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
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…
Anglo-Teck deal seen spurring rival bids: analysts
Anglo American’s (LSE: AAL) proposed acquisition of Teck Resources (TSX: TECK.A TECK.B, NYSE: TECK) could end up putting both companies in play as rival miners scramble to find large-scale copper assets,…
AI demand seen pushing copper price longer term
The copper price faces short-term headwinds from trade wars and weakening United States consumption, but longer-term demand from artificial intelligence and grid electrification is set to overwhelm supply, Red Cloud…
Anglo, Teck strike $50B merger in decade’s top deal
Anglo American (LSE: AAL) is acquiring Teck Resources (TSX: TECK.A TECK.B, NYSE: TECK), Canada’s largest diversified miner, in a $50-billion (C$69-billion) all-share deal that would create the world’s fifth-largest copper…
KoBold Metals granted DRC lithium exploration rights
KoBold Metals, the U.S.-based explorer backed by billionaires including Jeff Bezos and Bill Gates, has secured seven new permits to search for lithium and other critical minerals in the Democratic…
Apache fight with Resolution Copper reshapes land talks
Experts warn the legal battle over the Resolution Copper project in Arizona could alter how miners negotiate with Indigenous communities about disputed lands in the Southwestern United States. The planned…
Peabody nixes $3.8B Anglo coal deal
Anglo American’s (LSE: AAL) efforts to streamline its business have hit a major roadblock after Peabody Energy (NYSE: BTU) scrapped a $3.8-billion (C$5.27-billion) deal to acquire its Australian metallurgical coal…
Top 10: Down Under giants adapt to global shifts
In The Northern Miner’s annual look at the world’s largest miners, Australia always figures prominently. This is third in a series after Canada and the United States. The southern continent’s…
Canada’s Voisey’s Bay, Sudbury expansions boost Vale nickel, copper output
Vale’s (NYSE: VALE) Canada operations led its second-quarter performance with a 44% rise in nickel output at Voisey’s Bay in Labrador and higher output at its Sudbury operations. Nickel sales…
Botswana seeks control of De Beers
Botswana is pushing to take control of De Beers as Anglo American (LSE: AAL) prepares to sell the diamond company. Duma Boko, president of Botswana, is determined to increase the…
G Mining wins Brazil court approval
G Mining Ventures (TSX: GMIN; US-OTC: GMINF) has scored a legal victory in Brazil that grants it permission to advance the Gurupi gold project. A federal agrarian court in Maranhão,…