Iron ore price slumps as China production cuts spark fears of demand drop Market speculation about government intervention in the iron ore market last Friday weighed on sentiment as well. Reuters | July 3, 2023 | 8:25 am
NRW Holdings to design, construct Northern Star’s KCGM plant for $648m Last month, Northern Star's board approved an expansion of the processing capacity at KCGM. Reuters | July 3, 2023 | 8:20 am
Develop Global to buy Essential Metals for $102 million Develop Global, an Australian base metals explorer backed by lithium miner Mineral Resources, said Essential’s board had ok'd the deal. Cecilia Jamasmie | July 3, 2023 | 5:26 am
ING sues legendary Chinese copper trader over $147 million debt Amount involves overdue payments owed by Triway International Ltd., a trading arm of Maike Metals International, founded by He Jinbi. Bloomberg News | July 3, 2023 | 5:20 am
Glencore offers to buy rest of PolyMet for $71m The move will give Glencore a direct ownership of NorthMet, poised to be Minnesota’s first copper-nickel mine. Cecilia Jamasmie | July 3, 2023 | 3:34 am
Stellantis inks battery metals offtake deal with Australia’s Kuniko Stellantis has agreed to invest 5 million euros in the battery metals miner in return for a near 20% stake. Reuters | July 2, 2023 | 5:37 pm
Zambia to pick investor in Mopani Copper Mines this month China’s Zijin Mining, Norinco Group, Sibanye Stillwater and an investment vehicle owned by ex-Glencore officials are shortlisted to buy Mopani. Bloomberg News | July 2, 2023 | 3:03 pm
Andalucia v Boliden trial set to begin on Tuesday The trial is aimed at dealing with the latest lawsuit promoted by the Junta de Andalucía against Boliden for the Los Frailes tailings dam breach. Staff Writer | July 2, 2023 | 2:44 pm
Amidst Mali’s political shifts, Barrick says it’ll continue to invest in Loulo-Gounkoto complex Barrick Gold’s chief executive said successful exploration at the Loulo-Gounkoto complex in Mali is more than replacing mined ounces. Staff Writer | July 2, 2023 | 12:35 pm