January 17, 2025

Rio Tinto and Glencore spoke for months about deal that was once taboo

The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says.

January 17, 2025

Gunnison Copper, Rio’s Nuton get $13.9m tax credit to expand production in Arizona

The Johnson Camp mine is under construction, with first copper production expected in mid-2025.

January 17, 2025

O3 Mining investor knocks Agnico offer

Agnico, the second-largest gold miner by stock market value, agreed to acquire O3 last month for about C$204 million.

January 17, 2025

First Quantum cuts guidance on Zambia sequencing

The company now expects production of 380,000–440,000 tonnes copper this year, down from earlier estimates of 400,000–450,000 tonnes.

January 17, 2025

Anglo American targets deal for Brazil nickel mines in H1 2025

The Barro Alto and Niquelandia mines have attracted interest of bidders from “different nationalities and backgrounds,” says its CEO in Brazil.

January 17, 2025

Zambia looks to UAE and Saudi Arabia to back copper expansion

The African nation aims to increase copper output to a record above 1 million tons this year.

January 17, 2025

Rio Tinto to form new lithium unit after Arcadium buy

Rio Tinto Lithium would control the miner’s $2.5 billion Rincon project in Argentina but not its controversial Jadar project in Serbia.

January 17, 2025

Codelco, Saudi Arabia eye joint copper investments

The collaboration could also extend to lithium, as Saudi Arabia seeks to import the battery metal from Chile for domestic processing.

January 16, 2025

Lynas Rare Earths’ second-quarter revenue rises nearly 4%

Its total rare earth oxide for the second quarter was 2,617 metric tons, compared to 2,722 tons reported last quarter.

January 16, 2025

Rio Tinto and Glencore discussed potential merger

A $160 billion Rio Tinto-Glencore combination makes sense in a copper-centric world, but we've been here before.