Seabed mining body meets amid rising pressure for code
The International Seabed Authority (ISA) kicked off on Monday a two-week meeting expected to be pivotal as the UN body works on the world’s initial regulations for the mining activity,…
Intelligence
Codelco eyes 10% stake in Teck’s QB copper mine
Chile’s state-owned copper giant Codelco is considering acquiring a 10% stake in Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) Quebrada Blanca copper mine, currently held by state mining firm Enami,…
Lithium price surge unlikely to return: Fitch
The lithium market has entered a “new normal” period of stability with sustained price surges a thing of the past, analysts at FitchSolutions BMI said in a webcast Thursday. Falling…
De Beers sales drop to US$315M amid search for new owner
De Beers’ sales of rough diamonds fell for the second time this year, with the Anglo American (LSE: AAL) unit recording a provisional US$315 million, down from US$383 million in…
SQM and Talga team up on Aero lithium project in Sweden
SQM (NYSE: SQM), the world’s second largest lithium producer, has inked an earn-in agreement with battery anode and advanced materials company Talga Group (ASX: TLG) to jointly advance the Aero lithium…
Japan, Chile boost ties in lithium extraction, supply
Japan and Chile have agreed to strengthen cooperation on lithium mining and supply, including deals for Japanese firms’ acquisition of long-term preferential access to the battery metal, in exchange for…
Green Battery, Volt Carbon to jointly develop Quebec graphite project
Canadian explorer Green Battery Minerals (TSXV: GEM) and Volt Carbon Technologies (TSXV: VCT) have inked an agreement to co-develop the Berkwood graphite project, in northern Quebec. Volt Carbon has an option…
Botswana in talks to raise stake in De Beers
Botswana confirmed on Monday market rumours that it plans to increase its shareholding in De Beers, as parent company Anglo American (LSE: AAL) prepares to spin off or sell the…
Billions in African gold smuggled to UAE: report
As much as US$35 billion worth of gold produced by artisanal and small-scale mining in Africa, the world’s top bullion producing continent, goes undeclared and then smuggled out, a report…
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…
Rio Tinto faces pressure to leave London exchange
Rio Tinto (ASX: RIO; LSE: RIO; NYSE: RIO) should switch its primary listing from the London stock market to Australia’s, a move that could boost the miner’s share price by…
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…