Petra cuts latest sign of a down diamonds market
Petra Diamonds (LSE: PDL) has revised its guidance for the next two fiscal years and appointed a new finance leader as part of its plans to lower expenses and debt…
Anglo American
M&A activity shows we’re far from a market top in commodities
There’s a long-held fable within investing circles that surging M&A activity can (at times) signal a market top. So, how does that come about? Just like regular investors, major corporate…
De Beers plans return to marketing roots as split from Anglo American looms
De Beers, which created the global market for diamond engagement rings through its “A Diamond is Forever” campaign, is shifting back to its marketing roots as its parent company Anglo…
Green bonds grow as financing option
Green bonds are a rising source of funding as project developers widen their search for financing beyond stock markets, according to a panel at a New York mining conference. There…
Palladium not written off the road yet, miners say
The price of palladium may gain in the short term if constraints on recycling tighten and car buyers remain wary of electric vehicles (EVs) because of high interest rates, the…
BHP abandons US$49B bid for Anglo
BHP (ASX: BHP) is walking away from its US$49.2 billion offer for Anglo American (LSE: AAL) after the companies couldn’t agree on how to handle the target’s platinum assets in South…
Mining M&A slips as firms lawyer-up to fight regulators
Global mining dealmaking is falling this year but political drama and litigation are escalating in the United States and Canada, while other trends include paying premiums to get copper and…
Anglo American rejects BHP’s third, US$49.2B bid
Anglo American (LSE: AAL) rejected on Wednesday a third takeover bid by BHP (ASX: BHP) that valued the company at US$49.2 billion (£38.6 billion), but it has agreed to extend…
Anglo’s second top investor demands BHP bid revision
Anglo American’s (LSE: AAL) second largest investor said on Wednesday it believes BHP’s (ASX: BHP) takeover bid requires “meaningful revision” in public remarks made just hours before the deadline for…
Ma’aden extracts lithium from seawater
The Saudi Arabia project is still a pilot and not yet at commercially viable levels, Ma’aden’s CEO said.
Zijin Mining to produce 50% more copper by 2028
China’s top copper producer Zijin Mining expects to produce 4% more copper in 2025 than previously planned to profit from the metal’s price ongoing rally, driven by anticipated supply shortages….
Anglo American to sell De Beers, Amplats after latest BHP bid
Anglo American (LSE: AAL), the takeover target of mining giant BHP (ASX: BHP), has yielded to pressure from investors by announcing plans to sell some of its legacy assets in…