July 21, 2023

Glencore expects 2023 trading unit profits of up to $4 billion

The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10%.

July 21, 2023

Vedanta posts 41% slump in Q1 profit on soft metal prices

Shares of the company closed 6.2% higher ahead of the results.

July 21, 2023

Hydro says Russian metal threatens LME benchmark, Rusal hits back

While there are no sanctions on Russian metal, consumers are ignoring aluminium produced by Rusal, which accounts for 6% of global supplies.

July 20, 2023

Ecuador, SolGold seal deal to launch nearly $5bn mining project

Construction of the Cascabel mine is seen starting in 2025, with operations kicking off in 2030.

July 20, 2023

Barrick Gold targeted by Russian cybercriminal group Clop in global data theft that hit Sun Life, Vancouver transit police

Clop’s modus operandi is to demand ransom in return for not publishing the data stolen, or to sell it to a third party.

July 20, 2023

Orea amends deal with Nordgold regarding stake in French Guiana project

In August 2022, Orea announced that it would be buying out Nordgold's majority stake in the 5-million-ounce project for C$100 million.

July 20, 2023

Egypt agrees framework for mining terms with Barrick Gold and Centamin

Centamin said under framework, exploitation licences would be issued for a 30-year stabilized fiscal and legal regime.

July 20, 2023

Anglo American’s first-half copper production surges 42%

Anglo expects to reach between 840,000 and 930,000 metric tons of copper production this year.

July 20, 2023

Newmont misses profit estimates on mining disruptions, higher costs

Since early June, Newmont's operations at its Peñasquito mine have remained suspended.

July 20, 2023

Freeport’s profit narrowly beats despite production, Indonesia woes

A slump in copper production and shipping delays in Indonesia dragged Freeport-McMoRan Inc's second-quarter profit down by 60%.