June 3, 2024

Gina Rinehart ups stake in lithium-focused Vulcan

The mining billionaire, through its firm Hancock Prospecting, is now Vulcan's second largest shareholder, with a 7.5% stake.

June 2, 2024

Nippon Steel’s Mori returns to US this week for talks on US Steel takeover

The deal would give Nippon Steel greater access to the profitable U.S. market and further its long-term financial goals.

June 2, 2024

Thyssenkrupp can’t afford delays over future of steel unit, chairman says

Thyssenkrupp's chairman defended a move to sell a stake in the group's steel unit to Czech billionaire Daniel Kretinsky.

May 31, 2024

China Gold’s Jiama mine in Tibet resumes operations

The copper-gold mine was suspended on March 27, 2023, due to a tailings overflow at the Guolanggou dam.

May 31, 2024

Glencore’s climate action plan wins more support from shareholders

The new plan published in March included an intermediate target to reduce emissions by 25% by 2030.

May 31, 2024

Codelco and SQM agree on final lithium deal

Their partnership is expected to start in 2025 and run through 2060, with Codelco overseeing general management as of 2031.

May 31, 2024

Indonesia to issue copper export permits for Freeport, Amman

Indonesia banned shipments of all raw minerals from June 2023, but Freeport and Amman were given a year-long dispensation to export their copper concentrate.

May 31, 2024

Chile hopes SQM-Codelco deal to proceed as planned, finance minister says

The arrangement would see Codelco take a majority stake in SQM’s Atacama salt flat assets in exchange for 30 more years of operations.

May 30, 2024

Rio Tinto to keep New Zealand aluminum smelter running for another 20 years

The new electricity arrangements include demand response agreements under which NZAS may be requested to reduce electricity consumption by up to a total of 185MW.

May 30, 2024

Investors relieved BHP walked from $49 billion Anglo takeover deal

BHP’s timing was good but the complexity of the deal requiring demergers and a copper price rally made it difficult to execute, investment officer said.