Sumitomo Metal forecasts widening global nickel supply surplus in 2025
According to the company, a larger surplus next year will be driven by continued production expansion in Indonesia.
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Rio pays premium multiple for Arcadium in biggest deal since 2007
“We feel quite comfortable that we have not bought a lithium company at the top of the cycle right now. We had to pay a fair price, and that’s what we’re paying.”
Festive hopes fade for India’s gold industry after price surge
A rebound in gold prices to a record peak has dashed the Indian bullion industry's expectations of a lucrative festival season after their hopes were boosted by a deep cut in import duty two months ago to the lowest in a decade.
Rio Tinto buys Arcadium for $6.7 billion cash
Rio's offer is at the high end of expectations representing a premium of 90% to Arcadium’s closing price on October 4.
Zijin Mining buys Newmont’s Ghana gold project for $1 billion
Underground operations are expected to begin from 2028, extending the mine’s life to 2042 and delivering about 186,00 ounces of gold a year.
GreenX Metals awarded $325 million in dispute with Poland over coal project
The company launched international arbitration proceedings in 2020, arguing Warsaw breached bilateral treaties by blocking its investment in two coal mines.
Lithios secures $12 million to scale its lithium extraction technology
The company says its ALE technology can unlock sources of lithium previously considered uneconomical and inaccessible.
Marimaca Copper options Chile project to create potential synergies with oxide deposit
The Pampa Medina project consists of 4 mining concessions near the planned processing site of the Marimaca oxide deposit.
Vale swaps head of iron ore business
Rogerio Nogueira, Vale's current director of product and business development, was appointed to fill the role on an interim basis.
