July 29, 2022

Glencore flags cash tied up in record trading profits

The world’s biggest commodity trader is expected to report record profits next week, driven by surging thermal coal prices and record trading returns.

July 28, 2022

Rio Tinto inks deal to unlock huge Simandou iron ore project

The miner has formed a JV with the Guinea government and Winning Consortium Simandou to develop infrastructure, including a railway and port.

July 27, 2022

Fortescue raises annual shipments forecast amid inflation pain

The world's fourth-largest iron ore miner said it shipped 49.5Mt of the steel-making ingredient in the quarter ended June 30.

July 27, 2022

Glencore sells Yancoal Australia stake in $293m block trade

The sale comes almost a month after Glencore and other shareholders rejected an offer by China's Yankuang Energy to buy the remaining 37.7% of shares in Yancoal.

July 27, 2022

Rio Tinto slashes dividend as profits take a hit; shares tumble

Rio Tinto reported a 29% drop in first-half profit and more than halved its dividend on Wednesday.

July 26, 2022

Rio Tinto, Fortescue record profits near end on price view, dim demand

A persistent downward trend in iron-ore prices is expected to weigh significantly on the earnings of top Australian miners.

July 26, 2022

Greenland Minerals to fight draft rejection of mining permit for rare earths project

The miner will object the draft decision as it relies on a ban on uranium mining, which is being contested separately through arbitration.

July 25, 2022

South32 hasn’t found buyer for Eagle Downs coal project

It said that offers to date for the metallurgical coal project in Queensland, Australia, have been unacceptable.

July 24, 2022

South32 flags labour crunch after marginal rise to metallurgical coal output

Production of metallurgical coal rose to 1.38 million tonnes in the three months to June 30.

July 21, 2022

BHP signs MOU for nickel supply with Ford

The targeted multi-year nickel supply agreement could start as early as 2025 and may involve additional commodities over time, BHP said.