Algoma Steel to cease blast furnace operations, lay off 1,000 workers as tariffs bite
The Trump administration's 50% tariffs on foreign steel have significantly restricted access for Canadian producers to the US market.
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BHP Americas head sees Jansen ‘learnings’ key to limiting costs
Jansen is crucial to BHP’s ambitions of building a significant footprint in potash – a new commodity for the mining behemoth.
Saudi Arabia launches bidding for 13,000 sq km mineral exploration licences
The Saudi kingdom accelerates efforts to tap deposits estimated at 9.4 trillion riyals ($2.50 trillion).
Barrick IPO proposal puts Nevada Gold Mines in M&A spotlight
A spinoff would be attractive to Newmont and Agnico Eagle Mines, Jefferies analysts wrote.
Silver price climbs to fresh high on supply fears
Spot silver climbed to a new peak of $58.81 per ounce, surpassing last Friday's record by another 3.6%.
Top Zimbabwe gold miner warns higher royalty would hit profits
The company warned that the royalty threatens its flagship Blanket mine.
Nippon Steel sees US Steel weak performance as temporary, executive says
Last month, it widened its net loss forecast for the year to March 31 to 60 billion yen from 40 billion yen.
Ivanhoe Mines fires up Africa’s largest copper smelter
Ivanhoe expects to feed its first concentrate into the smelter by year-end, kickstarting the production of 99.7%-pure blister copper anodes.
Kodal ships first spodumene concentrates to China
The company expects the payment to total $24 million, which would be the first revenue generated by its Malian subsidiary.