November 12, 2024

PT Vale and China’s GEM partner for $1.4 billion Indonesian nickel plant

The plant will process nickel laterite ore from the Vale unit into 66,000 tons of mixed hydroxide precipitate annually.

November 12, 2024

Nornickel moves closer to deal for new copper plant in China

The plant would produce 500,000 tons of refined copper a year using concentrate shipped from Russia.

November 12, 2024

Mosaic misses quarterly profit estimates, finance chief to retire

Mosaic had cut its Q3 production forecast following equipment failures in Canada and hurricanes at the US Gulf Coast.

November 12, 2024

Vale signs deals for free market natural gas supply

Under the free energy market, Vale will be able to negotiate prices directly with its suppliers.

November 11, 2024

Resolute CEO detention in Mali comes amid West Africa mining squeeze

Mali’s military junta — crippled by sanctions and cut off from Western aid — is at the forefront of the push, aggressively pursuing both Resolute and Barrick Gold.

November 11, 2024

Codelco offers copper to Chinese clients at a premium of $89/t

The copper premium, a fee on top of the London Metal Exchange prices charged to buyers, is a demand indicator for the metal widely used in power networks.

November 11, 2024

Chilean regulator charges Codelco smelter over emissions violation

The charges are related to alleged emissions violations at its Potrerillos copper smelter in the Atacama region.

November 11, 2024

Australian iron ore giants’ shares sink on disappointing China stimulus

Analysts at Citi last week forecast a grim near-term outlook for iron ore prices, expecting iron ore to average $85 per tonne in 2026.

November 11, 2024

Suitors circle American Eagle Gold as South32 takes 19.9% stake

To gain its initial stake in American Eagle, South32 has agreed to pay a 15% premium to the junior’s 5-day volume-weighted average trading price.

November 10, 2024

US judge narrows investor lawsuit against Rio Tinto over Mongolian mine

Rio Tinto and its former CEO are accused of defrauding investors by concealing problems developing the $5.3 billion Oyu Tolgoi mine.