Rio Tinto overhaul cuts to three units, axes execs, reviews mines
Rio Tinto’s new boss Simon Trott is merging divisions, reviewing mineral assets and signalling more tough choices ahead.
Cecilia Jamasmie , Editor-in-Chief
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Gemfields’ massive 11,685-carat ‘buffalo’ emerald set for auction
The gemstone is the largest of several emeralds unearthed at Kagem, already famed for record-breaking finds.
US adds copper, potash, silicon in critical minerals list shake-up
Silver was added to hedge against a low-probability, high-impact disruption in Mexico, with the final list to be published in about a month.
Pan American locks in $2.1B takeover of MAG Silver
Deal hands Pan American a 44% interest in the high-grade Juanicipio silver mine in Mexico, operated by Fresnillo.
Gold Fields nears $2.4B Gold Road takeover ahead of vote
Gold Fields would gain full ownership of the Gruyere mine in Western Australia, where it currently holds a 50% stake.
Dubai investor offers $10M lifeline to Lucapa Diamond
The deal ensures creditors are fully paid, while shareholders get up to 1.8 AUD cents per share, up from 1.4 cents.
Ganfeng, Lithium Argentina merge Salta projects in $1.8B deal
The partners aim to produce up to 150,000 tonnes per year of lithium carbonate equivalent in three phases of 50,000 tonnes each.
Antofagasta posts biggest profit margins since 2021
The Chilean miner attributed the gains to an 11% increase in copper output, lower cash costs, and higher prices for copper and gold.
BHP shelved ‘urgent’ Pilbara climate plans: reports
Leaked documents reveal delays in climate projects in Western Australia despite internal warnings about reputational risks.