BHP and Mitsubishi close $4.1bn sale of Queensland coal mines
BHP has been working towards making a transition to commodities and away from coal-related assets.
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US Steel union rejects Nippon Steel’s appeal for takeover support
In December, Nippon agreed to buy US Steel for roughly $15 billion but the deal faces an uphill battle to approval amid bipartisan opposition in a US election year.
Metso and Almalyk MMC sign frame agreement for major copper smelter delivery in Uzbekistan
The frame agreement is a continuation of Metso’s and Almalyk MMC’s contract signed at the end of 2022 for the design and basic engineering work for the copper smelter.
Franco-Nevada backs Scottie with $7 million royalty, share purchase
The company plans to use the proceeds primarily at its Scottie gold project in British Columbia.
Green River Gold to begin placer mining on Wabi claims near Quesnel, BC
Green River holds six contiguous placer mining claims straddling the Swift River, which has a significant history of placer mining dating back to the Cariboo gold rush.
Tullett Prebon launches battery metals trading desk
Tullett currently trades base metals such as copper, aluminum and zinc listed on the London Metal Exchange.
Korea Zinc agrees 40% fee cut to turn Teck’s mined zinc into metal
Teck has agreed to pay Korea Zinc $165 per metric ton, a three-year low, to turn its zinc concentrate into refined metal.
Senators raise concerns over Nippon Steel’s China ties amid US Steel takeover bid
Democrat Sherrod Brown has urged President Biden to investigate Nippon Steel’s business dealings in China, according to the Financial Times.
Lithium trading hits record on CME as funds seize budding market
The drop in lithium prices has flipped the market into a contango, creating opportunities for funds.
