June 12, 2024

MMG to invest $700 million to double copper output at Botswana mine

MMG announced in March that it had completed a deal to buy Canada-based Cuprous Capital, the parent company of Khoemacau mine.

June 12, 2024

BHP, Spence mine workers reach initial wage deal

Union members have until Friday to vote on the preliminary wage deal agreed on the fifth day of government-mediated talks.

June 11, 2024

Freeport-McMoRan looking for ways to expand copper production, CEO says

The company isn’t under pressure to follow rivals like BHP in seeking acquisitions, and will instead focus on innovation to grow production and lower costs, CEO Kathleen Quirk said.

June 11, 2024

Kamoa-Kakula is now world’s third-largest copper mining complex

Ivanhoe Mines has achieved first concentrate production at the Kamoa-Kakula operation’s Phase 3 concentrator.

June 11, 2024

New-look Polymetal aims to double gold output with Central Asia M&A

The company may also look to enter new markets in Saudi Arabia and Oman.

June 10, 2024

Rio Tinto to buy Mitsubishi’s near 12% stake in Boyne Smelters

In late May, Rio signed a deal to buy Sumitomo Chemical's 2.46% interest in the venture.

June 10, 2024

Codelco copper output hit by lingering effects of rock collapse

El Teniente’s first-half production is tracking lower than the same period last year as it repairs areas of the underground operation affected by the collapse last June.

June 10, 2024

Vale Indonesia says Febriany Eddy reappointed as CEO as MIND ID deal approaches

Eddy will be on the new board of directors from the closure of MIND ID transactions, expected this month, until 2027.

June 10, 2024

Botswana in talks to raise stake in De Beers

President Mokgweetsi Masisi also said the government will play a central role in selecting a new investor to replace Anglo at De Beers.

June 8, 2024

Nippon Steel executive saw positive reaction from US Steel workers and others

Nippon Steel Vice Chairman Takahiro Mori returned to the US in an effort to close the deal amid growing regulatory scrutiny and political opposition.