Lynas posts record profit on solid rare earths demand
The rare earths producer reported net profit after tax of $377 million for the year.
Latest Stories
Tesla’s battery metals bill balloons to $100 billion
Raw material costs have more than doubled since Elon Musk said Tesla will produce 20 million vehicles per year before 2030.
Peru lowers 2022 growth forecast and abandons mining tax hike plan
The new forecast is significantly higher than the Refinitiv average of 2.6% but is lower than the 3.6% the ministry had last forecast in May.
Robert Friedland’s Ivanhoe Electric one of three finalists for Saudi Arabia project
Kingdom passed a new minerals investment law last year and provided 13 reconnaissance licences, 133 exploration licences and eight exploitation licences.
Gold price pares gains as traders weigh US data, Fed rate hike path
The government’s main measures of US growth pointed in different directions in the first half of 2022, underpinning further debate on the health of the economy.
Iron ore price rises as Chinese steel mills ramp up output
China's move to support its economy, including funding support for infrastructure projects, also boosted sentiment.
Hudbay enters exploration agreement for satellite properties near Constancia mine in Peru
The Maria Reyna and Caballito properties consist of a large, contiguous block of mineral rights with potential to host mineral deposits close to the Constancia processing facilities.
Gold Fields sees progress in winning investors over to Yamana deal
Shares in South Africa-headquartered Gold Fields dropped 20% when the deal was unveiled.
More study needed to explain origin of Chile sinkhole, says Lundin unit president
Chile's environmental regulator issued a series of measures against the Ojos del Salado mine, alleging "over-extraction of material" could have caused the sinkhole.
