Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.
Europe Mining News
Lead price boost as deficits set to widen
New report says despite a slowdown in China, falling mine production will push lead prices higher over the next five years.
Veolia’s HPD® PIC™ Crystallizer Technology chosen by EuroChem to produce potassium chloride
EuroChem Group AG, a leading global fertilizer company headquartered in Zug, Switzerland, has selected Veolia Water Technologies’ proven HPD® crystallization technology for its VolgaKaliy Mine Expansion project in Russia’s Volgograd region.
BHP Billiton to escalate defence from Elliott with Goldman’s help
Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.
The 20 largest stock exchanges in the world
With 2,400 listed companies and a market cap of $20 trillion, the NYSE is the biggest exchange in the world. But how do other exchanges compare?
Bacanora Minerals soars on deal to supply lithium to Japan’s Hanwa
Transaction will see the Tokyo-based trader acquiring up to 100% of the output coming from Bacanora's Sonora lithium project in Mexico.
Australia ready to begin exporting uranium to India — Prime Minister
Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.
BHP rejects activist fund Elliott urge to spin off US oil assets
Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.
Coking coal price close to $300 a tonne on Australian disruptions
Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.
INFOGRAPHIC: Animation – The world's population in 2100 by region
The following animated chart is based on data and projections from the U.N. Population Division, and it shows the evolving population share by region between 1950 and 2100.
Diamond giant Alrosa offices raided – report
Russia's Federal Security Service is investigating the world's top diamond producer in relation to assets sales dating back years.
‘Conflict minerals’ entering tech supply chains from countries beyond Africa — report
Tungsten, tin, tantalum and gold are now also being illegally extracted and traded at sites under the control of armed groups in countries including Myanmar and Colombia.
Gold finds strong support from negative real rates
In case you haven’t already noticed, inflation has been steadily creeping up since July. In February, the most recent month of available data, consumer prices advanced at their fastest pace in five years, hitting 2.7 percent year-over-year.
Could Chad become the new African gold frontier?
A UK listed junior exploration company is hoping to switch Chad’s historic focus from black gold to the more traditional metallic variety with ‘potentially nation-building’ projects.
Alrosa fetches almost $13 million at auction in Vladivostok
Alrosa, the world’s largest diamond miner by output in carats, has held an auction to sell industrial grade and gem quality natural rough diamonds in the Eurasian Diamond Centre.
Pink Star diamond breaks world record at $71.2 million
The stunning 59.6-carat diamond smashed the $60 million pre-sale estimate set by Sotheby's at Tuesday's auction in Hong Kong.
Diamond market regaining sparkle — DeBeers sales up again
The world’s No.1 diamond miner by value, reported a 4.9% rise in sales during the third cycle of the year, on the back of a global recovery in prices and demand.
Jim Rogers is bullish on Russia, and I know why
Tom Beck, editor of Portfolio Wealth Global, says if he's learned one thing in the markets, it is that Jim Rogers never misses a big long-term investment thesis, and that Rogers has basically told investors to "forget China, buy Russia."
EU toughens up rules on imports of conflict minerals
The new law, which will come into force in 2021, requires importers to ensure their business do not contribute to armed conflicts.
Cyclone Debbie disrupts $3.2bn of Australian coal exports
Damage to rail lines in cyclone-hit Queensland have disrupted the shipment of between 15 million and 20 million tonnes of coking coal destined to Asia.
Europe's last tin mine big step closer to restart
Successful water treatment trials could see final permits to restart Cornwall mine issued before the end of the summer says Vancouver junior Strongbow.
Sandvik OptiMine® visualizes the mining process
Sandvik continues to develop and enhance its advanced automation offerings. Transparency of the mining operation has long been a challenge. Sandvik OptiMine® allows you to compare a mine model with the actual layout of your mine and enables continuous improvement in real time.
Miners to spend $21 billion on exploration by 2025
Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.
Eldorado to begin production at its Greek Olympias mine by year-end
The Canadian miner also said it has obtained better terms for concentrate sales from the project, which are likely to add 15,000 ounces of payable gold production a year.
