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…
Australia, NZ & South Pacific
Anglo American sells coal mines to Peabody for US$3.8B
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
Mining’s old guard needs strong medicine
MINING.COM’s ranking of world’s 50 most valuable miners enjoyed a combined market capitalization of US$1.51 trillion at the end of Q3, up by single digits since the start of the…
JV Article: Sandvik launches global parental leave program for employees
Swedish multinational engineering company Sandvik, which specializes in mining equipment and component manufacturing, has rolled out a 14-week parental leave program for its employees worldwide. The program provides 90% of…
‘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…
Marvel Gold’s sale of Mali assets falls through
Australia’s Marvel Gold (ASX: MVL) announced on Wednesday that the planned sale of its gold projects in Mali will not proceed as intended due to recent developments affecting miners operating…
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…
Sayona, Piedmont to create lithium giant in US$623M merger
Australia’s Sayona Mining (ASX: SYA) is buying U.S.-based Piedmont Lithium (ASX: PLL; NASDAQ: PLL) in an all-stock deal that will consolidate their Canadian operations and boost the merged firm’s exposure to the…
Forrest’s Wyloo Metals casts doubt over future of Aussie rare earths hopeful
A dispute is brewing between junior rare earth developer Hastings Technology Metals (ASX: HAS) and its funding partner, Andrew Forrest’s private investment vehicle Wyloo Metals. Hastings said it received a…
Exploration spending to stay flat despite Trump pledges, strong gold prices, S&P says
The amount spent to find new mineral sources may grow little next year, even if gold prices continue their record run and President-elect Donald Trump cuts red tape, according to…
Mineral Resources halts Bald Hill mine in Australia amid lithium price rout
Mineral Resources (ASX: MIN), which is rallying from a governance probe involving its founder and former CEO Chris Ellison, will shut its Bald Hill lithium mine in Western Australia immediately due…