July 9, 2018

BP is front-runner to buy BHP’s US shale unit

The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package.

July 9, 2018

Canada’s Barrick, China’s Shandong Gold to deepen ties, look at acquisitions

Acquisitions in the metals mining sector have begun to pick up, with an increase in joint ventures between Western and Chinese mining firms.

July 9, 2018

Australia’s Yancoal halts Austar mine amid safety dispute

Yancoal said it will start standing down employees, and is aiming to redeploy most workers to other underground operations owned by the company.

July 9, 2018

Tiger Resources’ $260M Congo asset sale to Chinese firm collapses

Tiger expects to release a new Life of Mine Plan for the assets in 6-8 weeks.

July 9, 2018

Private equity firm to deploy $550 million into mining sector

Targeting close or ready for production.

July 5, 2018

Iron ore slides to seven-month low as trade war fears mount

Iron ore’s starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating…

July 5, 2018

Finds at Lucapa’s Lulo project jump on record mined diamonds

Production at Lucapa's 40%-owned Lulo project, in Angola, rose 20% during the June quarter.

July 5, 2018

Rio Tinto says synergies, no Brexit behind decision to move sales team to Germany

London-based sales and marketing staff to relocate to Frankfurt beginning September.

July 4, 2018

Nautilus Minerals tanks on shipbuilding contract cancellation

Fresh setback for the company’s Solwara 1 project, expected to be the world’s first seabed gold, copper, silver mine.

July 4, 2018

Former Rio Tinto exec jailed for corruption in China let free

The ex-head of iron ore business in China, Stern Hu, spent almost nine years in a Shanghai prison after a 2010 conviction for corruption and industrial espionage.