Glencore expects 2023 trading unit profits of up to $4 billion
The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10%.
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Vedanta posts 41% slump in Q1 profit on soft metal prices
Shares of the company closed 6.2% higher ahead of the results.
Australia blocks acquisition of lithium mine by China-linked firm
Country issued a prohibition order stopping Austroid Corporation from acquiring an additional 90% of lithium miner Alita Resources.
Mining People: Atacama Copper, E-Tech Resources, First Mining, Outcrop
Key moves in the mining sector.
Hydro says Russian metal threatens LME benchmark, Rusal hits back
While there are no sanctions on Russian metal, consumers are ignoring aluminium produced by Rusal, which accounts for 6% of global supplies.
Western Australia’s mining sector was key for post-covid-19 economic recovery – report
International trade and a thriving mining and resources sector were crucial for the recovery of Western Australia’s economy following the covid-19 pandemic.
Excellon Resources acquisition of La Negra falls through
Excellon's two board members have resigned after the mine seller unexpectedly sent it a notice terminating the transaction.
At international deep sea mining meeting, debate moves behind closed doors
The ISA cut a livestream of its members negotiations and retreated behind closed doors in an attempt to resolve a dilemma the could determine the fate of the deep ocean.
Ecuador, SolGold seal deal to launch nearly $5bn mining project
Construction of the Cascabel mine is seen starting in 2025, with operations kicking off in 2030.
