Fortescue to buy Red Hawk Mining to tap Western Australia ore
The offer price of as much as A$1.20 cash per share implies a fully diluted equity value for Red Hawk of A$254 million ($160 million).
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Nucor posts lower fourth-quarter results; sees steel market improving
Nucor's CEO said steel demand softened throughout 2024 but noted that market conditions were starting to improve.
Winsome Resources begins permitting for Adina lithium project in Quebec
The project is subject to Quebec’s provincial environmental and social impact assessment (ESIA) processes.
Earth AI raises $20m for mineral exploration
The new funding will drive AI and drilling technology development and accelerate discoveries, the company said.
GRAPH: What global copper mining’s top tier could look like
The Rio Tinto-Glencore merger appears stalled and a BHP-Anglo American tie-up is indefinitely postponed, but copper mining is already top heavy.
Tin miner Alphamin slumps after rebels take Congolese city
Rwanda-backed rebels overran the eastern Congolese city of Goma, the capital of North Kivu province where the company’s tin mines are located.
Barrick, Mali to start new negotiations on Tuesday
Barrick has temporarily suspended its mining operations in Mali.
Ghana plans gold board to increase earnings and curb smuggling
Ghana plans to launch a Gold Board to streamline gold purchases from small-scale miners, increase earnings and reduce smuggling.
Nornickel sees up to 3% nickel output increase in 2025
The company sees its nickel output at 204,000-211,000 metric tons in 2025.