July 28, 2022

Rio Tinto inks deal to unlock huge Simandou iron ore project

The miner has formed a JV with the Guinea government and Winning Consortium Simandou to develop infrastructure, including a railway and port.

July 27, 2022

Fortescue raises annual shipments forecast amid inflation pain

The world's fourth-largest iron ore miner said it shipped 49.5Mt of the steel-making ingredient in the quarter ended June 30.

July 27, 2022

Grupo Mexico expects further drop in copper production for Chile and Peru

The decrease in US copper demand and conflicts in Peru's Las Bambas mine were among the risks.

July 27, 2022

Rio Tinto says Simandou deal close after wrangles over railway

Rio Tinto said it’s close to a breakthrough in a landmark deal to unlock the world’s biggest untapped iron ore mine.

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.