February 2, 2024

OceanaGold files for Philippine subsidiary’s IPO

The Toronto-listed miner plans to sell up to 456 million common shares or a 20% stake in OceanaGold Philippines.

February 2, 2024

Vale’s board advised to consider outside candidates in search for next CEO

The recommendation was part of a report submitted Friday to Vale’s board, which has been weighing whether to renew Bartolomeo’s term as CEO or start a worldwide recruitment process.

February 2, 2024

MP Materials and Lynas explore merger amid rare earth market turmoil — report

The Australian Financial Review suggests the two companies may be in talks to merge, potentially forming the world's largest non-China producers of rare earths.

February 2, 2024

Western miners lag as oil powers enter race for Africa’s critical metals

Risk aversion is likely to leave major Western miners lagging in a race to tap Africa's reserves of critical raw materials.

February 2, 2024

First Quantum bonds rally as miner works to free up cash

The most liquid notes due in 2031 climbed $0.15 to $0.94 since hitting a low in November.

February 2, 2024

Zambia seeks to restructure Glencore debt with new Mopani investor

Zambia is seeking to restructure a $1.5 billion debt owed by Mopani Copper Mines to Glencore.

February 2, 2024

Rusal loses suit against Rio Tinto over alumina refinery

Company sought to win back access to its 20% share of the alumina produced at a jointly owned refiner in Queensland.

February 2, 2024

Grupo Mexico profit down 19% on sliding metal prices

The firm produced 264,251 metric tons of copper over the quarter, down 2% from a year earlier.

February 1, 2024

Fifth Fortescue executive quits as management exodus deepens

News comes just days after Deborah Caudle, the chief financial officer of the miner’s energy arm, said she had left the firm created by billionaire Andrew Forrest.

February 1, 2024

Endeavour resumes work at Burkina Faso gold mine after strike ended

The work stoppage at the Hounde mine in Burkina Faso has had “significant financial impacts” on the company.