Brazil’s Batista brothers to invest $1 billion to boost iron ore mines
J&F, the family holding, emerged as the surprise buyer of Vale’s iron ore and manganese mines in the central west state of Mato Grosso do Sul.
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Canadian technology company creates metals supply chain software to combat fraud
Alberta-based Daniola says it has developed a secure digital platform to bring more accountability and transparency to metals transactions.
BHP CEO says ‘ship has sailed’ on potential acquisition of Canada’s Nutrien
The world’s biggest mining company is concentrated on building its own potash business instead.
Brazilian court rules in favor of Brazil Potash’s Autazes project
The $2.5 billion project aims to provide an initial output that is sufficient to cover approximately 20% of Brazil’s potash needs.
Rio Tinto aims to add more iron ore with stronger China outlook
The producer will spend $70 million to lift production at Gudai-Darri, its newest mine in Western Australia’s Pilbara region.
Funds return to LME nickel with $4.6 billion in short positions
Measured by value, that’s a record in data going back to 2018, while in tonnage terms the mismatch is near an all-time high seen in 2019.
Gold price rises to 11-week high on escalating Middle East conflict
Bullion has been on the rise since Hamas’ surprise attack on Israel earlier this month, up more than 5% over that period.
Antofagasta shares fall after 2024 copper output forecast disappoints
The Chilean miner said it produced 469,100 tons of copper in the first nine months of 2023, 4.1% higher than the same year ago period.
Paladin becomes sole owner of Michelin uranium project
With its JV partners now out of the picture, Paladin will work on defining a path forward for the project in Labrador, Canada.
