Swiss commodity supplier Glencore International obtained approval from the Canadian federal government on Sunday for its application to buy up Canadian agribusiness titan Viterra Inc., bringing the $6.1 billion deal that much closer to completion.
Sunday Times reports (paywall) that BHP Billiton, which is shedding its non-core operations, is looking for a buyer for its Mount Nimba iron ore project in Guinea.
China plans to diversify iron ore imports and increase the ratio from independent miners to 50%, according to comments made Wang Xiaoqi, vice-chairman of the China Iron and Steel Association.
BHP Billiton (NYSE:BHP), the world's largest diversified miner, is considering a withdrawal from aluminum and nickel operations as part of a general retreat from non-profitable sides projects by key mining players, and the company has appointed advisors to look into the possible sale of these assets.
The largest pink diamond ever discovered, an 8.01 carat sparkler found earlier this year at Rio Tinto’s Argyle mine, in Western Australia, went on permanent display in a Melbourne museum Thursday morning.
Rio Tinto's long-standing Chief Financial Officer, Guy Elliott, will retire at the end of 2013 announced the miner on Thursday, along with a few other senior management changes.
Mining giants Rio Tinto and BHP Billiton came up tops in the 2012 report by an anti-corruption group which analyzed the 105 largest publicly listed companies across the world.
Giant miner Xstrata has set Sep. 7 as the day for its shareholders to vote on the $26 billion takeover by Glencore, giving the commodities trader six weeks to reach an agreement on the conditions.