Anglo posts $3.7B loss on fresh De Beers writedown
Impairment reduces De Beers’ value, bringing total writedowns for the diamond unit to $6.8 billion in 2025.
Articles by Cecilia Jamasmie
CHARTS: US copper glut hides refining crunch
The United States produces more raw copper than it consumes but lacks the processing capacity to turn it into usable metal, leaving manufacturers dependent on foreign refiners, a new report…
Glencore doubles down on copper, keeps M&A in play
Glencore (LSE: GLEN) is stepping up its copper ambitions in the Democratic Republic of Congo and beyond, even as it posted a third straight annual earnings decline, while keeping the…
Australia’s St Barbara unveils bold Canadian push
Australia’s St Barbara (ASX: SBM) has unveiled an aggressive exploration strategy in Nova Scotia, Canada, as it advances plans to redevelop its 15-Mile open pit gold mine and processing hub…
Resolute secures Doropo gold mine OK in Côte d’Ivoire
Resolute Mining (ASX: RSG) has secured a 14-year mining permit for its Doropo gold project in Côte d’Ivoire, clearing the final regulatory hurdle to develop the mine and lift the…
Anglo flags third De Beers writedown
Anglo American (LSE: AAL) is weighing a third writedown of De Beers in as many years as weak diamond prices persist and the miner advances asset sales ahead of its…
Rio Tinto, Glencore nix $260B mega-merger
Rio Tinto (ASX, LSE, NYSE: RIO) and Glencore (LSE: GLEN) have scrapped plans for a $260-billion merger that would have created the world’s largest mining company. In a statement on Thursday,…
Regis revives McPhillamys after gold rally
Australian gold miner Regis Resources (ASX: RRL) has moved to revive its stalled McPhillamys gold project in New South Wales by seeking approval for a new waste storage design after…
Ivanhoe in talks to send DRC zinc to US stockpile
Ivanhoe Mines (TSX: IVN) says it’s in advanced talks with the Democratic Republic of Congo’s state miner Gecamines and Swiss commodities trader Mercuria to route zinc-rich concentrate from the Kipushi…
U of Texas spinout targets gallium, scandium
The University of Texas at Austin has spun out Supra Elemental Recovery, a company focused on recovering high-purity gallium, scandium and other critical minerals from domestic waste streams, amid growing…
Eldorado buys Foran for $2.8B in copper push
Eldorado Gold (TSX: ELD; NYSE: EGO) has agreed to buy fellow Canadian miner Foran Mining (TSX: FOM; US-OTC: FMCXF) in a transaction that values the copper-focused developer at about $3.8…
Glencore’s copper drops 11% as Rio takeover looms
Glencore’s (LSE: GLEN) copper production fell 11% in 2025, hitting the low end of guidance as weaker ore grades and operational constraints weighed on output, amid intensified investor attention on…