April 4, 2023

Glencore has three weeks to keep $23 billion Teck bid alive

Glencore, which is working with Citigroup, has indicated its deal would be dead if Teck investors approve the split later this month.

April 4, 2023

NGEx shares shoot up 23% on new copper-gold discovery in Argentina

CEO Wojtek Wodzicki said the grades are some of the best he has seen in his career.

April 4, 2023

Shanghai Futures Exchange lowers margin requirements for metals trading

Margin requirements for copper and aluminum will be lowered from 12% to 9%.

April 4, 2023

Teck said to be open to offers once coal spinoff is complete

Canada’s largest diversified miner has rejected an unsolicited acquisition proposal from Glencore Plc.

April 3, 2023

Arizona Sonoran receives latest permit at Cactus ahead of Q4 prefeasibility

The company is currently advancing the Cactus project to a pre-feasibility study.

April 3, 2023

Copper price back below $9,000 on weak China industrial activity

Metal price was also impacted by the rise in oil prices and fears about inflation and higher interest rates in the US.

April 3, 2023

Sumitomo Metal plans 11% cut in full-year copper output

The decline comes as it plans to conduct two-month maintenance at its Toyo Smelter & Refinery in Ehime, western Japan.

April 3, 2023

Chile economy contracts more than expected on mining drop

Mining activity tumbled 3.1% in February from the previous month.

April 3, 2023

Teck rejects unsolicited $23bn takeover bid from Glencore

Teck Resources is instead urging shareholders to approve an already announced separation of Teck Metals and Elk Valley Resources.

April 2, 2023

Australia’s energy storage capacity needs 10-fold increase by 2050 – report

Rapidly rising energy demand spurred by the ongoing electrification of building and transport industries requires that Australia grows its energy storage capacity at least 10-fold by 2050.