BlueScope plays down $8.8B takeover bid
Australia’s BlueScope Steel (ASX: BSL) said Monday it will likely reject an A$13.2 billion (US$8.8 billion) takeover proposal from a consortium led by Kerry Stokes-backed SGH (ASX: SGH) and U.S.-based…
Coal
Megamines: 10 most expensive bulk projects
With public and government attention shifting to critical minerals, energy transition metals and specialty commodities, and retail investors all-in on rampant gold and silver, here’s a reminder of where the…
Global coal demand hits fresh high: IEA
Coal keeps defying forecasts, with US output rebounding even as clean energy expands and long-term demand finally nears a peak.
Banks, investors pumped $52B into met coal between 2022 and 2024: report
German environmental and human rights group Urgewald has found how major financial institutions continue to bankroll the metallurgical coal industry, funnelling nearly $52 billion into mine expansions between 2022 and…
Mining profits face nature-related threats: Barclays
Mining companies could see earnings drop by as much as 25% over five years due to nature degradation, Barclays said in a new report. The bank’s stress test, published in Navigating…
BHP eyes Geraldine Slattery as CEO, FT reports
BHP (ASX, NYSE, LSE: BHP) could appoint Geraldine Slattery, president of its Australia operations, as the company’s first female chief executive in its 140-year history, the Financial Times reported on…
Anglo American to cut hundreds of coal jobs
Anglo American (LSE: AAL) will shed more than 200 jobs from its Queensland coal division as weak prices and high state royalties hit profits. The company confirmed the cuts would…
BHP to shutter Australia coal mine, lay off 750 workers
BHP (ASX, NYSE LSE: BHP) plans to close its Saraji South joint venture coal mine in Australia and lay off about 750 workers amid weak coal prices and high royalties…
BC upholds $800,000 Anglo American penalty
British Columbia’s Environmental Appeal Board has upheld a ruling that handed Anglo American (LSE: AAL) an $800,000 (US$580,000) fine after it repeatedly failed to comply with its environmental permit at…
Brazil probes Anglo’s $500M nickel sale to China’s MMG
Brazil’s competition authority has launched an investigation into Anglo American’s plan to sell its nickel operations in the country to China’s MMG for up to $500 million. The probe, first…
German ‘death strip’ solar project breaks ground
The project site runs along the so-called “death strip”, left behind by the GDR border guards in 1989.
Finland reclaims mining crown as Canada slips
Finland has regained its status as the world’s most attractive jurisdiction for mining and exploration it held in the early 2010s, followed by Nevada and Alaska, according to the Fraser Institute’s…