Evolution Mining drags Aussie gold peers down after downgrade
Shares in Australian gold producer Evolution Mining (US-OTC: CAHPH; ASX: EVN) cratered on Monday after it downgraded its forecast gold production for the year to June 30 and shelved a…
Australia, NZ & South Pacific
Australia-based lithium supplier to Tesla targets first shipment by year-end
Australia’s Core Lithium (ASX: CXO), which counts electric vehicles giant Tesla among its future costumers, is planning to send its first shipment of the key battery material by the end…
Glencore trading profit poised for best-ever year
Glencore (LON: GLEN) said on Friday that the first-half year profit from its commodities trading unit is on track to achieve its annual earnings target in the first six months…
BHP to shut Mt Arthur coal mine as buyers walk
BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) planned exit from thermal coal has been modified as the company has decided to keep its Mount Arthur mine, New South Wales’ largest…
PDAC 2022: Investment bankers see capital returning to mining – once market risks abate
Despite strong commodity prices, money has not been flowing into the mining sector — and that is likely to be the case as long as market volatility and uncertainty continue,…
PDAC 2022: Rio Tinto unveils changes following workplace survey that uncovered racism, harassment
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is designing new reporting mechanisms for its employees and training modules for top leaders to spot “unacceptable” behaviours in the workplace, the…
Yancoal Australia rejects US$1.8B takeover bid from China’s Yankuang
Yancoal Australia (ASX: YAL) rejected on Tuesday a US$1.8-billion takeover bid from its largest shareholder, saying that both the value and the proposed structure of the deal were not in…
One way or another, energy transition factors into spring elections
Over two weeks in late May into early June, three important mining districts are going to the polls, with mining and climate change set to influence outcomes to varying degrees….
B2Gold to buy Aussie junior Oklo Resources
Canada’s B2Gold (TSX, NYSE: BTO) is buying Australian explorer Oklo Resources (ASX: OKU) in a deal valued at A$90 million (US$64 million) or 17.25¢ per share, representing a 127% premium on…
BHP to speed up Jansen potash mine as Ukraine war weighs on supplies
BHP’s (NYSE: BHP; ASX: BHP) chief executive Mike Henry wants to gear up on the company’s US$5.7 billion Jansen potash project in Canada as Russia’s invasion of Ukraine has caused…
Plunging metals prices expected to rebound in H2 – report
Enduring Covid-19-linked lockdowns in the world’s largest metal consumer, China, are negatively impacting demand from end-use industries and sentiment towards the complex, resulting in lower metals prices, a new report…
ESG standards’ Indigenous blind spot could threaten critical metals push
The Global Reporting Initiative is an ESG standard used by the vast majority of the world’s largest public companies to disclose their environmental, social and governance risks. But it only…