Guinea junta halts Rio Tinto’s Simandou project
Guinea’s ruling junta has ordered a full halt of Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) vast Simandou iron ore project in the country’s southeast, with interim president Mamady…
Australia, NZ & South Pacific
Rio Tinto cuts ties with Russian businesses over Ukraine war
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has become the first major mining company to announce it was cutting all ties with Russian businesses, joining a massive exodus of…
Women in mining still facing bullying, discrimination – report
Women working across the resource industry continue to face challenges around bullying, discrimination and inequitable treatment, a new report by the Australasian Institute of Mining and Metallurgy (AusIMM) shows. According…
Russia-Ukraine tension may give rise to a new commodity world order
The Russian invasion of Ukraine has the potential to establish a new commodity world order that tilts reliable supply toward North America, Bloomberg Intelligence says in a research note. Analyst…
GMS: Mark Cutifani talks up Anglo American’s future-facing metals strategy
Anglo American (LSE: AAL; US-OTC: NGLOY) is charting a future-facing path forward by strategically positioning its diversified portfolio of mines to service the emerging energy revolution, CEO Mark Cutifani told…
New Agnico Eagle positioned for growth, says chairman Sean Boyd
A little more than two weeks following the closure of the $10 billion merger of Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold, Agnico’s new CEO Tony…
Perseus Mining becomes sole owner of Orca Gold in $198M deal
Australian gold producer Perseus Mining (TSX: PRU; ASX: PRU) is buying the shares it doesn’t already own in Africa-focused Orca Gold (TSXV: ORG) in an all-stock deal worth $198 million…
Anglo American posts record profit, more than triples payout
Anglo American (LSE: AAL) joined a growing list of miners that have delivered record profits this week, with full year earnings of US$20.6 billion and a US$2.1-billion final dividend, on…
In charts: Copper project pantry bare from 2025
Bank of America (BofA) Global Research analysts expect the copper market to flip back to a deficit from 2025 onwards following the completion of the current wave of project buildouts,…
South32 completes Sierra Gorda stake buy
South32 (LSE: S32; ASX: S32; JSE: S32) has completed the acquisition of a 45% stake in the Sierra Gorda copper mine in Chile from Japan’s Sumitomo Metal Mining and Sumitomo…
Resolute Mining ups Mali gold project resource estimate by 40%
Resolute Mining (ASX: RSG; LSE: RSG) has increased the measured and indicated resource estimate for its Tabakoroni gold deposit in Mali by 40%. The Western Australia-based miner said the asset,…
Gates, Bezos-backed firm gets cash injection to find battery metals
KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has raised $192.5 million in its latest financing round, which will allow it to speed…