Diamond miners face turning point amid weak prices: report
The diamond industry, once a symbol of timeless stability, finds itself in a state of flux as prices for natural diamonds hit multiyear lows, driven by a mix of evolving…
Intelligence
‘I hate what I’ve done,’ beleaguered Ellison tells MinRes shareholders
Chris Ellison, founder and CEO of the embattled mining and contractor Mineral Resources (ASX: MIN), broke his silence today following a governance scandal that erupted last month. Earlier this month,…
Marimaca eyes ASX dual listing to boost Chile project
Marimaca Copper (TSX: MARI) has begun the process to dual list on the Australian Securities Exchange, a strategic move to boost growth and access to capital as it advances its…
BHP to spend up to US$14B in Chilean copper expansion
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has outlined its ambitious plans to boost copper production in Chile, aiming to increase output by 430,000 to 540,000 tonnes per year based…
Friedland mulls listing African iron ore company on ASX
Mining magnate Robert Friedland is said to be planning to list his privately owned iron ore company, Ivanhoe Atlantic, on the Australian Securities Exchange (ASX) next year. The move, the…
MinRes founder Ellison forced out amid governance scandal
Chris Ellison will leave within 18 months as the board found he used company resources for his personal benefit and evaded taxes.
Sibanye liable to pay Appian damages for scrapped mine deals
Private equity firm Appian Capital Advisory has scored a big win after the U.K. top court ruled that Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) had to pay the London-based investment firm…
Rio Tinto confirms talks to buy Arcadium Lithium — but not the price
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has made an approach to buy Arcadium Lithium (NYSE: ALTM; ASX: LTM), the two sides confirmed on Monday, following market speculation over…
AngloGold Ashanti to buy Centamin for US$2.5 billion
Deal hands AngloGold Egypt’s largest and first modern gold mine, and will make it the world’s no.4 producer of the precious metal.
Escondida workers reject BHP offer that includes US$28,900 per-worker bonus
Workers at BHP‘s (NYSE: BHP; LSE: BHP; ASX: BHP) Escondida copper mine in Chile downed tools on Tuesday after wage negotiations ended up without and agreement between the parties, despite…
Gold Fields to buy Osisko in US$1.6B cash deal
South Africa’s Gold Fields (NYSE: GFI; JSE: GFI) is buying Canada’s Osisko Mining (TSX: OSK) in a deal valued at $2.1 billion (US$1.6 billion) as record-breaking prices for the precious…
Glencore scraps coal exit plan on investors’ pressure
Glencore (LSE: GLEN) followed shareholder opposition and scrapped on Wednesday plans to separate its coal division, which it had announced following its acquisition of assets last year from Teck Resources…