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.

January 29, 2024

Nornickel forecasts further nickel, palladium output drop this year

The miner said it was hit by adverse geopolitical risks and postponed furnace repairs, following a drop in production in 2023.

January 29, 2024

Albemarle lays off 300 employees on weak lithium prices

The world's largest lithium producer's move comes as an oversupply of the metal used in EV batteries has caused prices to collapse.

January 26, 2024

Lula never discussed Vale’s CEO succession, says Brazil minister

Reuters recently reported that President Lula wanted Mantega to be appointed to a board seat at the mining giant.

January 26, 2024

BHP to review $9.7 billion charge over Brazil dam failure

The fine is part of a broader claim seeking $31.5bn for reparation, compensation and moral damages tied to the Fundão dam failure in 2015.

January 25, 2024

Brazil judge orders Vale, BHP and Samarco to pay $9.7 billion in damages

The Samarco Fundão dam burst in November 2015 — it was Brazil’s worst environmental disaster.

January 25, 2024

Brazil’s Lula slams miner Vale over 2019 Brumadinho disaster

The Brazilian President criticized Vale for "not having done anything to repair the destruction".

January 25, 2024

Fortescue to work with China officials to clear iron ore shipments

Two iron ore cargoes from the world's No.4 supplier were facing unusual customs delays at north China's Caofeidian port.

January 25, 2024

Vedanta beats Q3 profit view on production, sales uptick

Grappling with falling metal prices, the company has reported profit falls since the first quarter of 2022.