BHP walks away from $49bn pursuit of mining rival Anglo

Mining group BHP Group on Wednesday walked away from its $49-billion plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit.... 

Botswana wants quick separation of De Beers from Anglo, President says

Botswana is hoping for a quick separation of De Beers from the Anglo American group before the UK-listed diversified mining giant is exposed to a possible hostile takeover, President Mokgweetsi... 

BHP seeks extension as crunch time for $49bn Anglo bid approaches

BHP Group on Wednesday asked for more time to try to win over takeover target Anglo American, hours before a deadline for the world's biggest miner to firm up its $49-billion offer for its smaller... 

Indonesia buying record amounts of Philippine nickel ore due to quota delays, sources say

Top nickel producer Indonesia has bought record volumes of nickel ore from the Philippines since April as smelter demand increases, while delays by Jakarta in issuing mining quotas and heavy rains... 

DR Congo names new government after months of delay

Democratic Republic of Congo has appointed a new government, spokesperson Tina Salama said in the early hours of Wednesday, ending an impasse that has mired the country in political uncertainty for... 

BHP, Anglo dig in even as takeover talks deadline nears, sources say

BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as a deadline nears for the world's biggest miner to submit a... 

Poland's PGE would like spin-off of coal assets to happen in 2025

Polish utility PGE would like the planned spin-off of its coal assets to happen in 2025, CEO Dariusz Marzec said during a press conference on Tuesday. Once PGE completes the conceptual and... 

Berkeley seeks $1bn in damages from Spain over uranium mine dispute

Australian mining group Berkeley Energia said on Tuesday it had filed a request for an arbitration to seek $1-billion in damages from the Spanish government after it refused to give final approval... 

Post-Covid, China is back in Africa and doubling down on minerals

China's flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus, according to a Reuters analysis of lending, investment and trade... 

Vulcan rejects Mexico's 'illegal expropriation' of its investments

US construction company Vulcan Materials on Monday rejected what it considers the "illegal expropriation" of its investments in Mexico and said it remains open to a negotiated solution with the... 

Barrick's Porgera mine in PNG operating without restriction after landslide

The Porgera Mine in Papua New Guinea is running without restriction and has enough fuel on site for 40 days, operator Barrick Gold said on Monday, after a massive landslide struck in the province... 

Five killed after informal gold mine collapses in northern Kenya

At least five people were killed and several others were missing after an informal gold mine collapsed in northern Kenya, officials and local media said. The bodies of five miners have been... 

Uncertainty over coal jobs ahead of South Africa elections

Growing up surrounded by the towering smokestacks of coal-fired power stations, 22-year-old Siya Mokoena's life is inextricably linked to the coal industry that dominates his hometown of Emalahleni... 

Grupo Mexico's Asarco to reopen US copper smelter amid surging prices

Asarco, the mining company controlled by industrial conglomerate Grupo Mexico, is planning to restart its mothballed copper smelter in the United States as prices for the red metal hit record... 

BlackRock encouraged Anglo to extend talks with BHP, source says

Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6-billion pound ($49.18-billion) mining merger, a person... 

Environmental activists sue Norway over seabed mineral plan

Environmental campaigners have filed a lawsuit at an Oslo court challenging Norway's plan for seabed mineral exploration, citing insufficient impact assessment of the mining, the World Wide Fund... 

SQM expects to close Codelco lithium deal by May 31 deadline

Chilean mining company SQM, the world's second-largest lithium producer, expects to meet a May 31 deadline to finalise a joint venture with state-run miner Codelco, SQM's CFO, Gerardo Illanes, said... 

Australian natural gas industry seeks policy repairs to boost investment

Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and... 

Australian state blocks Glencore's carbon storage project over groundwater risk

A Glencore carbon capture and storage project in eastern Australia cannot go ahead because it could irreversibly harm groundwater used by farmers, a state government said on Friday, adding that it... 

Hecla appoints interim CEO as Baker resigns

Silver producer Hecla Mining on Thursday announced the appointment of Catherine Boggs as interim president and CEO with immediate effect, succeeding Phillips Baker, who is stepping down after 23... 

Russia's Nornickel board proposes no dividend for 2023 results

The board of Russian metals and mining giant Nornickel recommended no dividend on its 2023 results, a year when the company faced significant pressure from sanctions restrictions and geopolitical... 

Activist investor asks Rio Tinto to give up its primary London listing

A UK-based activist investor has called for Rio Tinto to abandon its London listing and unify its corporate structure in Australia instead, the Financial Times reported on Thursday. Palliser... 

SQM swings to $870m loss as oversupply sinks prices

Chilean mining company SQM, the world's second-largest lithium producer, on Thursday posted a net loss of $870-million for the first three months of the year, as oversupply of the metal needed for... 

South32's CEO says open to buying joint Anglo manganese assets

Australian diversified miner South32 is open to buying Anglo American's share of two manganese operations the companies jointly own, should they come for sale at the right price, CEO Graham Kerr... 

BHP shares fall after Anglo American rejects proposal

Shares of Australia's BHP Group fell over 3% on Thursday, a day after smaller rival Anglo American rejected its third takeover proposal and agreed to a one-week extension for the deadline to make a... 

First Quantum seeks to speed up Peru projects after Panama debacle

Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void,... 

At least two companies seek Norway seabed mining permits

Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they hope to explore for minerals, in what could be the start of a controversial... 

Top Anglo investor says BHP bid requires 'meaningful revision'

South African state-owned asset manager the Public Investment Corporation (PIC) said on Wednesday that it would require a "meaningful revision" of BHP Group's bid for rival miner Anglo American.... 

Chinese coal group cuts 2024 output forecast

The deputy chairman of the China Coal Transportation and Distribution Association (CCTD) told a seminar on Wednesday that annual output growth would be in a range of -1% to 1% this year, having... 

India's Vedanta Aluminium turning to renewables, not adding coal capacity, CEO says

Indian metals-to-oil conglomerate Vedanta's aluminium business will no longer add coal-fired capacity, its CEO said, in the company's biggest move yet toward renewable energy. Vedanta Aluminium,... 

Congo lawyers say received new evidence on Apple's minerals supply chain

International lawyers representing the government of the Democratic Republic of Congo said on Wednesday new evidence gathered from whistleblowers indicates that Apple is sourcing minerals from... 

BHP-Anglo prospects flag more M&A ahead for miners

BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out,... 

Hudbay to raise $300m in bought deal equity offering

Canadian copper miner Hudbay Minerals plans to raise $300.2-million in an equity offering to help fund near-term growth initiatives at its Copper Mountain unit among other purposes, the company... 

Saudi Ma'aden has extracted lithium from seawater, CEO says

Saudi Arabian Mining Company Ma'aden has successfully extracted lithium from seawater, although not at levels that are commercially viable and its project remains at the pilot stage, its CEO told... 

Peru's 2024 copper target is realistic, mining magnates say

The Peruvian government's 2024 copper production goal of three-million metric tons is realistic, senior industry executives said on Tuesday, as the country seeks to boost mining investments to help... 

Consol Energy resumes shipments from marine terminal in Baltimore

Coal producer Consol Energy said on Tuesday shipments to international markets have resumed from its marine terminal in Baltimore. Coal exports from the busy US port of Baltimore were disrupted in... 

US proposes end to federal coal leasing in Wyoming Powder River Basin

The Biden administration on Thursday proposed an end to future coal leasing on federal lands in Montana and Wyoming's Powder River Basin, the nation's most productive coal-producing region, in part... 

BHP shares hit 3-month high as deadline for formal Anglo bid looms

Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43-billion... 

Dubai mining firm plans to start Argentina lithium production next year

Dubai-based United Mining Projects Corporation (UMPC) plans to begin producing battery-grade lithium in Argentina next year, aiming to deliver 5 000 metric tons in 2027 and double that in 2028, CEO... 

Copper's record run at risk as US shipments calm speculator frenzy

Copper's lightning rally to record highs may not be sustainable in the coming weeks, with action concentrated on the shipment of material to cover exposed short positions in the US Comex futures...