Mining majors chase scale despite failed megadeals
MINING companies are doubling down on mergers, joint ventures and partnerships as soaring project costs and geopolitical pressure make scale increasingly critical, Reuters…
Gold Fields goes hostile in $27bn Northern Star takeover
GOLD Fields confirmed today that Northern Star Resources had rejected its A$38.7bn ($27bn) cash-and-share takeover proposal, but said it intended to press on with its efforts to…
Why Gold Fields is keen on Australia’s Northern Star
WHY would Gold Fields want to buy Northern Star Resources, Australia’s 1.5 million ounce-a-year gold miner, as reported by Bloomberg News on Saturday? Neither company had…
Gold Fields eyes Northern Star takeover – report
GOLD Fields has approached Northern Star Resources about a potential takeover, said Bloomberg News citing people with knowledge of the matter. A deal with Northern Star would…
Recovery at Gold Fields masked by permitting woes
IS Gold Fields being unfairly penalised for its struggles with regulators? Yes, in the view of analysts who say the firm’s lagging share price performance is at odds with its…
Lithium miners cash in as battery storage lifts demand
LITHIUM producers from China to Australia have reported sharply higher profits as rising battery-storage demand lifted prices for the metal, Bloomberg reported. Chinese producers…
South32 profits surge as reshaped portfolio delivers
South32 cracked it in the year to end-June more than doubling operating profit from continuing operations and declaring a 5.4 US cents final dividend which boosted the total…
Gold Fields flags Ghana risk as profits surge
Gold Fields has warned that uncertainty over the renewal of mining leases at its Tarkwa mine in Ghana could have a “material and adverse” impact on the company. This caution…
Diamonds to stay in Anglo Teck until anti-trust approval
IT was goodbye. As chair Stuart Chambers opened the interim results presentation recently for Anglo American, which is due to merge with Canada’s Teck Resources, he said: “I have…
Gold Fields: Salares Norte shines but Windfall capex at risk
SALARES Norte, a mine high up in Chile’s Atacama desert, was the bane of Mike Fraser in his first year as CEO of Gold Fields. This year, however, it is promising to be his…
South32’s long road from ‘crapco’ to copper
MATT Daley, the Australian-born CEO of South32, takes over a company far simpler in structure than the demerged assets bequeathed to his compatriot, Graham Kerr. When Kerr made…
South32 waiting for IDC to play hand in Mozal sale
SOUTH32 is waiting for firm proposals from minority shareholders in Mozal Aluminium before progressing recently hatched plans to sell the 370,000 ton a year Mozambique smelter.…
Harmony flags protected species find at Eva project
HARMONY Gold said on Tuesday it had paused land clearning at its Eva copper project in Australia’s Queensland state after identifying a protected species. The Johannesburg-listed…
BHP’s new CEO faces costs, strikes and M&A questions
BRANDON Craig takes the helm at BHP on July 1 confronting a demanding agenda that spans cost overruns, threatened industrial action, major capital decisions and a shifting…
Anglo calls for “timely receipt” of permits for Chile copper JV
ANGLO American said today it had finalised an agreement with Chile’s Codelco for the joint development of the Los Bronces and Andina mines. The partners said their joint…
Iran war tightens industrial metals supply outlook
A MAJOR squeeze is emerging across industrial metals markets as the ongoing US-Israeli war against Iran compounds structural supply shortfalls, said the Financial Times on…
Lithium demand forecasts too conservative
EVEN the most optimistic forecasts for lithium demand underestimate the metal’s future, said the Financial Times in a report this week citing the views of Tianqi Lithium CEO,…
Chile clears Codelco-Anglo copper mine venture
CHILE’S antitrust regulator has approved the joint mining plan between state copper producer Codelco and Anglo American at the Andina-Los Bronces project in the Andes mountains…
BHP’s Craig flags discipline over deals in new role
BRANDON Craig, appointed CEO-elect of BHP Group this week, has signalled that organic growth will take precedence over acquisitions as he prepares to take the helm of the world’s…
South32 too risky for predators, says outgoing CEO
AN estimated $34bn in deals has gripped the mining sector since 2024, according to Canadian law firm Dentons. Efforts to consolidate ownership and strip back complicated…