Anglo plans $1 billion buyback after bumper iron ore profit The buyback represents a shift for Anglo, which has been focused on repairing its bruised balance sheet and investing in growth. Bloomberg News | July 25, 2019 | 10:13 am
Billionaire Anil Agarwal sells Anglo stake Volcan was Anglo American's biggest shareholder, with a nearly 20% stake. Reuters | July 25, 2019 | 9:47 am
China Molybdenum takes full control of ex-Dreyfus metals unit for $518 million The Chinese firm already had a roughly 45% indirect interest in IXM, formerly the metals business of trading house Louis Dreyfus. Reuters | July 25, 2019 | 9:40 am
China’s Fulin ditches plans for battery parts plant in Chile The decision comes on the heels of a similar move by South Korea’s POSCO and its partner, Samsung's battery unit. Cecilia Jamasmie | July 25, 2019 | 9:33 am
Newmont Goldcorp profit drops on cost of deals, idle mines Net income attributable to shareholders from continuing operations sank to just $1 million in the latest quarter, from $274 million a year earlier. Reuters | July 25, 2019 | 9:30 am
Lynas confident on Malaysia licence renewal as expiry looms Malaysia's energy and environment ministry had set conditions in December for Lynas to remove its waste stockpiles before it would renew its licence. Reuters | July 25, 2019 | 9:20 am
Energy Resources Of Australia says Rio Tinto to help with Ranger uranium rehabilitation The Ranger project attracted controversy because of its proximity to the Kakadu National Park. Reuters | July 25, 2019 | 9:11 am
Teck Resources misses profit estimates on lower base metal prices The Vancouver-based company said adjusted profit fell to C$459 million in the second quarter, from C$653 million in the year-ago period. Reuters | July 25, 2019 | 9:04 am
Fortescue Metals reaps iron ore price windfall Australia's Fortescue Metals Group reported record quarterly iron ore shipments on Thursday. Reuters | July 25, 2019 | 8:53 am