October 24, 2022

Copper tech firm Jetti raises funds at $2.5 billion value

Jetti tapped existing investors as well as new backers at a valuation that’s about double its last raise.

October 24, 2022

Rusal files London lawsuit against Potanin over Nornickel pact

Rusal filed a lawsuit alleging that Vladimir Potanin, CEO of Nornickel, is in breach of a decade-old deal.

October 24, 2022

UK prosecutors implicate 11 Glencore employees in bribery probe

The commodity trading industry has been dogged by anti-corruption investigations for years, but few individual traders or executives have faced prosecution.

October 24, 2022

Newcrest suspends operations at Brucejack mine following “critical incident”

Incident involved an individual belonging to its mining and development contractor in British Columbia.

October 23, 2022

South32 cuts 2023 coal output view as Appin mine strike bites

South32 said it now expects to produce 7Mt in total coal production for the year to June 2023, compared with its prior forecast of 7.4 Mt.

October 23, 2022

Giant gold mine in South Africa emulates Toyota to boost profit

Gold Fields looked at Toyota’s processes in a bid to turn South Deep into a so-called tier 1 mine.

October 22, 2022

Barrick to expand East African footprint following positive results at North Mara, Bulyanhulu gold mines

Barrick plans to expand its East African footprint using the North Mara and Bulyanhulu gold mines in Tanzania as a foundation for this endeavour.

October 21, 2022

Gold Fields acquisition target Yamana assets valued at $6-$8 billion – CIBC

An independent evaluation by CIBC has put Yamana's mineral assets at between $6 billion and $8 billion, in line with Gold Fields' initial offer price.

October 21, 2022

De Beers to offer sweeter terms as diamond market shows strain

De Beers has told customers in a memo that it would be doubling the size of its so-called buyback process.

October 21, 2022

Vale CEO says miner will spin off copper, nickel unit

Rather than selling all or part of it, the company is now looking to separate and ring-fence the copper and nickel unit from the iron ore business.