MINING.COM

Adaro eyes $291 million from unit IPO to spin off coal arm

Adaro is spinning off the coal mining unit valued at $2.45 billion to focus on developing cleaner energy, with an aluminum smelter being built in Kalimantan.

Bloomberg News | November 12, 2024 | 8:44 am

PT Vale and China’s GEM partner for $1.4 billion Indonesian nickel plant

The plant will process nickel laterite ore from the Vale unit into 66,000 tons of mixed hydroxide precipitate annually.

Staff Writer | November 12, 2024 | 8:19 am

Hindalco beats Q2 profit view on higher aluminum prices

The benchmark aluminum and copper prices on the LME rose 20% and 24%, respectively, from the second quarter of last year.

Reuters | November 11, 2024 | 9:18 am

China, Indonesia seal $10 billion in deals focused on green energy and tech

The countries agreed to enhance collaboration in sectors such as new energy vehicles, lithium batteries, photovoltaics and the digital economy.

Reuters | November 10, 2024 | 10:55 am

US judge narrows investor lawsuit against Rio Tinto over Mongolian mine

Rio Tinto and its former CEO are accused of defrauding investors by concealing problems developing the $5.3 billion Oyu Tolgoi mine.

Reuters | November 10, 2024 | 9:38 am

Barrick falls behind rivals as No. 2 miner misses boost from bullion boom

Missed production targets, higher operational costs and political turbulence at mines in Africa and Asia have investors turning increasingly sour on the world’s second-biggest gold producer.

Bloomberg News | November 9, 2024 | 4:00 pm

Japan, Peru to agree on cooperation in mineral mining technology

The two governments aim to create stable supply chains in Peru for critical minerals such as copper and zinc through technology provided by Japanese companies.

Reuters | November 9, 2024 | 9:53 am