July 16, 2024

BHP posts second straight year of record iron ore production, beats estimates

The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 76.8 million tonnes in the three months to June 30.

July 16, 2024

Vale sees iron ore output at high-end of 2024 guidance after Q2 rise

The company reported output of 80.6 million metric tons for the steel-making ingredient in the three-month period ended in June.

July 16, 2024

Vale board members in a ‘state of war’ over CEO succession — report

Last week, consulting firm Russell Reynolds delivered a list of 15 potential successors for Eduardo Bartolomeo.

July 16, 2024

Zijin Mining to take 9.9% stake in Montage Gold

As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.

July 16, 2024

Rio Tinto hails another step closer to develop Serbian lithium mine

If developed, the $2.4 billion Jadar lithium project in Western Serbia could cover 90% of Europe's current lithium needs.

July 16, 2024

Development banks seek to revive world’s biggest power project

The planned Grand Inga hydropower complex in the DRC has been stalled for decades.

July 16, 2024

Ganfeng Lithium plans to build $1.1 billion trading desk

Derivatives will be used to lower the risks of cross-border investments and to enhance financial stability, the Chinese producer said.

July 16, 2024

Vedanta seeks $1 billion in upsized share placement

Vedanta is joining a slew of Indian companies tapping stock investors amid surging valuations and increasing demand for equity investments in the country.

July 16, 2024

Barrick’s quarterly gold and copper output edges higher

Barrick Gold's second-quarter gold output edged up by almost 0.9% from the previous three months.

July 16, 2024

Rio Tinto ready to build Simandou after almost 30 years of setbacks

Simandou has faced delays due to legal disputes, political changes, and the challenges of building out 600 km rail and port infrastructure.