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…
Rio Tinto builds out metals trading arm
RIO Tinto plans to expand its metals trading operations, including buying and selling material from third parties and trading derivatives, Bloomberg reported. The move is part of…
Iron ore majors struggle to replace depleted reserves
THE world’s biggest iron ore producers are depleting reserves faster than they can replace them, Bloomberg reported, citing research by Wood Mackenzie. The trend is pushing up…
Rio Tinto to buy Glencore bauxite project
RIO Tinto has agreed to buy the Aurukun bauxite project in Queensland from Glencore and Mitsubishi Development for an undisclosed sum, Bloomberg reported. The project is close to…
Glencore holds whip hand in Anglo-Teck copper JV
GLENCORE is emerging as the pivotal, and potentially obstructive, party in Anglo American’s attempt to unlock the full value of its $50bn tie-up with Teck Resources, as talks…
Tighter scrutiny won’t derail mining M&A, execs say
REGULATORY scrutiny of major mining mergers is intensifying as governments focus more closely on critical minerals and security of supply amid geopolitical uncertainty, Reuters…
Australia’s largest aluminium smelter secures power to 2038
Tomago Aluminium has secured electricity supply through 2038 under an agreement with the Australian and New South Wales governments. Power for Australia’s largest aluminium…
Trump to meet miners on critical minerals
US PRESIDENT Donald Trump will meet mining executives on Friday as his administration steps up efforts to secure critical mineral supplies from the US and allied countries,…