Vale mulls base metals spinoff to tap EV market
The move could help the nickel and iron ore giant take advantage of an increasing demand from electric car manufacturers.
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Investors love copper but not the price of building a new mine
As copper bulls pushed prices to decade highs, the end of a six-month corporate spat showed that some investors were still reluctant to back a long-term bet on the metal.
BHP likely to approve long-delayed Jansen potash project
Scotiabank analyst says there’s a 90% chance that BHP finally greenlights the first phase of its Jansen potash project in Saskatchewan.
Lawmakers in biggest copper nation ratchet up tax proposal
The worst-case scenario for Chilean copper producers in a debate over a new royalty system just got bleaker.
Australian state commission approves extension of Glencore’s Mangoola coal mine
The decision comes ahead of a byelection for the Upper Hunter seat in the NSW state parliament, in which the future of coal mining in the region is likely to be a key issue.
Bidco Nova Resources moves to take Kaz Minerals private
Consortium said its bid for the copper miner had been declared unconditional after winning more than 90% of support.
More metallurgical tests begin for FPX Nickel’s Baptiste project
A concentrate grading 63% nickel and 1% cobalt was produced.
Iron ore price surges to record high
Chinese steel futures also closed at all-time highs, underpinned by robust demand and concerns over production curbs.
Nordgold repays $325 million in debt
Nordgold’s total debt now comprises solely of a five-year $400 million Eurobond.