Global miners raked in $700B in 2024 despite rising pressures
The metals and mining industry earned record profits last year, despite a 6% revenue drop, McKinsey's 2025 report shows.
Cecilia Jamasmie , Editor-in-Chief
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Rio Tinto, Japanese partners pour $733M into Pilbara mine
The West Angelas iron ore mine extension aims to sustain Pilbara output by replacing production from aging sites.
All missing workers found dead at Freeport’s Grasberg mine
The last five miners were found Sunday, ending a weeks-long search after 800,000 tonnes of wet material hit the site.
Predictive, Robex to merge in $1.5B Guinea gold deal
The combined company aims to produce 400,000+ ounces of gold yearly by 2029, with 9.5M ounces in resources and 4.5M in reserves.
Anglo American takes Peabody to arbitration over failed $3.8B deal
Peabody withdrew a multi-billion dollar bid for Anglo American's coking coal assets after failing to agree on a lower price post mine fire.
Codelco to trial Caterpillar’s power-on-the-move truck tech
The Chilean copper giant will test an energy transfer system on three haul trucks, aiming to cut emissions 60%–70% and boost engine life.
Collahuasi permit setback jolts Chile copper sector
Anglo American and Glencore face renewed delays as Chile reopens review of a major desalination project at the copper mine.