UPDATE: Rio Tinto goes after Turquoise Hill in US$2.7B bid
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has offered US$2.7 billion for the 49% of shares it doesn’t already own in Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) in…
Articles by Cecilia Jamasmie
Mineral Resources takes stake in Global Lithium, boosts battery metals exposure
Australia’s Mineral Resources (ASX: MIN) will pump A$13.6 million (US$9.80 million) into fellow explorer Global Lithium Resources (ASX: GL1) as part of a A$30 million (US$21.61 million) placement that seeks…
Guinea junta halts Rio Tinto’s Simandou project
Guinea’s ruling junta has ordered a full halt of Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) vast Simandou iron ore project in the country’s southeast, with interim president Mamady…
Rio Tinto cuts ties with Russian businesses over Ukraine war
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has become the first major mining company to announce it was cutting all ties with Russian businesses, joining a massive exodus of…
De Beers latest sale shows demand remains strong
De Beers, the world’s top diamond producer by value, saw sales jump by 18% in the second cycle of 2022 compared to the same period last year, attesting to the…
LME cancels nickel trading after price soars past US$100,000 a tonne
The London Metal Exchange (LME) cancelled nickel trading on Tuesday after a first-time 250% price spike triggered by Western sanctions against major producer Russia, which left brokers struggling to pay…
How much could battery recycling actually aid cobalt, lithium supply shortages?
A recent report by IDTechEx estimates that less than 8% of the global cobalt demand and 6% of the lithium demand will be supplied by recycled Li-ion batteries by 2030….
Buenaventura to kick off San Gabriel gold mine construction in 2023
Buenaventura (NYSE: BVN), Peru’s largest publicly traded precious metals miner, will begin construction on its delayed San Gabriel gold-silver project in the country’s southern region of Moquegua in 2023. The company had…
Alrosa suspends Natural Diamond Council membership
The affected by sanctions Russian diamond miner said it was doing “everything” needed to mitigate the impacts of the conflict on its clients and partners.
Deep-South says Namibia Ministry misses deadline to defend licence refusal
Deep-South Resources (TSXV: DSM) seems to have has scored a win in its battle to renew the company’s prospecting licence for the Haib copper project in Namibia, after the country’s…
Perseus Mining becomes sole owner of Orca Gold in $198M deal
Australian gold producer Perseus Mining (TSX: PRU; ASX: PRU) is buying the shares it doesn’t already own in Africa-focused Orca Gold (TSXV: ORG) in an all-stock deal worth $198 million…
BHP invests $100M in South America-focused Filo Mining
BHP (NYSE: BHP; LSE: BHP; ASX: BHP), which has been expanding its copper footprint, will invest $100 million (US$79 million) in Filo Mining (TSX: FIL). The Canadian junior is developing…