January 30, 2024

Lithium miners warn on plunging profits after price freefall

Two of China’s biggest lithium companies became the latest miners to issue stark warnings over the health of the battery metal industry.

January 30, 2024

China Baowu raises $1.4bn via bond, mostly for Simandou iron ore project

The entire Simandou project will be completed and put into operation in 2026, Baowu said in the document.

January 29, 2024

Vale’s 2023 iron ore output tops guidance, but sales fall

The company produced 89.40 million metric tons of iron ore in the last three months of 2023.

January 29, 2024

Brazil state prosecutor urges Vale, BHP to settle over dam disaster

The Minas Gerais state prosecutor general says the companies risk paying a lot more in court.

January 29, 2024

First Quantum to sell 120,000 tons of copper in Panama mine

The miner said selling the copper concentrate is the best alternative to generate resources to cover the costs.

January 29, 2024

Barrick sings Kibali praises: Africa’s largest gold mine is among greenest

Electricity for Kibali comes from three hydroelectric stations and the newly commissioned 16 MW solar power plant and energy storage facility.

January 29, 2024

Third mine disaster in a decade tests ESG boundaries in Brazil

Again and again, Brazil is showing just how quickly money managers are willing to shrug off disasters.

January 29, 2024

Endeavour goes to court to end strike at Burkina Faso gold mine

Endeavour has slumped 18% this year.

January 29, 2024

Codelco pays heavy price for ramping up debt burden to fund over-budget projects

The miner sold two tranches of debt worth a total of $2 billion last week at 230 basis points and 235 points above US Treasuries.

January 29, 2024

Russian tycoon’s investment group sells Polymetal stake to Omani-owned consortium

Polymetal International is seeking to sell its Russian assets, which were sanctioned by the US in 2023.