October 27, 2022

Teck exits oilsands with C$1bn sale of Fort Hills stake to Suncor

The all-cash deal, effective Nov. 1, will boost Suncor’s aggregate share in the northern Alberta operation to more than 75%.

October 26, 2022

Inflation-hit miners are seeing early signs of cost relief

The financial chiefs of First Quantum Minerals and Lundin Mining noted a shifting trend on costs for mine supplies during their third-quarter earnings calls.

October 26, 2022

European aluminum giant calls for sanctions on Russian metal

Norsk Hydro, which operates the largest primary aluminum plant in Europe, is calling for sanctions to be imposed on Russian metals.

October 26, 2022

Copper price jumps as dollar eases

Metal price edged higher buoyed by a weaker dollar and amid hopes the pace of US interest rate hikes would slow down.

October 26, 2022

Gold price rebounds to 2-week high on Fed relief hopes

“We might see a slowing of the economy, but inflation may not come down as much as the Fed would like and yet they will be no longer able or…

October 25, 2022

Marex to offer clients access to CME base metals contracts

The tie-up comes as CME expands its metals business and the LME faces dissatisfaction from some traders after turmoil in its nickel contract in March.

October 25, 2022

Calibre Mining shares fall to a fresh low on expanded US-Nicaragua sanctions

The new US sanctions expand a previously signed Trump-era executive order to include specific potential restrictions on trade and investment involving Nicaragua, with a particular reference to the gold industry.

October 25, 2022

More near-term pain for copper companies despite strong fundamentals, analysts warn

Base metals prices have eased considerably in 2022, as demand has weakened while the dollar has strengthened.

October 25, 2022

Rio Tinto reiterates $3.3bn offer for Turquoise Hill after ISS recommends against deal

ISS on Monday had recommended Turquoise Hill shareholders to vote "against" the deal, joining the Canadian miner's second-largest shareholder Pentwater Capital Management.

October 25, 2022

Cliffs tumbles as outlook suggests more pain for steel

The second-largest US steelmaker said Tuesday that it is being hit by higher input costs and maintenance activities, which led to adjusted earnings before items of $436 million in the…