August 30, 2023

Zijin Mining slows M&A on valuations, geopolitical risks

The number and scale of deals completed by the company is fewer than previous years, although it’s still “actively looking."

August 30, 2023

Harmony Gold returns to profit as output rises

The company said profit in the 12 months through to June rebounded to $275 million from a net loss of $48 million in the prior period.

August 30, 2023

Codelco woes mount with potential rating cut by Moody’s

Moody’s Investors Service potential downgrade adds to Codelco's worries, including rising debt, declining ore grades and inflation.

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.