South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.
Australia Mining News
If there is a trend at play here, it’s that diversified miners are the ones most likely to exit coal.
The proposed acquisition also includes an offer for Rio’s 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminum fluoride plant in Sweden.
CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices.
Newcrest to invest $250 million to take stake in Lundin Gold.
Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine.
The CEO of Mandalay dubbed 2017 as a challenging year for his company.
This year’s Corruption Perceptions Index highlights that the majority of countries are making little or no progress in ending corruption.
Macquarie said it had been threatened with a class action lawsuit over the allegations, but no case had yet been filed.
Rio Tinto, the second biggest miner by market capitalisation, has listings in London and Australia, a headquarters in London and an Australian office.
Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.
That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.
China Hanking, already owns 8.4 percent of Primary Gold, a company with interests in the Coolgardie gold project in Western Australia and the Mt Bundy gold project in the Northern Territory.
The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.
Fortescue Metals was hit by weak prices for its lower quality iron ore, and said it remains focused on cutting costs, including lining up cheaper debt.
BHP’s first-half results missed analysts’ expectations and the shares fell 4.6 percent, on pace for the biggest daily drop since April.
Asia’s No.1 carmaker has developed a magnet that reduces dependence on neodymium, a key rare earth metal used in the world’s most powerful batteries for electric vehicles.
The New-York based fund argues an overhaul could add more than $22 billion in value for shareholders and wants BHP to conduct an independent study.
Australian Mines said the agreement included an option for SK Innovation to buy up to 19.9% of its ordinary shares.
New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."
8,126 grams per meter!
Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.
Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.
Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.
On Thursday, Newcrest reported a 58% fall in half-year underlying profit, due to disruptions such as an earthquake hitting one of its key sites in 2017.