Rio Tinto-Turquoise Hill takeover vote set for Dec. 9
Turquoise Hill Resources (TSX: TQR) has set Dec. 9 as the date its shareholders will finally vote on the proposed US$3.3-billion takeover of the company by Rio Tinto (NYSE: RIO;…
Asia
World to face 8-million tonne copper deficit by 2032, Codelco warns
Codelco, the world’s biggest copper producer, warned on Thursday that global shortages of the metal may reach 8 million tonnes by 2032, as soaring demand continues to offset the number…
US Markets inch lower over Nov. 14-18 trading week
U.S. markets showed a modest decline over the Nov. 14-18 trading week as mixed data on inflation and retail sales were balanced by positive earnings in both the consumer cyclical…
Anglo American greens Australia operations
London-based multinational Anglo American (LSE: AAL) has reached an agreement with the Queensland government to supply all of its Australian power needs from wind and solar generation by 2025 and…
Wealthiest nations offer Indonesia $20B to wean it off coal
Rich nations led by the U.S. and Japan have pledged to give Indonesia a US$20-billion package to help the coal-dependent country shift to renewable energy and reach carbon neutrality by…
TNM Drill Down: Top gold assays for the week of Nov. 4-10, 2022
Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our…
Japan Gold drills to revive nation’s mostly-dormant gold mining industry
High-tech manufacturing, beautiful art and good food are a lot more commonly associated with Japan than gold.But Vancouver-headquartered explorer Japan Gold (TSXV: JG) might be a catalyst to start shifting…
Cascading battery metal supply crunch to get serious from 2024, analysts forecast
Increasing consumption will outstrip the mining industry’s ability to ramp up supply, resulting in commodity deficits as early as 2024, a new analysis by S&P Global has found. The report,…
Rio Tinto’s takeover of Turquoise Hill indefinitely on hold as Quebec regulator steps in
Canada’s Turquoise Hill Resources (TSX: TQR) is indefinitely postponing a shareholders vote on the proposed US$3.3-billion takeover of the company by Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) as…
WGC calls miners to plan for further climate change risks
The World Gold Council (WGC) is urging bullion miners to implement more consistent, systematic planning and wider collaboration, including closer engagement on risks with local communities, to deal with climate-related…
Canada draws a line on critical minerals, but leaves unanswered questions
Less than a year after the federal government approved the takeover of Neo Lithium by China’s Zijin Mining without a full national security review under the Canada Investment Act, it…
Barrick falls to new 12-month low as Q3 profit drops on lower output, higher cost
Canada’s number-one gold producer Barrick Gold (TSX: ABX; NYSE: GOLD) has reported a sharp drop in third-quarter earnings as lower production and higher costs weighed on its September-quarter financial results….