September 25, 2024

US Steel confirms arbitration ruling favoring Nippon Steel’s $14.9 billion buyout

The arbitration board ruled that US Steel met the successorship clause conditions in its labor agreement with the United Steelworkers union.

September 24, 2024

Indonesia launches $941 million smelter-grade alumina refinery

The production capacity of the refinery is 1 million metric tons of alumina per year.

September 24, 2024

Miners could lose 6.4% of spending to fraud — report

Crowe's research shows implementing better fraud prevention practices could cut losses by up to 40% within 12 months.

September 23, 2024

At least 38 dead in Iran coal mine blast

The accident was caused by a methane gas explosion in two blocks of a mine run by the Madanjoo company.

September 23, 2024

Indonesia President inaugurates production of Freeport Indonesia’s copper smelter

The new $3.7 billion smelter has annual input capacity of 1.7 million metric tons of copper concentrate.

September 20, 2024

Nippon Steel to sell $211 million in assets to manage debt amid US Steel deal

Nippon Steel plans to sell at least 30 billion yen in assets including real estate and inventories.

September 20, 2024

US to award $3 billion to 25 projects for battery manufacturing sector

Move will increase domestic production of advanced batteries and battery materials to shift their production away from China.

September 19, 2024

FATF asks for tighter checks on India’s precious metal deals

The South Asian nation has about 175,000 businesses in this sector, but only some 9,500 are registered.

September 19, 2024

Korea Zinc shares surge on speculation MBK to sweeten offer

MBK is North Asia’s biggest private equity firm with $30 billion under management.

September 19, 2024

Saudi Arabia targets control of Alba to bolster metals ambitions

Ma'aden announced a series of deals this week involving Aluminium Bahrain.