August 8, 2023

Glencore half-year profit drops 50% as commodity prices ease

At its own mines, Glencore said profit was hurt by lower prices for coal and cobalt in particular.

August 8, 2023

Barrick CEO sees few good deals despite mining’s M&A revival

"The problem is that, in the gold industry, most of the tier one assets remaining are embedded in bad assets. And you can’t unlock them,” Bristow says.

August 8, 2023

Graves a barrier for Jindal’s $2 billion South African iron mine

Residents say the mine could lead to more than 3,000 households and 3,000 graves being moved.

August 8, 2023

Glencore keeps dealmaking powder dry for Teck as payouts drop

The company underlined its interest in a deal by holding back $2 billion for a potential purchase of Teck’s coal business.

August 8, 2023

Western Australia to scrap 2021 Aboriginal heritage protection laws

Laws were introduced after the destruction of the ancient Juukan Gorge rock shelters by Rio Tinto.

August 8, 2023

Barrick beats quarterly profit estimates on higher gold prices

The company also maintained its full-year production outlook for gold and copper.

August 8, 2023

Glencore stockpiled cobalt in first half to support prices

Cobalt prices are down more than 50% from October, due to weak demand and growing supplies from Indonesia.

August 8, 2023

Barrick open to Saudi wealth fund buying stake in Pakistan’s Reko Diq project

Barrick considers the mine one of the world's largest underdeveloped copper-gold areas.

August 7, 2023

Sumitomo Metal lifts FY profit forecast on higher gold prices, weak yen

Net profit is now forecast at $373 million for the year to March 31, 2024, up from May guidance of $290 million.

August 7, 2023

Vale loses bid to block BHP’s London lawsuit in Brazil dam case

More than 720,000 Brazilians are suing BHP over the 2015 collapse of the Fundao dam, which was owned and operated by the Samarco joint venture between BHP and Vale.