BHP seeks to tighten grip on South America’s copper sector
BHP (NYSE: BHP; LSE: BHP; ASX: BHP), the world’s largest miner, is mulling expanding its investments in Argentina’s copper sector, where it already has a presence through its 5% stake…
Articles by Cecilia Jamasmie
Armenia approves restart of Amulsar gold mine
The government of Armenia has inked a US$250-million deal with Lydian Armenia, the company who owns the licence to operate the vast Amulsar gold mine, effectively allowing the resumption of…
Australia’s Recharge Industries grabs failed startup Britishvolt
Australia’s Recharge Industries, which is building a lithium ion cell factory at home, has acquired the proprietary technology developed by Britishvolt, a failed U.K. company. The startup collapsed early this year after struggling…
Jindalee claims McDermitt project is the US largest lithium deposit
Australia’s Jindalee Resources (ASX: JRL) says it has the largest lithium deposit in the United States after updating the resource for its McDermitt project to 21.5-million tonnes of lithium carbonate…
Eldorado says gold production to grow 55% in five years with Skouries restart
Eldorado Gold (TSX: ELD; NYSE: EGO) expects production to significantly increase over the next five years thanks to the addition of the Skouries gold-copper mine in northern Greece. The company’s…
Rio Tinto to spend U$40M on Diavik diamond mine expansion
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is going ahead with a US$40-million expansion of its iconic Diavik diamond mine in the Northwest Territories, which will extend the operation’s…
Anglo American takes US$1.7B writedown on British fertilizer mine
Anglo American (LSE: AAL) said Thursday it would take a US$1.7-billion charge due to higher costs and delays at its Woodsmith fertilizer project, which is being built beneath the North…
First Quantum halts copper processing in Panama as dispute spirals
First Quantum Minerals (TSX: FM) said on Thursday it had halted ore processing operations at its giant Cobre Panama copper mine, in the latest escalation of a dispute with the…
US rare earths miner to bypass China in supply deal with Sumitomo
U.S. rare earths producer MP Materials (NYSE: MP) has inked a deal with Sumitomo Corp. to supply the Japanese giant with some key elements, such as neodymium and praseodymium, helping the…
Rio Tinto halves dividend on 41% annual profit drop
Mining giant Rio Tinto (LSE: RIO; ASX: RIO) has more than halved its 2022 dividend after posting a 41% drop in annual profit, which was the result of lower commodity…
Teck Resources becomes Teck Metals as it spins off coal unit
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, announced major changes on Tuesday, switching its name to Teck Metals Corp. and spinning off its multibillion-dollar steelmaking coal unit…
Sibanye-Stillwater goes after Australia’s New Century Resources
Precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has launched an off-market takeover bid for Australia’s New Century Resources (ASX: NCZ), offering to pay $83 million for the shares it…