November 12, 2024

Adaro eyes $291 million from unit IPO to spin off coal arm

Adaro is spinning off the coal mining unit valued at $2.45 billion to focus on developing cleaner energy, with an aluminum smelter being built in Kalimantan.

November 12, 2024

PT Vale and China’s GEM partner for $1.4 billion Indonesian nickel plant

The plant will process nickel laterite ore from the Vale unit into 66,000 tons of mixed hydroxide precipitate annually.

November 11, 2024

Hindalco beats Q2 profit view on higher aluminum prices

The benchmark aluminum and copper prices on the LME rose 20% and 24%, respectively, from the second quarter of last year.

November 10, 2024

China, Indonesia seal $10 billion in deals focused on green energy and tech

The countries agreed to enhance collaboration in sectors such as new energy vehicles, lithium batteries, photovoltaics and the digital economy.

November 10, 2024

US judge narrows investor lawsuit against Rio Tinto over Mongolian mine

Rio Tinto and its former CEO are accused of defrauding investors by concealing problems developing the $5.3 billion Oyu Tolgoi mine.

November 9, 2024

Barrick falls behind rivals as No. 2 miner misses boost from bullion boom

Missed production targets, higher operational costs and political turbulence at mines in Africa and Asia have investors turning increasingly sour on the world’s second-biggest gold producer.

November 9, 2024

Japan, Peru to agree on cooperation in mineral mining technology

The two governments aim to create stable supply chains in Peru for critical minerals such as copper and zinc through technology provided by Japanese companies.

November 8, 2024

World’s top energy trader Vitol eyes metals as oil demand set to peak

CEO Hardy points to iron ore, copper, and aluminum as potential markets.

November 8, 2024

Vedanta tops Q2 profit view on higher metals prices

Vedanta benefitted from higher prices of aluminum, zinc and copper, its biggest businesses.

November 7, 2024

Huayou seeks $2.7 billion for Ford-backed Indonesia nickel plant

The fundraising comes as benchmark nickel prices trade near a four-year low amid weaker demand from the stainless steel market.