Anglo posts $3.7B loss on fresh De Beers writedown
Impairment reduces De Beers’ value, bringing total writedowns for the diamond unit to $6.8 billion in 2025.
Iron Ore
Glencore doubles down on copper, keeps M&A in play
Glencore (LSE: GLEN) is stepping up its copper ambitions in the Democratic Republic of Congo and beyond, even as it posted a third straight annual earnings decline, while keeping the…
Podcast: Glencore-Rio Tinto merger challenged by complexity, ft Bloomberg Intelligence’s Olsha
This week’s episode features Alon Olsha, Senior Analyst for Metals & Mining at Bloomberg Intelligence, in conversation with host Adrian Pocobelli about the recent failed merger discussions between Rio Tinto…
BHP leans on copper growth, not big deals
CEO Mike Henry said there’s no urgent need for deals as the company aims for 2.5 million tonnes of copper equivalent annually.
Fortescue rolls out battery trains in Western Australia
Australian iron ore producer Fortescue (ASX: FMG) has commissioned two battery electric locomotives in Western Australia’s Pilbara, marking a key step in its plan to achieve real zero emissions across…
Indaba: New Cold War for minerals tests Africa’s ability to leverage huge resources
Africa’s vast critical-mineral endowment has thrust the continent to the centre of intensifying rivalries between the United States, China and other powers, but its future will depend more on governance…
Opinion: Canadians must match American urgency in the race for critical minerals
In the cavernous halls of the U.S. State Department last week, something unusual was on display: earnest cooperation rather than the usual diplomatic theatre. The inaugural Critical Minerals Ministerial wasn’t…
Zanaga Iron lines up $25M in deal with Red Arc
Zanaga Iron (LSE: ZIOC) has signed a binding term sheet with Red Arc Minerals that could see up to $25 million invested to advance its namesake iron ore project in…
Indaba: Rio ramps up Simandou iron ore output
CAPE TOWN — Rio Tinto (ASX, LSE, NYSE: RIO) is on track to increase high-grade iron ore production from Guinea’s long-delayed Simandou, Africa’s biggest mining and infrastructure project, to more…
Indaba: Mining must be ‘champion’ in fragmented world, Anglo’s Wanblad says
The global mining industry faces its most consequential moment in generations as critical minerals move to the centre of economic and security policy, Anglo American (LSE: AAL; JSE: AGL) CEO…
Rio Tinto, Glencore nix $260B mega-merger
Rio Tinto (ASX, LSE, NYSE: RIO) and Glencore (LSE: GLEN) have scrapped plans for a $260-billion merger that would have created the world’s largest mining company. In a statement on Thursday,…
High metal prices don’t equal more demand: BMO
Metals demand in the global industrial economy has been soft since November, despite rising prices across most metals over the past year and manufacturing expansion at its highest level since…