October 5, 2023

Lundin in talks with Japanese trading houses to develop Argentina mine

New CEO Jack Lundin said the company is conducting risk analysis before finalizing strategic partners to help develop the Josemaria copper-gold mine.

October 5, 2023

BHP plans to keep its remaining coal after completing mine sales

Efforts to divest BHP’s interests in the Daunia and Blackwater sites in Queensland are ongoing.

October 5, 2023

BHP to focus on cost cuts, patient on M&A

For BHP to engage in a buyout, it would need to consider price, ease of jurisdiction, and opportunity to add value.

October 5, 2023

Teck aiming for coal, metals business separation announcement by end of 2023

CEO Jonathan Price said the company is advancing a range of proposals with a range of counterparties.

October 5, 2023

Lundin scion leads group raising $500 million for mining fund

Nordic Natural Resources Capital will take “sponsorship” stakes and invest in mining companies at development or construction phases of their projects.

October 5, 2023

Codelco loses CFO in latest blow to world’s top copper miner

Alejandro Rivera resigned as CFO a day after Codelco’s investment-grade credit rating was cut one notch by Moody’s.

October 5, 2023

Anglo CEO says miners must make “tough decisions” to remain profitable

Duncan Wanblad said on Thursday mining companies have to confront tough decisions such as cutting costs as weak metal prices hit earnings.

October 4, 2023

Spotlight still on Vedanta $3 billion debt despite spinoff plan

While equity investors gave the demerger plan a thumbs up, Vedanta’s dollar bonds have tumbled.

October 4, 2023

First Quantum says open to adjusting contract for Panama operations

The company said in a statement it will collaborate with the government to ensure the contract's approval.

October 4, 2023

Suncor to buy Total’s Fort Hills stake in $1.07 billion deal

The acquisition would add 61,000 barrels a day of net bitumen production capacity and 675 million barrels of proved and probable reserves.