Metal

Workers at BHP’s Escondida copper mine in Chile are set to strike starting Tuesday after unsuccessful negotiations with the company. The union representing approximately 2,400 workers announced that there were no “substantive” advances during five days of government-mediated talks. The strike is scheduled to begin at 8 a.m. local time (1200 GMT). The union stated, […]

Jinteng Mining, a subsidiary of Zijin Mining Group, has initiated a judicial review against the Canadian government’s decision regarding the sale of a gold mine in Peru. The review targets the order from Minister Francois-Philippe Champagne, which called for a national security review of Jinteng’s acquisition of Pan American Silver Corp’s gold asset for $245 […]

Gold Fields Ltd has announced its agreement to acquire Osisko Mining for C$2.16 billion (approximately $1.57 billion). The Johannesburg-based gold producer will pay C$4.90 per share, representing a 55% premium over Osisko’s trading price as of August 9. This acquisition is aimed at strengthening Gold Fields’ presence in the Americas, where it already operates mines […]

BHP, Rio Tinto, and Qantas have announced a joint investment of A$80 million (approximately $52.7 million) in an Australian carbon credits fund focused on land reforestation projects. This initiative aims to support the generation and management of Australian Carbon Credit Units (ACCUs) through reforestation efforts. Managed by Silva Capital—a collaboration between Roc Partners and C6 […]

Barrick Gold has reported a second-quarter profit that exceeded Wall Street estimates, driven by higher gold and copper prices alongside robust production levels. The company’s U.S.-listed shares saw a 2.1% increase in pre-market trading. The rise in gold prices, which jumped 19% to an average of $2,344 per ounce, and a 22% increase in copper […]

Indian steelmakers are urging the government to relax proposed import restrictions on metallurgical coke, a crucial component in steel production. According to a letter from the Indian Steel Association, these curbs could hinder the capacity expansion of steel mills. In April, India proposed a country-specific import quota limiting annual imports of low ash metallurgical coke […]

Whitehaven Coal announced that Australia’s high court has dismissed a green group’s request to appeal a judgment concerning the climate change effects of coal emissions related to its Narrabri Stage 3 project. The Environmental Council of Central Queensland (ECCQ) sought to challenge a decision made by the Full Federal Court in May, which had already […]

BHP Group plans to reopen its Cerro Colorado copper mine in Chile by the end of the decade, according to a report from local outlet La Tercera. This move signals BHP’s commitment to enhancing its copper production capabilities amid increasing global demand for the metal.

The United States has expanded its import bans, targeting five additional Chinese companies due to alleged human rights abuses linked to the Uyghur population. This action is part of a broader effort to eliminate goods produced with forced labor from the U.S. supply chain. The companies affected include Hong Kong-based Rare Earth Magnesium Technology Group […]

The Australian lithium industry is experiencing significant challenges as producers, including Arcadium Lithium, reassess operations due to a sharp decline in spodumene prices. On Wednesday, Arcadium announced it is reviewing its Mount Cattlin operations in Western Australia, citing high costs and falling prices of the raw material as reasons for potential production cuts. The lithium […]