July 25, 2024

Anglo American takes fresh $1.6bn writedown on UK fertilizer mine

Charge weighed on the miner’s swinging to a loss and it comes amid a company overhaul that involves shedding four of its units.

July 24, 2024

Fortescue to step up energy spending despite job cuts

"We see a massive potential in green iron industry out of Australia, supplying China," CEO says.

July 24, 2024

Fortescue forecasts higher annual iron ore shipments

Production was higher due to the implementation of a recovery plan in response to the ore car derailment and weather disruptions.

July 24, 2024

Newmont beats quarterly profit estimates on higher gold production

The world's biggest gold miner benefited from robust production and easing costs.

July 24, 2024

Codelco says it will wait to evaluate financing for El Abra expansion

Freeport McMoran, which owns 51% of the mine, plans to invest around $7.5 billion to expand.

July 24, 2024

Teck invests in Armenia explorer Fremont Gold

Teck has acquired a 6.89% ownership in the junior explorer.

July 24, 2024

Vale to develop low-carbon mega hubs in Brazil, US, and Middle East within a year

Three projects were already announced for Oman, Saudi Arabia, and the United Arab Emirates.

July 24, 2024

Gold price rally to boost profits for Newmont, Barrick

During the April-June quarter, spot gold averaged $2,335.87 per ounce, 18% higher than the same period last year.

July 24, 2024

Anglo to face investors with wary eye on BHP’s potential return

Investors will keenly scrutinize CEO Duncan Wanblad on Thursday as he gives an update on the miner's strategy.

July 24, 2024

Vedanta seeks partners to develop Zambia mines it’s regaining

The company seeks partners to carry out exploration, development and production at the Konkola Copper Mines assets.