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…
Articles by Cecilia Jamasmie
Miners must invest in critical minerals or risk energy transition
The world’s biggest miners need to aggressively invest in critical metals or will hold back the global energy transition away from fossil fuels, a new report shows. According to PwC’s 19th…
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…
Kinross Gold sells Russian assets at half the agreed price
Kinross Gold (TSX: G; NYSE: KGC) said on Wednesday it had sold its Kupol mine and Udinsk project in Russia to Highland Gold Mining for a total of $340 million in…
Salazar, Adventus earmark $270m for Ecuador copper-gold project
Canada’s Adventus Mining (TSX-V: ADZN) and Salazar Resources (TSX-V: SRL) have reached a preliminary investment protection agreement (IPA) with Ecuador’s government for their Curipamba-El Domo copper and gold project. As part of…
Hudbay Minerals needs US$1.9B for Copper World project in Arizona
Canada’s Hudbay Minerals (TSX: HBM; NYSE: HBM) unveiled Wednesday a preliminary economic assessment (PEA) for its Copper World Complex in Arizona, which includes recently discovered deposits at the property as well as the…
Savannah Resources’ lithium mine caught in Portugal’s red tape
Savannah Resources (AIM: SAV), the company building western Europe’s largest lithium mine, said on Wednesday it sympathized with shareholders’ frustration regarding the time Portugal has taken to review its application,…
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…
Toronto Exchange to launch battery metals index
Canada’s Toronto Stock Exchange will launch on Tuesday a battery metals index to support the critical minerals sector and offer insights into the energy transition. The S&P/TSX Battery Metals Index…
Asante Gold starts Bibiani mine processing plant
Canada’s Asante Gold (TSXV: ASE; US-OTC: ASGOF) has begun operations of the processing plant and associated equipment at its Bibiani gold mine in Ghana. The gold exploration and development company plans to…
Adventus, Salazar granted ESIA for copper-gold project in Ecuador
Salazar Resources (TSX-V: SRL) and Adventus Mining (TSX-V: ADZN) continue to expand their footprint in Ecuador with the government approving the environmental and social impact assessment (ESIA) for their Curipamba-El…
Gold Fields to become world’s No. 4 gold miner with US$6.7B Yamana Gold buy
South African miner Gold Fields (NYSE: GFI; JSE: GFI) is buying Canada’s Yamana Gold (TSX: YRI; NYSE: AUY) in an all-share deal worth US$6.7 billion, which will make it the…