Resigning Rio CEO asserts company unity
Rio Tinto’s (NYSE, LSE, ASX: RIO) departing CEO Jakob Stausholm says he hasn’t fallen out with chairman Dominic Barton despite Reuters citing unnamed company officials to the contrary. Management and board…
Articles by Cecilia Jamasmie
Abu Dhabi’s IRH spends $500M to control Alphamin tin
Abu Dhabi’s International Resources Holding (IRH) is acquiring a majority stake in Alphamin Resources (TSXV: AFM) to access the Bisie tin mine, one of the world’s largest and highest-grade deposits…
First Quantum faces $20M monthly bill in Panama
First Quantum Minerals (TSX: FM) will spend about $20 million a month to maintain its idled Cobre Panamá copper mine under a recently approved care and maintenance plan. Roderick Gutiérrez,…
SolGold to quit Toronto exchange, eyes ASX
Ecuador-focused SolGold (LSE, TSX: SOLG) has applied to voluntarily delist its ordinary shares from the Toronto Stock Exchange on June 18 because the amount of trading doesn’t warrant the cost….
Ioneer quadruples Nevada project reserves, costs double
Australia’s Ioneer (ASX: INR) has quadrupled ore reserves at its Rhyolite Ridge lithium-boron project in Nevada, sharply increasing both the project’s mine life and its development cost. The company’s flagship…
AngloGold sells Brazil mine to Aura for $76M
AngloGold Ashanti (NYSE: AU; JSE: ANG) is selling its stake in Mineração Serra Grande (MSG) gold mine in central Brazil to Latin America-focused Aura Minerals (TSX: ORA) for $76 million….
Paladin faces second lawsuit over uranium forecast
Australia’s Paladin Energy (ASX: PDN) is facing the prospect of a second class action lawsuit tied to its production guidance. The new legal action, if initiated, would unfold in the…
Panama OKs First Quantum’s copper mine care plan
Panama has approved First Quantum Minerals’ (TSX: FM) maintenance plan for the shuttered Cobre Panama copper mine, clarifying that this does not signal a restart of operations. Trade and Industry…
Is Glencore’s $22B asset shift a prep for Rio merger?
Glencore (LSE: GLEN) has transferred almost $22 billion in foreign assets into its Australian subsidiary in a sweeping global restructuring that could lay the groundwork for a future merger with…
Diamond mining industry cracks under pressure
The global diamond industry is rapidly collapsing, with plunging revenues, halted operations, and doubts about its relevance.
Anglo American’s platinum spinoff debuts as Valterra
Valterra Platinum (JSE: VAL), formerly Anglo American Platinum (Amplats), began trading as a standalone entity on the Johannesburg Stock Exchange on Wednesday, marking the official demerger from parent company Anglo…
Harmony Gold buys MAC Copper for $1B
Harmony Gold (JSE: HAR; NYSE: HMY), South Africa’s top gold producer by volume, has agreed to acquire MAC Copper (ASX: MAC; NYSE: MTAL) for $1.03 billion, accelerating its strategic shift…