June 21, 2018 Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.
June 19, 2018 US-China trade spat wipes $57B from top mining stocks in fortnight Copper, iron ore prices drop, mining majors punished as US threatens more tariffs on "predatory" Chinese imports and Beijing calls it "blackmail".
June 19, 2018 Rapaport says De Beers destroying transparency in the diamond industry The Rapaport Group says the world's largest diamond miner does not allow clients to disclose the source of their gemstones, except with De Beers' prior written consent.
June 18, 2018 Rio Tinto to start building massive Koodaideri iron ore mine in 2019 First production from the Pilbara-based project, which it says it’s one of the world’s most technologically advanced, is expected in 2021.
June 17, 2018 Mine workers must embrace technology to use it successfully The best new technology workers are the people who embrace it, says Mark Fawcett, a Partner at IBM.
June 15, 2018 Trump trade war blows up big week for mining majors A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.
June 15, 2018 Samarco is said nearing settlement with Brazil prosecutors Resolving the legal cases will allow talks with creditors to begin as the company starts to draft its long-term business plan.
June 14, 2018 Erdene becomes first cross-listed firm on the Mongolian Stock Exchange The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.
June 14, 2018 Mitsubishi ups stake in Anglo’s Quellaveco copper project in $600-million deal Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.
June 12, 2018 Rio Tinto hires CFO from Danish shipper Maersk Major miner Rio Tinto named Jacob Stausholm to replace outgoing financial boss Chris Lynch when he retires in September.
Copper price racks up longest rally since 2017 with bulls at the helm Futures have rallied by more than 40% this year, setting up the biggest annual advance since 2009. December 30, 2025 | 09:12 am
