Glencore to cut costs by $1 billion and raises trading goal
Glencore raised its long-term annual profit forecast for trading to $2.3 billion to $3.5 billion despite mining pressures.
Latest Stories
Chile’s 2025 vote puts mining sector’s future on the line
At stake is the future of Codelco, the state-owned copper giant that helped build modern Chile, and vast deposits of lithium.
Rio Tinto logs smallest first-half profit in five years on lower iron ore prices
The world's largest iron ore producer posted underlying earnings of $4.81B in H1 down 16% from a year earlier.
Guinea’s Simandou construction linked with water, soil pollution
Water and soil samples taken along the 650-kilometer railway and around the iron ore deposits in the southeast revealed high levels of acidity and bacterial contamination.
Ramaco Resources secures five-year permit for Brook rare earth mine in Wyoming
Brook is the first new rare earth mine in the US in more than 70 years and first new coal mine in Wyoming in over 50 years.
Grupo Mexico reports profit bump as copper costs shrink
Grupo Mexico, controlled by billionaire German Larrea, ranks among the world's largest copper producers by volume.
Gold price could hit $4,000 by year-end, says Fidelity
Bullion is one of the best-performing assets this year, rising by more than 27%.
Vista Gold study doubles value, slashes costs for smaller Mt Todd project
Average annual output in the mine’s first 15 years is estimated at 153,000 oz.
Kinross divests entire 12% stake in Yukon-focused White Gold
Agnico Eagle Mines, Canada's largest gold producer, holds a 19.85% stake in White Gold.
