October 9, 2024

Sumitomo Metal forecasts widening global nickel supply surplus in 2025

According to the company, a larger surplus next year will be driven by continued production expansion in Indonesia.

October 9, 2024

Rio pays premium multiple for Arcadium in biggest deal since 2007

“We feel quite comfortable that we have not bought a lithium company at the top of the cycle right now. We had to pay a fair price, and that’s what…

October 8, 2024

Rio Tinto buys Arcadium for $6.7 billion cash

Rio's offer is at the high end of expectations representing a premium of 90% to Arcadium’s closing price on October 4.

October 8, 2024

Zijin Mining buys Newmont’s Ghana gold project for $1 billion

Underground operations are expected to begin from 2028, extending the mine’s life to 2042 and delivering about 186,00 ounces of gold a year.

October 8, 2024

Vale swaps head of iron ore business

Rogerio Nogueira, Vale's current director of product and business development, was appointed to fill the role on an interim basis.

October 8, 2024

Video: Barrick sharpens focus on capital discipline and copper growth, CEO says – Part 1

Barrick has prioritized growth investments with shareholder returns and loan retirements, distributing $5 billion and cutting debt by $3.5 billion.

October 8, 2024

Arcadium’s vast lithium portfolio lures Rio at the right time

So far the market is working in Rio's favor, as plunging lithium prices since January have stymied Arcadium's growth plans.

October 8, 2024

Mali seeks $500 million in outstanding taxes and dividends from Barrick

Authorities in Mali briefly detained four Malian staff members working for Barrick last month.

October 8, 2024

Barrick Gold touts new discoveries at DRC’s Kibali mine

These near-mine discoveries, alongside ongoing exploration at the asset, promise to extend the operation’s life and boost production.

October 8, 2024

Cameco eyes expansions of uranium mines on rising nuclear demand

Growing demand for nuclear power poses the “best fundamentals I’ve ever seen for nuclear in my 40-year career,” its CEO said.