Botswana threatens break-up with De Beers in push for better deal
Botswana may not renew a five-decade sales agreement with De Beers if the diamond producer doesn’t offer a larger share of rough diamonds to the state’s gem trading company, Okavango…
Articles by Cecilia Jamasmie
Glencore sweetens offer for Teck with US$8.2B cash incentive
Glencore (LSE: GLEN) is stepping up efforts to take over Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) by adding a US$8.2-billion cash component to its original US$23-billion bid for Canada’s largest…
Glencore to open lithium batteries recycling plant in Spain and Portugal
Swiss miner and commodities trader Glencore (LSE: GLEN) is joining forces with waste management services provider FCC Ámbito and Spanish energy firm Iberdrola to offer lithium-ion battery recycling services in Spain…
One of Teck Resources’ top investors backs separation plan
Egerton Capital UK, one of Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) top investors, has committed to support the Canadian miner’s intention to separate its base metals and coal businesses and…
Teck Resources calls Glencore bid a ‘non-starter’ in restructuring push
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) urged investors on Monday to support its plan for splitting into two companies at a vote later this month, adding that Glencore’s (LSE: GLEN)…
Endeavour Silver reports 18% production boost in Q1
Precious metals miner Endeavour Silver (TSX: EDR; NYSE: EXK) has released first quarter production results showing an 18% increase in silver equivalent output compared to the same period last year….
Anglo American to build green hydrogen hub in central Chile
Anglo American (LSE: AAL) has kicked off a program that aims to set a green hydrogen corridor in central Chile to accelerate the decarbonization of the country and transform the…
De Beers finds diamond within a diamond, names it the ‘Beating Heart’
De Beers, the largest diamond producer by value, has unveiled a unique piece it named the “Beating Heart”— a 0.33-carat rough specimen that consists of a diamond within another diamond….
Newcrest, Harmony Gold ink deal to move Wafi-Golpu project forward
Newcrest Mining (ASX, TSX: NCM) and Harmony Gold (NYSE: HMY) said Thursday they have signed a framework agreement with the Papua New Guinea (PNG) government that sets key terms to jointly…
Eldorado secures 80% of Skouries gold-copper project funding
Canada’s Eldorado Gold (TSX: ELD, NYSE: EGO) said on Wednesday it had secured previously announced €680 million (about $999 million) in financing facility for the development of its long-delayed Skouries…
Hochschild Mining walks away from Canadian gold project
Hochschild Mining (LSE: HOC) has informed Skeena Resources (TSX, NYSE: SKE) that it is ending its option to earn a 60% interest in the Canadian miner’s Snip gold project, located…
Biden earmarks US$450M for clean energy projects at coal mines
The United States has set aside US$450 million to advance clean energy projects on current and former mine sites, with special attention to those that can provide new economic opportunities…