May 17, 2024

BHP needs to bid about $41 a share for Anglo, JPMorgan says

Anglo American has turned down BHP’s bids twice since April 25, stating the offers continue to considerably undervalue the company.

May 17, 2024

Zijin Mining to produce 50% more copper by 2028

China's top copper producer plans to increase output of the metal by 4% in 2025 and to 1.5.-1.6m tonnes, or 50%, in four years.

May 16, 2024

Biden open to easing sanctions on billionaire Gertler in return for Congo exit

The Treasury Department is willing to grant limited sanctions in return for Gertler relinquishing his royalty streams on three strategic projects.

May 16, 2024

Cochilco raises 2024, 2025 copper price estimates

The commission sees average copper prices this year at $4.30 a pound, from $3.85 a pound before.

May 16, 2024

Fortune Minerals secures $12 million in Canada, US gov’t fundings

To date, Fortune has expended more than C$137 million to advance the NICO project to a near shovel-ready project.

May 16, 2024

CME boosts margins for copper futures after sizzling rally to record

Copper futures hit record highs this week as investors with bearish positions were squeezed.

May 16, 2024

KGHM on course to update on strategy by end of Q3

The Polish miner is considered a major global producer of copper and silver.

May 16, 2024

Copper short squeeze in New York is rocking metals markets

A massive dislocation between the prices for copper traded in New York and other commodity exchanges has rocked the global market.

May 16, 2024

Anglo American freezes hiring amid global shake-up

Anglo's decision affects recruitment of non-site-based permanent employees and contractors, while it works on a company-wide restructuring.

May 15, 2024

Barrick exceeds targets for GHG reduction in 2023

The gold miner re-used or recycled 84% of its water used in operations, with an 85% recycle rate achieved at its water-stressed sites.