The secretary-general of the International Seabed Authority is set to run for a third term leading the United Nations-affiliated organization that regulates deep sea mining, as control of mineral resources used to make electric car batteries becomes a focus of US-China rivalry.
Tuesday, May 7, 2024 - 22:27:02
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival Anglo American would see one of the Rainbow Nation’s most familiar companies largely withdraw from the country more than a hundred years after it was founded. The question is whether the government in Pretoria can stop the $39 billion transaction – and whether it should.
Tuesday, May 7, 2024 - 22:23:36
Coal India Ltd., the world’s largest producer of the commodity, reported a 26% increase in fourth-quarter profit, driven by a drop in salary expenses and higher shipments to customers.
Friday, May 3, 2024 - 14:26:53
China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39 billion approach for rival Anglo American Plc, potentially the largest mining deal in over a decade.
Thursday, May 2, 2024 - 14:22:57
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP Group Ltd. offered last week, according to analysts and traders surveyed by Bloomberg.
Wednesday, May 1, 2024 - 21:40:03
China’s Ganfeng Lithium Group Co. plans to pay about $408 million to buy out its partner in a lithium mine being developed in Mali.
Tuesday, May 7, 2024 - 22:34:25
BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner’s thinking said.
Tuesday, May 7, 2024 - 22:28:39
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution to the Canadian company’s disputed Cobre Panama mine.
Tuesday, May 7, 2024 - 22:25:32
The chairman of Chile’s state-run copper giant Codelco said on Monday that he expects to reach a lithium deal with mining company SQM on schedule, while noting many issues remain to be resolved.
Monday, May 6, 2024 - 22:20:53
First Quantum Minerals is looking forward to talks with the new administration in Panama and to work together to find a resolution to its disputed Cobre Panama mine, the Canadian miner said on Monday.
Monday, May 6, 2024 - 22:15:57
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.
Tuesday, May 7, 2024 - 22:32:54
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the Federal Reserve fights inflation.
Monday, May 6, 2024 - 22:19:56
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in Pakistan’s Reko Diq gold and copper project, a Pakistan government document showed on Monday.
Monday, May 6, 2024 - 22:17:51
Peru’s dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper prices and a bullish outlook they will rise further, helping lure back investor interest, the country’s mining minister said on Friday.
Sunday, May 5, 2024 - 14:40:13
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South Africa on May 1.
Friday, May 3, 2024 - 14:32:40
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, extending the period of consecutive purchases to 18 months despite high gold prices.
Tuesday, May 7, 2024 - 22:31:41
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group’s $39 billion takeover bid, a source familiar with the matter told Reuters.
Saturday, May 4, 2024 - 14:38:31
A five-year delay to decarbonization efforts could see global average temperatures rising to 3 degrees Celsius above pre-industrial levels and result in a 55% fall in global average spending, a report by consultancy Wood Mackenzie showed.
Thursday, May 2, 2024 - 14:15:32
Copper miner Antofagasta Plc is holding meetings with investors this week for its first dollar bond offering in nearly two years, people familiar with the matter said.
Friday, April 26, 2024 - 17:16:02
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines minister, a post he held before last year’s elections.
Wednesday, April 24, 2024 - 19:15:11
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