December 8, 2023

Teck, Oldendorff to outfit bulk carrier with rotor sails to cut emissions

The Flettner Rotors generate lift from the wind, which is translated into additional thrust, reducing fuel consumption on voyages.

December 8, 2023

Panama government orders First Quantum to end copper operations

Cobre Panama has requested government authorization to lay off more than 4,000 of its employees.

December 8, 2023

Anglo American shares plunge after production cuts

Shares hit their lowest point since March 2020 after the miner unveiled plans to drastically cut the amount of commodities it mines.

December 8, 2023

Trafigura’s 2023 net profit hits record $7.4 billion

The Geneva-based private company made the bulk of its profit in the first half of the year.

December 7, 2023

Arras Minerals joins forces with Teck to explore critical minerals in Kazakhstan

Teck made its first investment into Arras last November by acquiring a 9.9% stake.

December 7, 2023

Anglo American preps sweeping cost cuts as price rout bites

A rapid and precipitous plunge in palladium and rhodium has already forced other South African producers to cut jobs.

December 7, 2023

Ivanhoe Mines quadruples exploration budget for 2024

The primary focus of exploration activities will be on the Western Foreland project in the DRC.

December 7, 2023

China’s CMOC says geopolitics helped drive Australia sale

CMOC agreed earlier this week to sell its 80% stake in the Northparkes copper and gold mine to Evolution Mining.

December 7, 2023

US IRA is ‘cream on top’ as Arcadium eyes lithium growth

US subsidies will support the growth of the top 3 lithium producer if the Livent and Allkem merger creating the new company goes ahead.

December 6, 2023

BHP reshuffles executives, Vandita Pant to take CFO role

Current CFO David Lamont will remain with BHP until February 2025.