Brazil rejects Vale, BHP US$25B offer for mine disaster
Miners had earlier this week presented authorities with an offer to pay $25 billion as reparations for the dam collapse.
Iron Ore
Anglo American rejects BHP’s ‘undervalued’ US$39B bid
Anglo American (LSE: AAL) has rejected a US$39 billion takeover proposal from BHP (LSE: BHP; NYSE: BHP; ASX: BHP) that requires Anglo to divest its platinum and iron ore businesses…
Anglo American bullish on copper outlook, cuts diamond targets
Anglo American (LSE: AAL) reported an 11% increase in its copper output for the first three months of the year, but cut its 2024 production guidance for diamonds, as its…
Vale operations in Brazil now 100% renewable energy-powered
Vale (NYSE: VALE) announced Monday it had achieved its goal of running all of its Brazilian operations based on renewable energy sources, two years earlier than the scheduled target of…
Rio Tinto promotes copper boss Bold Baatar to commercial chief
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has promoted copper executive Bold Baatar to the post of chief commercial officer, in a move deemed by analysts as a clear…
JV Article: Huawei takes smart mines to the next level
The mining industry, still considered by many to be one of the most technology-adverse sectors, has embarked on a journey to revolutionize its operations that goes beyond automation and touches…
Vale faces fresh US$3.8B lawsuit over 2015 dam disaster
Vale (NYSE: VALE) is facing a £3-billion (US$3.8 billion) lawsuit in the Netherlands related to the 2015 collapse of a dam in Brazil, adding to a long list of existing…
JV Video: Temas Resources plans $1.2B titanium, iron ore mine in Quebec
Temas Resources’ (CSE: TMAS) La Blache titanium-vanadium-iron project in eastern Quebec benefits from being similar to Rio Tinto‘s (NYSE: RIO; LSE: RIO; ASX: RIO) decades-old operations in the same region,…
China’s clean-tech surge shakes markets and tests Western green resolve
Against China’s production boom, Western countries are trying to figure out how to build their clean-tech industries without being undercut by cheaper Chinese products. They’re stuck between wanting to secure…
Vale ex-president could escape Brumadinho homicide charges
Fábio Schvartsman claims no connection to dam breach.
From competitor to partner, AI joins forces with the explorers
If you’re a long-term reader of mine, you’ll know I’ve framed tech in a rather skeptical light. Perhaps unfairly. But when it comes to liquidity in the financial system, there’s…
Legacy uses AI to discover platinum in Australia
Legacy Minerals (ASX: LGM) says it’s deployed artificial intelligence software to discover platinum group elements (PGE) and nickel-copper-iron sulphides on the Fontenoy project in New South Wales, Australia. Diamond drillhole…