Spac started by ex-Rusal M&A wiz hunts for green metals giant
ACG Acquisition (LSE: ACG), a new company founded by a mining executive who helped create aluminum giant Rusal, says it plans to buy a critical minerals producer valued at several…
Anglo American
Stillwater Critical enjoys ‘sweet spot’ in Montana’s Lower Stillwater PGMs Complex
Stillwater Critical Minerals (TSXV: PGE; US-OTC: PGEZF) is “rewriting the book” on the Lower Stillwater Igneous Complex in Montana, says president and CEO, Michael Rowley. The company’s evaluation of the…
De Beers names Equinor’s Cook as new CEO
De Beers, the world’s top diamond producer by value, has appointed oil and energy industry executive Al Cook as its new chief executive to replace Bruce Cleaver, who leaves the top job after six…
LIAMforum aims to connect values-driven Gen Z with mining sector
Why is the mining industry struggling to attract young people to replace the droves of older workers who are retiring? Raziel Zisman, a Partner at Whittle Consulting who leads…
Petra Diamonds to resume dividend payouts after three-year turnaround
Petra Diamonds (LSE: PDL) said on Tuesday it would resume paying a dividend and launch a US$150-million debt-cutting plan after stronger prices fuelled by sanctions on Russia’s Alrosa, the world’s…
Chile to redraw constitution following voter defeat
Chile’s national mining association SONAMI has welcomed the weekend rejection of the proposed new constitution for the world’s number-one copper producer, sending lawmakers back to the drawing board to create…
Permitting woes have Chile’s miners feeling ‘under threat’
A rash of permit rejections for mining projects by the new left-wing government has rattled nerves in Chile’s mining industry. First came the rejection of Anglo American’s (LSE: AAL) US$3-billion…
Anglo American’s Quellaveco yields first copper concentrate
Anglo American (LSE: AAL) said on Tuesday it had begun producing copper concentrate at its US$5.5 billion Quellaveco mine in Peru. The mining giant, which has a 60% stake in…
Political changes boost risk for miners in Latin America
Demands for higher revenues from companies, tougher environmental rules and changes to laws have deepened risks across Latin America, index shows.
PDAC 2022: Colombia pushes diversification of mining sector as presidential vote looms – interview
Just ahead of a runoff presidential election in Colombia that will determine current president Iván Duque’s successor, The Northern Miner caught up with the country’s Minister of Mines and Energy,…
Anglo American takes on an industry-first sustainability-linked loan
Anglo American (LSE: AAL) has agreed to a US$100 million, 10-year loan from the International Finance Corporation in what is understood to be the mining industry’s first known sustainability-linked financing…
Alrosa nixes dividend as economic sanctions bite
The board of Russian diamond major Alrosa (MCX: ALRS) has suggested shareholders vote to receive no dividend for 2021 during the upcoming general meeting. Alrosa reported a net profit of…