Adaro eyes $291 million from unit IPO to spin off coal arm
Adaro is spinning off the coal mining unit valued at $2.45 billion to focus on developing cleaner energy, with an aluminum smelter being built in Kalimantan.
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China’s copper production boom threatens to crowd out the rest of the world
The top consumer of copper globally is on track to produce about half the world’s refined metal this year after a frenzy of smelter construction to secure supplies crucial to the energy transition.
PT Vale and China’s GEM partner for $1.4 billion Indonesian nickel plant
The plant will process nickel laterite ore from the Vale unit into 66,000 tons of mixed hydroxide precipitate annually.
Navoi Mining to boost waste processing capacity at HMP-7 plant
The processing of technogenic waste at HMP-7 would significantly reduce the production costs of the plant's output.
Paladin shares sink as it cuts uranium output
The uranium miner revised down its production forecast for the Langer Heinrich mine in Namibia.
Nornickel moves closer to deal for new copper plant in China
The plant would produce 500,000 tons of refined copper a year using concentrate shipped from Russia.
Friedland considers floating African iron ore company on ASX
The IPO, expected before June 2025, seeks to raise capital for acquiring "overlooked" critical minerals projects in Australia.
Mosaic misses quarterly profit estimates, finance chief to retire
Mosaic had cut its Q3 production forecast following equipment failures in Canada and hurricanes at the US Gulf Coast.
Vulcan Energy gets $106 million funding from German ministry
Shares of Vulcan Energy surged as much as 16.8% to a more than 18-month high on Tuesday.
