Rio Tinto open to major acquisitions to meet copper goals
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) said on Wednesday it would contemplate a significant copper acquisition if it added exceptional value, but noted that buying quality assets in…
Australia, NZ & South Pacific
BHP, Lundin grab Filo in US$3B South American copper deal
Mining giant BHP (NYSE: BHP; LSE: BHP; ASX: BHP) and Canada’s Lundin Mining (TSX: LUN) have teamed up to acquire South America-focused Filo Corp. (TSX: FIL), in a US$3-billion ($4.1…
Video: Mining faces cash crunch following decades of neglect, Grosskopf says
Undervaluation remains a persistent issue for mining companies, particularly juniors, compared to other sectors like technology and biotech, SCP Resource Finance chairman Peter Grosskopf said in an interview this month….
Fission deal key to Paladin Energy’s plan to help plug uranium supply gap
Just months after rejoining the uranium producers’ club with the March restart of its Langer Heinrich mine in Namibia, Paladin Energy (ASX: PDN; US-OTC: PALAF) has set its sights on…
Horizon Minerals to become Australia’s newest gold producer
Horizon Minerals (ASX: HRZ) is going ahead with development of the Boorara gold mine in Western Australia, located only 10 km east of Northern Star Resources’ Super Pit gold mine,…
Video: ‘Big bang’ in commodity demand set to lift miners, Prins says
Global miners are set to benefit from rising needs for “real assets,” Nomi Prins, a macroeconomist and author of the newsletter PrInsights Global, says in a new interview. Global geopolitical…
BHP’s Spence copper mine in Chile now fully autonomous
BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) Spence copper mine in Chile has celebrated three months of being the company’s first fully autonomous operation, a status reached in April after…
Big Oil seizes lithium opportunities
Mining companies could benefit in cash and technology as major fossil fuel companies such as ExxonMobil (NYSE: XOM), Occidental Petroleum (NYSE: OXY) and Equinor (NYSE: EQNR) invest in lithium, a potential lifeline amid…
Australia rejects Rio Tinto unit’s uranium mine lease renewal
Decision ends a decades-long dispute over Jabikula, one of the world’s largest untapped deposits of high-grade uranium.
Video: Paladin eyes ‘world-class’ Fission asset amid growing uranium demand
In June, Australia’s Paladin Energy (ASX; PDN; US-OTC: PALAF) launched a $1.1-billion all-share bid for Fission Uranium (TSX: FCU; US-OTC: FCUUF) and its “world-class” Patterson Lake South project in Saskatchewan. …
BHP’s Jansen potash mine passes halfway mark on way to 2026 production
BHP (NYSE: BHP; LSE: ASX; ASX: BHP) says the first phase of its massive Jansen potash mine in Saskatchewan has surpassed the halfway point of construction. The world’s biggest miner…
Karora shareholders back Westgold Merger
Shareholders of Canada’s Karora Resources (TSX: KRR; US-OTC: KRRGF) have voted nearly unanimously in favour of a A$1.23 billion (US$817 million) acquisition by Australia’s Westgold Resources (ASX: WGX). The final…