Rio Tinto to miss 2025 emissions cuts targets
The world’s second largest miner won’t be able to achieve a targeted 15% carbon emissions reduction by 2025, unless it uses carbon offsets.
Australia, NZ & South Pacific
Albemarle moves ahead with Kemerton plant expansion
It has awarded a A$200 million ($135m) contract to engineering company Monadelphous Grouppertaining.
South32 takes US$1.3B charge on Arizona project
Australia’s South32 (ASX: S32; LSE: S32) announced on Monday a US$1.3 billion ($1.7 billion) non-cash impairment expense on its Hermosa zinc-lead-silver project in southern Arizona, which will be reflected in…
Slowing global trade will make fighting climate change harder, says BHP exec
Mega-miner BHP takes a longer view than most. The Melbourne-based company, with copper, iron ore, coal and nickel mines in Australia and South America, looks at broad global trends that…
Let business lead on energy transition, AusCan Forum hears, while Trudeau touts values
The world has a long way to go to meet net zero emissions targets, but resource-rich Australia and Canada are both well-positioned to help make it happen. During the 8th…
MinRes backs out of Chinese investment deal with Albemarle
Australia’s Mineral Resources (ASX: MIN) has pulled the plug on a billion-dollar deal that would have seen it acquire a stake in downstream assets in China owned by lithium giant…
Canada’s regulator clears Newmont’s acquisition of Newcrest
Mining giant Newmont (NYSE: NEM) said on Tuesday the Canadian Competition Bureau had cleared the company to proceed with its intended acquisition of Australia’s Newcrest Mining (ASX: NCM; TSX: NCM)….
TNM Drill Down: M3 Mining reports ‘spectacular’ gold hit at Edjudina
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our data provider Mining…
TSX books solid rise over July 10-14 trading week
Over the July 10-14 trading week, the S&P/TSX Composite Index advanced 451.38 points or 2.3% to 20,262.07. The S&P/TSX Global Mining Index rose 6.28 points or 6% to 110.58 and…
Rio Tinto grabs stake in graphite-focused Sovereign Metals
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) agreed on Monday to buy a 15% stake in Australia’s Sovereign Metals (LSE: SVML; ASX: SVM) for A$40.4 million (US$27.6 million), becoming a…
Video: Joe Mazumdar spotlights critical minerals and supply chain security
A recent industry conference heard Exploration Insights newsletter writer and analyst Joe Mazumdar warn that a blind rush toward carbon neutrality by 2030. He told The Mining Investment Event in…
Fortescue Metals says founder’s split with wife won’t affect miner
Australian iron ore miner Fortescue Metals Group (ASX: FMG) said on Thursday the breakdown of executive chairman Andrew Forrest’s marriage will have no impact on the couple’s mining business or…