Newcrest acquisition to deliver $500 million in annual synergies, says Newmont CEO
The biggest value drivers of the transaction will come from Newcrest’s two Tier 1 operations, Cadia and Lihir.
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Chinese battery parts maker, African fund plan $2 billion venture in Morocco
CNGR is joining forces with Al Mada to build an industrial base in Morocco.
Chinova puts Australian copper-gold operations up for sale
Shanxi Donghui Energy Group bought the mine from Ivanhoe Australia in 2013.
Indonesia will not approve any new mining quotas for 2023
A new mining quota application system will be available to nickel miners from October and applications can be filed from November.
First Quantum chairman Philip Pascall passes away
The board of directors has voted to elect Robert Harding, who has been a director of First Quantum since 2013, as the interim chairman.
Iron ore price extends decline as concerns over Chinese property market persist
Higher domestic supply also weighed on the key steelmaking ingredient.
Aurubis trims annual forecast further after metal theft
After concluding its metal stocks inventory, Aurubis identified damage amounting to 185 million euros.
Trafigura revamps senior leadership, giving energy more weight
CEO and executive director Jeremy Weir is staying in his roles while Ben Luckock has become the sole head of oil trading.
The mission to create Europe’s battery hub, whatever the cost
In just a few years, Hungary is projected to become the fourth-largest producer of batteries globally.