Teck exits oilsands with C$1bn sale of Fort Hills stake to Suncor
The all-cash deal, effective Nov. 1, will boost Suncor’s aggregate share in the northern Alberta operation to more than 75%.
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Freeport in talks to buy Arizona copper smelter
Executives from Phoenix-based Freeport recently toured the Hayden smelter -- owned by Grupo Mexico unit Asarco -- to appraise the operation.
Japanese Tesla supplier to take on Chinese rivals to tap EV boom
Sumitomo wants to start making materials for a cheaper type of battery -- containing no nickel -- that’s poised for global popularity after storming the world’s top EV market, China.
Newcrest quarterly gold output falls 17% sequentially on planned shutdowns
The company's quarterly copper output also declined.
Barrick CEO says Zambia’s Lumwana mine life could be extended to 2060
Speaking at a media briefing, Mark Bristow said since 2019 Lumwana’s fortunes had been turned around, making it one of Zambia’s largest copper producers.
Inflation-hit miners are seeing early signs of cost relief
The financial chiefs of First Quantum Minerals and Lundin Mining noted a shifting trend on costs for mine supplies during their third-quarter earnings calls.
LG Energy pins hopes on America growth as EV battery sales climb
The South Korean company reiterated its target of tripling revenue in North America in five years, with the EV market there forecast to see compound annual growth rate of 33% by 2030.
Chile’s government, miners still clashing over mining royalty bill
The president of Chile's National Mining Society argued that the government should consider promoting more mining production instead of increasing taxes, arguing this would make a greater contribution to the treasury.
World’s largest CO2 removal deal ever depends on tech that isn’t ready yet
British energy company Drax Group wants to build power plants that burn wood chips, capture emissions produced from the process and bury them deep underground.