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.
Articles by Cecilia Jamasmie
Panama’s president blames previous gov’t for First Quantum mine crisis
Panama’s President José Raúl Mulino has strongly condemned the previous government for its mismanagement of the crisis surrounding First Quantum Minerals’ (TSX: FM) US$6.5-billion Cobre Panama copper mine. The operation,…
Northvolt CEO steps down after bankruptcy filing
The chief executive of Northvolt, Peter Carlsson, has quit just 24 hours after the Swedish battery maker filed for Chapter 11 bankruptcy protection in the United States, in a major…
UK gov’t finds Glencore fell short of business guidelines in Chad
Case centres on a 2018 toxic spill at the Badila oilfield, equivalent in volume to 34 Olympic-sized swimming pools.
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…
Akobo Minerals’ Segele gold mine opens in Ethiopia
Scandinavian junior Akobo Minerals (US-OTC: AKOBF; FRA: 643) officially opened on Wednesday its Segele gold mine about 700 km southwest of Addis Ababa, marking a milestone in Ethiopia’s developing mining…
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…
Orla Mining expands to Canada with US$850M Newmont mine buy
Orla Mining (TSX: OLA) is buying Newmont’s (NYSE: NEM) Musselwhite gold mine in Ontario for US$850 million, enabling it to more than double production of the precious metal as prices…
Antofagasta propels green energy with South America’s first hydrogen-powered locomotive
Chile-focused Antofagasta (LSE: ANTO) aims to become the first mining company to use a hydrogen-powered locomotive in South America. It’s part of the copper producer’s efforts to develop alternatives 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…