NextView Capital agreed to acquire a 19.89% equity interest in Bacanora via placement of 32,976,635 common shares in the Company at 94.53 $1.26 per share.
Europe Mining News
Coal miners at ArcelorMittal's Kazakh unit ended their sit-in and emerged from the mines after offers of a pay rise and the threat of legal action.
Under the new deal, Inalum will seek to acquire London-based Rio Tinto Group’s joint venture interest in Grasberg by March.
John Reade, Chief Market Strategist at the World Gold Council, explains several reasons to believe that gold could maintain an upward trajectory.
Blockchain upending world’s financial markets with rise of bitcoin, and now the digital-ledger system is poised to do the same next year for raw materials.
Glencore can't take full credit for bull surge of last 2 years but its curtailments acted as powerful accelerator to structural shift toward supply deficit.
There are no talks between Kloeckner & Co and Thyssenkrupp over a tie-up with Material Services division or about any offers, said Kloeckner & Co spokesman.
The Dunkirk plant, which the sources value at around $234.44 million, would add to the Gupta Family Group (GFG) conglomerate.
By a 7-2 vote, the Fed on Wednesday raised the benchmark lending rate by a quarter percentage point, its third hike this year.
Jonathan Roth’s short film takes viewers on a tour of some of the world’s key power hubs in the cryptocurrency industry.
Uniquely among its peers, Glencore derives a substantial slice of its earnings from trading commodities, rather than producing them.
Aurubis plans to make use of its expertise to expand processing of complex copper concentrates (ores) and scrap, CEO Juergen Schachler said.
The institution will stop all lending for oil and gas projects after 2019, with some exceptions.
AXA and three other French investment groups follow the World Bank's lead.
A sit-in by miners of ArcelorMittal's Kazakh unit widened to all of the firm's coal mines on Tuesday as hundreds of workers demanded a 100 percent wage rise.
Glencore said on Tuesday it expected zinc output to fall slightly in 2018 to around 1.09 million tonnes versus 1.1 million tonnes this year.
The company also confirmed its 2018 dividend policy would include a fixed dividend of $1bn and said it would reactivate idled capacity "when appropriate".
The election for a seven-year term of Armin Laschet comes as ThyssenKrupp seeks to diversify away from its traditional focus on steel.
About 200 coal miners in Kazakhstan refused to leave four mines operated by a unit of ArcelorMittal at the end of their shift on Monday and staged a sit-in.
These new labor agreements with workers at 13 of its coal mines in Australia end months of negotiations over wages and benefits.
Vedanta Resources said Thursday its Zambian subsidiary KCM plans to set up new copper smelter, cobalt refinery and more under a $1 bln investment programme.
Last week, OPEC decided to extend its production cuts through end of 2018. The target is now to bring global oil inventories back down to the 5 year average.
Forget gold, the crazy cobalt price or lithium frenzy; this junior mining company is upending the sapphire (yes sapphire) market.
The London Metal Exchange unlikely to provide clearing services for proposed new trading platform NFEx, a significant obstacle to the new exchange.
Research also charts rapid growth of China’s copper use.