Glencore loses senior aluminum traders to rivals Vitol, Mercuria
The moves are the latest signs that Glencore and Trafigura Group, which have long dominated metals trading, are being challenged by an influx of new competition.
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Faraday’s Copper Creek drill results show resource growth potential in Arizona
The $2.7 billion capex project contains 4.2 billion lb. copper, 74.6 million lb. of molybdenum and 15.5 million oz. of silver.
Codelco taps debt market to fund record copper mine investments
The Chilean state miner plans to raise about $1.5 billion to help fund investments needed to retain its status as the world’s biggest copper producer.
Brazil offers $815 million to back strategic minerals projects
The support can be used to develop supply chains of minerals including lithium, rare earth elements, nickel, graphite and silicon.
Allied Gold gets Mali’s go-ahead for new project near Sadiola
Known as Korali-Sud, the new project will be managed under Mali’s new mining code.
K92 Mining shares soar on record-breaking gold production
For the year, K92 produced 149,515 ounces of gold, surpassing guidance.
USA Rare Earth produces first batch of magnets at Oklahoma plant
The company is targeting commercial production in 2026.
Fortescue partners with China Baowu to tackle steel industry decarbonization
Fortescue also aims to make all its iron ore products green by 2030.
Indian steel titan’s coal deal frozen amid Mozambique legal row
JSW Steel agreed in May to buy Minas de Revuboè, but the Mozambican government revoked the mine lease before a deal could be completed.
