December 5, 2024

Budget allocated to grassroots exploration at all-time low – S&P Global

S&P analyst says explorers are transitioning to a more risk-averse stance, with increased focus on existing mines.

December 5, 2024

Coal miner jumps by limit in biggest Indonesian IPO of 2024

Shares of PT Adaro Andalan Indonesia gained 20% in their first day of trading.

December 4, 2024

Nippon Steel committed to US Steel takeover, aims to close in December

The transaction has faced stiff resistance from politicians and the United Steelworkers (USW).

December 4, 2024

Freeport Indonesia sees output ramping up at Manyar smelter in Q3 next year

Freeport was forced to stop copper cathode output at the newly operated smelter after the fire broke at its gas cleaning unit.

December 4, 2024

Rio Tinto lifts 2025 guidance for capex, copper output

Across operations, it is projecting 3% compound annual growth from 2024 onward.

December 4, 2024

Mitsubishi Corp loses $90 million in suspected China metal fraud

The loss is the latest in a string of recent cases of alleged wrongdoing to hit a major commodity trading house.

December 4, 2024

Gold price inches up on political turmoil, US jobs data

Gold moved little on Tuesday after South Korean President Yoon Suk Yeol made a surprise declaration of martial law, before rescinding the decree just hours later.

December 3, 2024

Rio Tinto sells copper mine stake to Sumitomo for $399 million

Sumitomo is slated to acquire a 30% equity share of the Winu project in Australia.

December 3, 2024

Vale sees China steel production declining, other regions to grow

The company said it will adjust its distribution network to answer to the geographical changes on global steel production.

December 3, 2024

Trump reiterates opposition to Nippon Steel’s takeover of US Steel

Nippon Steel hopes to close the deal before Trump retakes the White House on January 20.