Minmetals Mining News

China's Minmetals to buy 2.04m tonnes iron ore from Rio Tinto in 2019

Minmetals will purchase Pilbara Blend lump ore that will delivered through 12 cargoes and priced at around $144.94 million.

MMG confirms negotiations with Glencore over Las Bambas; no guarantee of agreement

This is the first statement in which MMG has confirmed its intention to buy Las Bambas.

MMG in halt on possible deal with Glencore Xstrata over Las Bambas

Las Bambas copper mine, located in Peru, is expected to fetch between $5 and $6 billion.

Glencore could agree sale of copper mine to Minmetals this week

Peruvian copper mine Las Bambas expected to fetch $5-6 billion.

Glencore Xstrata logs $7.4bn net loss, eyes oil deal with Russia

Despite the gloomy results, the commodities giant revenues for the year jumped 9% to $232.6 billion

Las Bambas down to one major bidder, investors uneasy

Analysts question the remaining bidder's ability to finance the project.

Another bidder walks away from Rio's Canada iron ore

China's Minmetals finds IOC too pricey at $3.5 billion according to a new report.

Las Bambas bidding heats up

China's state-owned Minmetals enters bidding for $5.6 billion project.