Anglo and Teck underline mining retreat as China dampens profits
Anglo reported a more than 40% fall in underlying earnings to $5.1bn, while Teck posted an even sharper drop in Q2 profit of over 50% to C$1.48 billion ($1.1bn).
Latest Stories
Teck cuts copper guidance on lower output at QB2
QB2 is the first step in Teck’s plan to grow its copper footprint and implies extending the aging deposit’s life by 28 years.
Fortescue sees annual iron ore shipments rising
The world's fourth-largest iron ore miner expects to ship between 192 million metric tonnes (Mt) and 197 Mt of the steel-making commodity in the year.
BHP, Curtin University partner to provide student scholarships in Western Australia
The scholarships will provide recipients with financial aid, mentorship, fourth year research project support and visits to mining operations.
Allkem’s fourth-quarter revenue eases on weak prices
The miner recently inked a $10.6 billion merger with Livent.
Iron ore price looks set for a tumble as major stimulus hopes fade
Chinese consumer confidence has been decimated by years of virus lockdowns and delays on new-build properties.
Alaska asks US Supreme Court to undo EPA Pebble mine veto
Alaska said the restrictions violate the state’s sovereign right to regulate its lands and waters.
Congo annuls first gold refinery permit days before inauguration
The plant, built by Congo Gold Raffinerie Sarl in the eastern city of Bukavu, has been in the works since 2019.
US says it must work with Latin America more on key minerals
The Biden administration has begun a push to diversify the US’ sources of important goods and materials and to reduce dependency on China.
