July 27, 2022

Glencore strikes one of Japan’s most expensive ever coal deals

Nippon Steel agreed on an annual supply deal through March with Glencore for power plant coal at $375/t.

July 27, 2022

Grupo Mexico’s Q2 net profit falls 40.5%, copper production hit by Peru’s protests

Grupo Mexico's second-quarter net profit was $611 million, down from the $1.03 billion from the year-ago period.

July 27, 2022

Glencore sells Yancoal Australia stake in $293m block trade

The sale comes almost a month after Glencore and other shareholders rejected an offer by China's Yankuang Energy to buy the remaining 37.7% of shares in Yancoal.

July 27, 2022

Rio Tinto slashes dividend as profits take a hit; shares tumble

Rio Tinto reported a 29% drop in first-half profit and more than halved its dividend on Wednesday.

July 27, 2022

Teck Resources boss to leave after 17 years at top job

Don Lindsay, who will leave by the end of September, led a number of large deals during his time at Teck, but also received criticism from investors over his pay…

July 26, 2022

Botswana president sees progress on diamond pact with De Beers

Botswana and De Beers are working out the “finer” details of a new diamond sales pact.

July 26, 2022

De Beers Canada receives fine for 2017 Snap Lake diesel spill

An investigation revealed that up to 1,125 litres of diesel spilled during a fuel transfer between two above-ground storage tanks.

July 26, 2022

MMG exploring annuity payouts as Las Bambas tensions continue

The announcement is the clearest statement yet of what Las Bambas's strategy will be.

July 26, 2022

Antamina hopes for mine extension approval by early 2023, CEO says

Antamina had announced in April an expansion project that includes investments of $1.6 billion to extend the mine's useful life.

July 26, 2022

Rio Tinto, Fortescue record profits near end on price view, dim demand

A persistent downward trend in iron-ore prices is expected to weigh significantly on the earnings of top Australian miners.