Sumitomo Corp net profit down 32% on Madagascar one-off loss
Sumitomo booked a total of 150 billion yen one-off losses on four problematic operations, including the Ambatovy nickel project in Madagascar.
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Chinese miners see opportunities as BHP’s mega bid unfolds
Miners like Zijin Mining, China Minmetals and others are likely to examine closely a deal that creates the world’s top copper producer, Bloomberg says.
BHP CEO flies to South Africa to push $39 billion takeover
BHP’s team aims to engage with President Cyril Ramaphosa’s administration among other key stakeholders, Bloomberg sources say.
Albemarle profit just misses estimates on weak lithium prices
Lithium prices had fallen by more than 80% in the year up to March, according to a basket tracked by Benchmark Mineral Intelligence.
Energy transition delay will impact investment – Wood Mackenzie
A five-year delay to decarbonization efforts could see global average temperatures rising to 3 degrees Celsius above pre-industrial levels, the firm says.
Congo M23 rebels claim control of smartphone mineral mining town
Most of Congo's mineral resources are concentrated in the east, where insecurity has worsened since the M23 made a major comeback in March 2022.
Contango grows Alaska gold footprint with two major buys
Contango is buying HighGold Mining and Avidian Gold Alaska, which will boost its annual production to over 150,000 ounces.
Gold price falls as investors face long wait until Fed rate cuts
Bullion rose 1.3% to $2,314.99 an ounce as of 3:54 p.m. in New York.
Australia’s Meteoric signs preliminary deal with Neo Performance to supply rare earths
Neo's rare earth separation factory in Estonia is expected to purchase the rare earth oxide from the initial output of Meteoric's Caldeira project in Brazil.
