August 7, 2023

Australia’s Nickel Industries to seek shareholder nod for $620m share placement

The nickel producer entered a share-sale deal in June to issue about 20% of its shares to PT Danusa Tambang Nusantara.

August 7, 2023

Sumitomo Metal lifts FY profit forecast on higher gold prices, weak yen

Net profit is now forecast at $373 million for the year to March 31, 2024, up from May guidance of $290 million.

August 4, 2023

Freeport Indonesia secures copper export permit, plans to contest new export duty

Company has obtained a license to ship copper concentrate from its Indonesian operation until May 2024.

August 4, 2023

Vale Indonesia plans to divest 14% stake – minister

The shares will be sold to MIND ID, Indonesia's state mining holding company.

August 3, 2023

Jokowi’s EV ambition takes a step forward with cathode factory

Aneka Tambang, Indonesia Battery Corporation and a consortium led by LG are building the facility as part of a $9.8 billion “grand package” to build battery production onshore.

August 3, 2023

China nickel producers look to London exchange in dash for profit

Chinese companies likely to apply to the LME include Tsingshan Group, China's largest nickel producer.

August 3, 2023

Metals traders are leaving hedge funds as markets disappoint

Despite the personnel moves, there aren’t yet signs of permanent retrenchment among hedge funds in metals.

August 3, 2023

Canadian deep-sea miner TMC to seek licence in 2024

The Metals Company is ready to apply for a mining licence next year, with production expected as early as the fourth quarter of 2025.

August 2, 2023

Britain agrees deals on clean energy, critical minerals with Zambia

The foreign ministry would agree on a UK-Zambia Green Growth Compact, aimed at generating £2.5 billion pounds of British private sector investment.

August 2, 2023

Nornickel makes Asia pivot as metals price drop hits H1 profits

Net profit dropped from $5.1 billion to $1.1 billion in the first six months of the year.