Iron ore price set for 3rd weekly rise on China demand
The Dalian contract posted a weekly gain of 2% and the Singapore benchmark has risen 1.7% so far.
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Implats weighs 3,900 job cuts in South Africa as price rout takes toll
Job losses are hot-button issues in the lead-up to the May 29 election.
Anglo American rejects “opportunistic” $39bn takeover bid from BHP
Under takeover rules, BHP is required to either make a solid offer for Anglo American by May 22 or walk away.
Australian Strategic gets debt funding for rare earths project
The funding is for the development of its rare earths and critical minerals Dubbo project in New South Wales.
Miner owned by South America’s richest family mulls bond sale
Antofagasta, which operates copper mines in Chile, last tapped global debt markets in 2022 when it sold $500 million in 10-year bonds.
On lithium’s frontier, miners are betting on a greener second act
Despite bullish long term forecasts, the metal has been languishing near two-year lows as demand fails to keep pace.
Newcore hikes Enchi gold project value 75% on higher forecast output, bullion price
The NPV of the Enchi gold project in Ghana has increased by three quarters over the prior 2021 assessment.
Anglo’s stumbles have made it prey for mining’s biggest predator
The company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP is moving in.
Miners struggle to finance projects amid surging battery demand — IEA
EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.