Valterra asset level deals most logical option for Northam
IMPALA Platinum and Sibanye-Stillwater distanced themselves from an offer for Northam Platinum on Tuesday, which means Valterra Platinum is the only one likely to have an…
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…
Mozambique mining law risks deterring foreign investors
MOZAMBIQUE’S new requirement for the state to hold a 15% free-carry stake in all mining ventures risks deterring foreign investment, said Reuters citing the Southern African…
Vale sees no evidence of demand destruction from Iran conflict
VALE, the world’s largest iron ore producer, said the Iran conflict had not resulted in any demand destruction in global metals markets, Bloomberg News reported. The Brazilian…
Mozambique mandates 15% state stake in all mines
MOZAMBIQUE’S President Daniel Chapo has signed into law a requirement for 15% state ownership in all mining ventures, along with a ban on exporting unprocessed or semi-processed…
Anglo American iron ore cargoes diverted by Iran war
AT least three iron ore cargoes operated by Anglo American have been diverted mid-voyage as the US and Israeli military campaign against Iran chokes one of the world’s most…
Anglo Teck tipped for rerating as deal logic emerges
FULL marks for Duncan Wanblad’s powers of restraint. In an interview with Miningmx he could not be tempted into sounding a triumphant note notwithstanding the advent of Anglo…
Pope to discuss mining ethics with industry leaders
POPE Leo XIV will host senior mining and energy executives at the Vatican on Saturday (January 31) for discussions on ethical approaches to the resources sector, including BHP…
Rio Tinto beats forecasts amid Glencore merger talks
RIO Tinto delivered stronger-than-expected fourth-quarter production across iron ore and copper operations, marking a positive start for new CEO Simon Trott as the company…
Chinese buyer emerges as iron ore market threat
A BEIJING-backed entity controlling China’s iron ore procurement has emerged as the primary concern for global miners, altering negotiations in the world’s second-most traded…
Glencore bid may trigger mining consolidation wave
PRELIMINARY discussions between Rio Tinto and Glencore over a potential merger could catalyse further consolidation within the mining sector whilst intensifying pressure on BHP…
Vale and Glencore plan Canadian copper venture
VALE and Glencore are considering a joint copper project in Canada as both companies seek greater exposure to a metal expected to face supply shortages as global electrification…
UK court rules BHP liable for Fundao dam collapse
A UK court ruled BHP bears legal responsibility for a dam failure nine years ago in Brazil’s Minas Gerais state, opening the door to claims that lawyers have estimated could…
Teck held merger discussions with Vale unit
TECK Resources conducted intermittent merger negotiations with Vale’s base metals division before finalising its agreement with Anglo American, said Bloomberg News citing people…
Guinea targets premium prices for Simandou iron ore
GUINEA intends to maintain elevated prices for premium iron ore as its Simandou project prepares to ship its first cargoes this month, said Reuters quoting senior officials of…
BHP said to be closing in on first female CEO
GERALDINE Slattery is in line to become the first female CEO in BHP’s 140-year history after emerging as the leading candidate to succeed Mike Henry, said the Financial Times in…
Anglo finalises copper JV with Chile’s Codelco
ANGLO American and Chile’s Codelco announced today they had reached a final agreement for the joint development of their mines Los Bronces and Andina. The partners said their…
BHP projects image of calm as M&A gyrations begin
IT has been three years into a copper price bull run, yet it’s surprising how troubled some of its largest producers are. Rio Tinto, Anglo American and Glencore, accounting for…
Griffith the latest talent to swim free of Vedanta’s grasp
THE departure of Chris Griffith, former CEO of Anglo American Platinum (Amplats), from Vedanta this month is the latest in a series of setbacks for the Indian miner. It has a…
Cutifani steps down as Vale Base Metals chair
MARK Cutifani is stepping down as chair of Vale Base Metals after two years amid a possible listing of the copper and nickel business which parent company Vale is considering,…