World’s biggest energy traders are returning to metals markets
Vitol, Gunvor and Mercuria Energy are among the traders building out their metals teams, as they look to deploy capital generated by record profits.
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OceanaGold prices $106 million IPO of Philippine unit
OceanaGold plans to sell up to 456 million common shares or a 20% stake in OceanaGold Philippines.
China’s Zhaojin Mining buyout offer for Tietto Minerals now unconditional
The Chinese gold miner last week increased its offer to A$0.68 per share from A$0.58.
MinRes stalls lithium growth, awaits higher prices
Prices have tanked around 85% over the past 18 months to bottom in the quarter to March 31.
First Quantum Minerals cuts debt by over $1bn in first quarter
The company in February had announced a series of capital restructuring measures that would strengthen its balance sheet and cut debt.
Gold’s record-setting rally may have its roots in Chinese frenzy
Several prominent figures in the global gold market are coming to the conclusion that the major new driving force is a legion of fleet-footed retail investors on the Shanghai Futures Exchange.
Five Eyes countries working to fight critical minerals dumping, Canada minister says
Alliance partners are working on putting forward a response to tackle the price manipulation of critical metals.
ESG Watch: Why climate change is leaving mining firms between a rock and a hard place
By 2050, the World Bank forecasts that demand for the metals and minerals used to produce the clean energy technologies will increase by almost 500%.
Fortescue iron ore shipments fall short after derailment
The world's fourth-largest iron ore miner said it shipped 43.3 million tonnes of the steel-making commodity in the three months ended March 31.
