August 30, 2023

BHP mulls taking Escondida underground

BHP is studying ways to offset an expected drop in copper grades in Chile, including a new concentrator and taking Escondida underground.

August 29, 2023

Vale considers taking steel decarbonization model to US, Brazil

Under the proposal, Vale would build briquetting plants that would feed third-party direct reduction facilities on the same site.

August 29, 2023

Mosaic CEO James O’Rourke to step down at year-end

Bruce Bodine, Mosaic's senior vice president of North America, would take charge as the new CEO in January.

August 29, 2023

Chinese steel demand declining less than data suggests, says Vale executive

Vale is "cautiously optimistic" about the largest global consumer of iron ore, as China's economy has proven resilient.

August 29, 2023

Private credit funds mull jumbo loan for Australian coal mines

The funds are in talks to potentially underwrite financing of $2-3 billion for competing bids from Indonesian mining contractor Buma and Australian coal producer Stanmore.

August 29, 2023

Polyus H1 adjusted net profit jumps 33% y/y

Physical sales volume rose 24%, while gold output jumped 36% to 1.45 million ounces.

August 29, 2023

Sibanye says still in race for Zambia’s Mopani Copper Mine assets

The company said a competitive process to determine a successful bidder is under way.

August 29, 2023

Hindustan Zinc eyes jump in output under chair Agarwal Hebbar

The company wants to grow its annual mined metal output to 1.5 million tons, from around 1 million tons now.

August 29, 2023

Rio Tinto-First Quantum JV to develop massive copper project in Peru

La Granja is described by the new partners as one of the world’s largest undeveloped deposits of the coveted metal.

August 28, 2023

Lynas flags higher costs for Kalgoorlie rare earths plant, profit slumps

The world's largest producer of rare earths outside China reported a net profit after tax of A$310.7 million.