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…
Australia, NZ & South Pacific
Australia’s Genesis expands in Laverton with US$449M Magnetic Resources buy
Australian gold miner Genesis Minerals (ASX: GMD) is expanding its footprint in the Laverton gold district with the acquisition of Magnetic Resources (ASX: MAU) in a cash-and-stock deal valued at…
Bullion rally has legs, Scotiabank says
Sustained central bank buying, heightened geopolitical uncertainty and rising investor flows into exchange traded funds are some of the main factors that could keep propelling gold higher over the coming…
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…
JP Morgan sees $5.50 copper, deficit worsening
J.P. Morgan has raised its long-term copper price forecast by 9.1% due to widening structural supply deficits and sharply higher capital costs that will require massive investment in new mine…
Australia’s St Barbara unveils bold Canadian push
Australia’s St Barbara (ASX: SBM) has unveiled an aggressive exploration strategy in Nova Scotia, Canada, as it advances plans to redevelop its 15-Mile open pit gold mine and processing hub…
Resolute secures Doropo gold mine OK in Côte d’Ivoire
Resolute Mining (ASX: RSG) has secured a 14-year mining permit for its Doropo gold project in Côte d’Ivoire, clearing the final regulatory hurdle to develop the mine and lift the…
BHP selects largest intake for Xplor program
BHP (ASX, LSE: BHP) has selected its largest intake for the annual Xplor program aimed at supporting companies involved in early stages of mineral exploration. The Australian miner announced this…
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,…
Regis revives McPhillamys after gold rally
Australian gold miner Regis Resources (ASX: RRL) has moved to revive its stalled McPhillamys gold project in New South Wales by seeking approval for a new waste storage design after…
Fitch Solutions’ BMI boosts industrial metals forecasts
Analysts at Fitch Solutions’ BMI have lifted their price forecasts for industrial metals to reflect the speculative momentum in the sector as well as strong market fundamentals and macroeconomic forces….