The last significant strike at Escondida, in 2017, lasted 44 days, hurt BHP's production and drove global copper prices up. Cecilia Jamasmie | August 2, 2024 | 3:49 am
Workers at BHP’s Escondida mine in Chile reject contract offer, union says Workers at the world's largest copper mine rejected an offer for a new collective bargaining agreement, setting the stage for a potential strike. Reuters | August 1, 2024 | 3:31 pm
First Nation group in Yukon calls for change in Victoria Gold management The mine, located in land belonging to First Nation groups of Na-Cho Nyäk Dun (FNNND), has been under the scanner since June. Reuters | August 1, 2024 | 2:47 pm
MP Materials loss steeper than expected on low rare earths prices The company's largest shareholder, said he was "cautiously optimistic" that production should rebound in the third quarter. Reuters | August 1, 2024 | 2:05 pm
Glencore’s billionaire ex-oil head charged with corruption Alex Beard was charged by the UK’s top fraud agency, alongside four other ex-employees from the commodities trader. Bloomberg News | August 1, 2024 | 11:52 am
Global gold demand reaches Q2 record — report Total increased demand was supported by healthy OTC transactions, which were up a notable 53% year-on-year. Staff Writer | August 1, 2024 | 11:22 am
NexGen raises cost of Canadian uranium project to $1.6 billion NexGen is one of several firms racing to develop uranium projects in Saskatchewan’s uranium-rich Athabasca region. Bloomberg News | August 1, 2024 | 10:35 am
