BHP still has iron ore pricing power despite discounts, RBC says
The world’s largest mining company is deliberately absorbing the discounts to protect pricing, analyst wrote.
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Former BHP executive to be appointed Chile’s mining minister
Santiago Montt, who has a doctorate in law from Yale University, will be named to President-Elect José Antonio Kast’s cabinet in a ceremony Tuesday evening.
Ferrexpo halts Ukraine operations, furloughs staff after power grid attacks
The suspension will remain in place until power can be provided consistently at required levels, the company said.
Venezuela aluminum restart could cost up to $2.3B: WoodMac
Years of outages and neglect have shut Venezuela’s smelters, but analysts say the country still holds strategic value.
USA Rare Earth to build plant in France with gov’t backing
USAR's proposed facility has a capacity of 3,750 metric tons per annum and will be co-located at the Caremag oxide facility.
Portugal’s Lifthium wins $210 million grant for lithium refinery
Bondalti, Portugal's largest chemicals producer, already operates sites there and Lifthium aims to start operations by 2030.
Gold price soars past $4,700 for new record
Spot gold rose as much as 1.4% to an all-time best $4,749.84 an ounce.
Centerra surges on PEA valuing Kemess gold-copper project at $1.1B
When factoring in spot commodity prices, the Kemess NPV would almost triple to $2.7 billion, according to its latest PEA report.
Jiangxi Copper plans $3.6 billion bond sales to fund expansion
Proceeds will be used to repay debt, supplement working capital, or fund merger-and-acquisition activity, it said.