Shock exit: Rio Tinto CEO Stausholm to step down
Rio Tinto (ASX, LSE: RIO) announced on Thursday the unexpected exit of CEO Jakob Stausholm later this year, ending a nearly five-year tenure marked by efforts to restore trust with…
Articles by Cecilia Jamasmie
Fortescue delays Iron Bridge full output to 2028
Australia’s Fortescue (ASX: FMG) has pushed back full operations at its $3.9 billion Iron Bridge project to 2028, five years later than initially projected, citing continued technical challenges and the…
Friedland’s Ivanhoe Atlantic urges US to list iron ore as critical mineral
Mining billionaire Robert Friedland’s latest venture, Ivanhoe Atlantic, is reportedly lobbying the U.S. government to add high-grade iron ore to the country’s list of critical minerals. The move aims to…
Dundee in talks to acquire Adriatic Metals for $935M
Adriatic Metals (LSE: ADT1) confirmed Tuesday it is in takeover talks with Canadian miner Dundee Precious Metals (TSX: DPM). The discussions, first reported by Sky News, could value the UK-based…
Rio Tinto bets big on Lithium Triangle’s brine riches
Rio Tinto (ASX, LSE: RIO) is doubling down on lithium, with CEO Jakob Stausholm declaring that South America’s Lithium Triangle is the ideal region to secure the metal critical to…
Exxaro diversifies with $640M in manganese mines
South African coal miner Exxaro Resources (JSE: EXX) has struck a 11.7-billion rand (US$640 million) deal to acquire controlling stakes in two key manganese mines, marking a major step in…
London’s biggest mining IPO since 2018 concerns cobalt
Metal investment company Cobalt Holdings is targeting June for an initial public offering (IPO) in what would potentially be the mining industry’s largest stock debut in London since before the…
Rio to ship Guinea iron ore this year; sells Winu stake
Rio Tinto (NYSE, LSE, ASX: RIO) expects to ship its first iron ore from the Simandou project in Guinea this November, Gerard Rheinberger, the company’s managing director for Simandou, told…
Sibanye’s Finland lithium project cost rises 17%
South African miner Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) has raised the projected cost of its Keliber lithium project in Finland by 17% to €783 million (US$880 million), citing regulatory changes,…
Gemfields to resume emerald mining in Zambia
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) is to resume open-pit mining at its 75%-owned Kagem emerald mine in Zambia, ending a four-month pause triggered by weak market…
Gates, Bezos-backed KoBold eyes DRC lithium project
KoBold Metals, the mining startup backed by Bill Gates and Jeff Bezos, says it plans to invest $1 billion in the Democratic Republic of Congo after inking a framework deal…
Barrick cuts ‘Gold’ from name as metal prices fuel profit
Canada’s gold giant Barrick (TSX: ABX; NYSE: GOLD) has officially changed its name to Barrick Mining Corporation, or Société minière Barrick in French, and reported stronger-than-expected first-quarter profit that was…