Korea Zinc wins export control ruling amid fight to thwart takeover Korea Zinc has been trying to thwart a takeover by rival zinc maker Young Poong. Reuters | November 18, 2024 | 7:09 am
Australia’s national investment fund makes first bet on mining Australia’s National Reconstruction Fund will invest $26 million to boost mining equipment manufacturing in the state of Queensland. Bloomberg News | November 18, 2024 | 7:06 am
Ionic Rare Earths unveils promising UK recycling plant feasibility Ionic Rare Earths said the study shows strong potential for a profitable and unique UK magnet recycling facility. Cecilia Jamasmie | November 18, 2024 | 6:55 am
Newmont sells Ontario gold mine to Orla for $850 million The addition of the Musselwhite mine to its portfolio more than doubles Orla Mining's gold output to 300,000 ounces per year. Cecilia Jamasmie | November 18, 2024 | 3:47 am
BHP warns Australian mining not ready for low-cost competitors The boom in demand from China’s industrialization is now “past the period of aggressive growth,” BHP’s Australia President said. Bloomberg News | November 17, 2024 | 4:44 pm
Resolute Mining to pay Mali $160 million to resolve tax dispute, free staff The company’s shares in Sydney were suspended on Thursday, after tumbling 40% since news of the detention of CEO Terry Holohan. Reuters | November 17, 2024 | 3:34 pm
Aluminum price to average 6% higher in 2024, says Fitch Group’s BMI Analysts also raised its 2024 aluminum price forecast from $2,400/tonne to $2,450/tonne to reflect these expectations. Staff Writer | November 17, 2024 | 9:43 am
Gold loses some luster after Trump’s decisive win Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote. Bloomberg News | November 17, 2024 | 9:07 am
Trump chooses oil fracking boss as energy secretary Chris Wright, the chief executive officer of Liberty Energy Inc., has no previous Washington experience. Bloomberg News | November 16, 2024 | 4:55 pm