November 1, 2022

PIF, Mitsui eye stake in Vale’s base metals business

Vale is seeking to raise more than $2 billion from the deal, Bloomberg sources say.

November 1, 2022

Saudi Arabia courts Australian miners for $170 billion plan

The kingdom says it’s sitting on top of $1.3 trillion worth of untapped mineral deposits including copper, zinc, phosphates, and gold.

November 1, 2022

Vedanta expects revenue to jump to $50 billion in two years’ time – chairman

Vedanta reported $16.05 billion in revenues in the fiscal year that ended in March.

November 1, 2022

Debswana posts 37.5% jump in 9-month diamond sales

However, De Beers sees the risk of the market slowing down in the coming months due to a deterioration in global economic conditions.

November 1, 2022

Newmont’s third-quarter profit misses estimates

The miner said its third-quarter gold production rose to 1.49 million ounces from last year's 1.45 million ounces.

November 1, 2022

Vale to study implementing ‘mega hubs’ in Middle East countries

Vale is expected to build and operate iron ore concentration and briquetting plants within the hubs.

November 1, 2022

Protesters in Peru target Hochschild’s largest mine

Hochschild did not say if production had been affected, but noted protesters are blocking the entrance to the Inmaculada mine since Oct. 27.

November 1, 2022

Sibanye-Stillwater may cut thousands of jobs at gold mines in South Africa

The miner will enter into consultations with stakeholders, which could impact 1,959 employees and 465 contractors. 

October 31, 2022

Tesla held talks over buying stake in Glencore – report

The EV giant considered acquiring part of Glencore, but negotiations failed on Tesla's concerns about the Swiss miner's coal business, FT.com reported.

October 30, 2022

Brazil’s president-elect Lula vows greener mining

Leftist former Brazilian President Luiz Inacio Lula da Silva was elected this Sunday, winning over far-right incumbent Jair Bolsonaro.